Finance

Moody's Investors Service assigned provisional ratings to to the third securitization of prime U.K. owner-occupied mortgages by Yorkshire Building Society.

Some features designed to make the safest private-label mortgage bonds even safer may not be such a sure thing after all, according to Moody’s Investors Service.

Banks are increasingly issuing credit cards to consumers with riskier credit profiles, at a time when consumers in financial distress are placing increased value on paying their mortgages ahead of their credit cards, according to two studies published last week.

Salus Capital Partners LLC has issued an additional $300 million of notes from a collateralized loan obligation that closed in February.

Ford is marketing a Canadian dollar denominated auto loan securitization that is backed by prime auto loan receivables originated in Canada

A pickup in issuance of mortgage backed securities has yet to affect pricing, according to analysts at J.P. Morgan.

Third party certification for solar projects significantly raises the industry bar for technical bankability and risk reduction for PV power plant operators, investors and financial entities.

The European Central Bank introduced loan-level data requirements for credit card asset-backed securities used as collateral in its operations subject to a 9-month phase-in.

Moody’s Investor Service is considering changing the way it rates covered bonds to take into account the additional support they would receive in the event of a bank failure.

Paragon Mortgages priced its first U.K. buy-to-let transaction of 2013 to strong investor demand, according to a Deutsche Bank report.

RealtyTrac and RentRange revealed the top 25 single family rental markets that have the highest gross rental yields in counties where institutional investor purchases accounted for less than 5% of sales in the three-month period ending in July.

Consumer Portfolio Services plans to issued its third subprime auto loan securitization of 2013.

PennyMac is set to plot its first prime RMBS issue via the $550.46 million PMT Loan Trust 2013-J1.

The U.S. Federal Reserve’s decision to maintain its bond purchases is likely to boost mortgage volume over the near term, and could also give some lift to RMBS volumes.

Garrison Capital, a lender to middle market companies, has securitized some additional loans on its balance sheet.

Regional banks like M&T Bank and Fifth Third Bank find that their relative inexperience in Auto ABS issuance is reflected in the wider spreads relative to more experience captive finance auto ABS issuers.

Citigroup and Goldman Sachs priced an offering of $989.54 million of commercial mortgage backed securities, according to a regulatory filing.

American Express priced an upsized offering of $777.77 million of five-year notes from its American Express Credit Account Master Trust, according to a regulatory filing.

Nine states prevailed last week in arbitration with tobacco companies in their dispute over the size of 2003 payments due under the 1998 master tobacco settlement, providing a boost for their outstanding tobacco bonds.