Finance

Moody's: No Rating Impact on Cairn CLO's Amendment

SFIG is the latest securitization voice to join opposition against eminent domain. The group filed a brief today in support of Wells Fargo’s lawsuit to stop the City of Richmond, California from seizing mortgage loans under the plan.

FINRA’s planto disseminate pricing on after-market transactions in asset-backed securities through TRACE should transform the market.

Two Ohio utility rate reduction bonds that priced this summer rekindle a debate as to the appropriate benchmark for these securities.

A longstanding leading issuer of munis, New York’s Metropolitan Transportation Authority (MTA) took an entirely new approach to the capital markets this past July: a catastrophe bond.

Proposed changes to GAAP could make it less attractive to lease large equipment, but more attractive to securitize leases

Freddie Mac takes the first step in shifting mortgage default risk to the private sector.

The proposed alignment of the qualified residential mortgage rule with existing mortgage risk retention standards will ease the underwriting and securitization of prime borrower loans but are the rules too lenient on borrowers?

Brigade Capital Management is issuing its first collateralized loan obligation of the year.

Volkswagen extended its Driver auto loan securitization franchise into the French market via the €491 million ($650M)Driver France FCT Compartiment 2013-1 transaction.

John Deere priced $849 million of notes backed by equipment installment sale contracts,

Federal regulators on Wednesday proposed aligning new securitization requirements with a recent Consumer Financial Protection Bureau underwriting rule in a move likely to please banks and housing advocates.

The French reinsurer, SCOR Global Life plans to issue a mortality insurance –linked securitization called Atlas IX Capital Ltd.

Wells Fargo reported that auto loans outstanding increased at an 8.5% rate on a year-over-year basis in Q2 2013 but auto loan abs issuance has not kept pace.

Insurance companies have focused on higher yielding paper, within benchmark ABS asset classes in their 2013 new issue investments, according to a JP Morgan report.

Despite announcing that a deal would be ready in “weeks,” FeatherStone has yet to select a ratings agency to rate the deal, nor has the group selected a lead underwriter to lead the transaction.

Many banks in the auto lending business have been making investments that they hope will give them a more enduring edge; to the extent that bank are less likely to securitize these loans, this could impact securitization volume.

Total delinquencies in the Standard & Poor's Portuguese RMBS index decreased slightly in the second quarter of 2013, for the first time in 2 years.

Redwood Trust prepared to issue its 11th deal of the year that has been assigned preliminary ratings by both Kroll Bond Ratings Agency.