Finance

The Federal Reserve won’t taper its MBS purchasing program, despite some improvement in the U.S. economy and contrary to what securitization market industry players expected.

A rebound in subprime auto loan securitization comes with the relaxation of lending standards by originators looking to fuel loan growth.

It’s official: Hilton Worldwide’s mega commercial mortgage backed securitization weighs in at $3.5 billion.

Vornado Realty Trust (VNO) may soon look to dispose of its J.C. Penny and Lexingto Realty Trust holdings, in a move that would simplify the real estate investment trusts’s non-core holdings said Fitch Ratings.

Angelo, Gordon & Co. is working a $350 million collateralized loan obligation, its first of 2013.

Two subprime auto deals for a combined $477 million are slated to close next week, according to pre-sales from Standard & Poor’s.

The Royal Bank of Canada lined up a new securitization backed by a pool of credit card receivables , according to a Moody's Investors Service presale report.

Sallie Mae plans to inject the primary pipeline with a $624 million dose of private student loan-backed securitization, following up on its FFLEP-backed student loan ABS issued last week.

Wells Fargo and RBS priced the $930.82 million commercial mortgage-backed security (CMBS) known as WFRBS 2013-C16 on Monday evening.

Citigroup is back in the market with three as-yet unsized offerings of notes backed by credit card receiveables.

Leaf Capital Funding will issue a $324.98 million equipement lased asset backed securitization called Leaf Receivables Funding 9, according to a Moody’s Investors Service presale report.

A $110.6-million securitization of timeshare loans is heading to the market, according to a pre-sale report from Standard & Poor’s.

Deutsche Bank, Nataxis and Ladder Capital are preparing a $1.1 billion CMBS conduit, according to a presale report by Kroll Ratings.

American Express plans to return to market this year with a second issue from its American Express Credit Account Master Trust.

Despite the potential for volatility ahead of the Federal Reserve’s September meeting on interest rates, CMBS spreads were stable last week.

Fitch Ratings said that the CMBS delinquency rate is set to undergo yet another dip once an impending modification of the $678 million Skyline Portfolio loan is finalized.

Presale reports are out on a $425 million sequential-pay commercial mortgage-backed securities deal backed by beneficial interests in a mortgage securing four Florida hotels.

Sallie Mae priced its $995.8 million SLM Student Loan Trust 2013-5.

General Electric is working on a $446.85 million securitization of small equipment loans, its first of 2013.

Private student loan securitizations issued between 2010 and 2013 contain loans of stronger credit quality and are likely to perform better than 2006 to 2009 securitizations, according to Moody’s Investors Service.