Finance

Citigroup plans to issue two credit card receivables securitications from its Citibank Credit Card Issuance Trust,

AmeriCredit priced its $877 million subprime auto ABS deal at tighter levels than Santander Drive Auto Receivables Trust 2013-4, the last subprime auto to come to market.

The Justice Department and the Securities and Exchange Commission have both filed civil lawsuits against Bank of America alleging that the financial institution defrauded investors about the riskiness of $850 million in residential mortgage-backed securities.

Kentucky Higher Education Student Loan Corp. is planning a $563 million securitization of federally-guaranteed student loans, according to a presale report from Standard and Poor's.

Goldman Sachs, Jefferies and Citigroup have lined up a $1.2 billion conduit CMBS deal that is backed by 84 commercial mortgage loans secured by 132 properties.

President Obama ended his administration's self-imposed blackout regarding housing finance reform on Tuesday, finally endorsing a specific approach after effectively punting on the issue more than two years ago.

The Obama administration will be calling on Congress to pass legislation that would allow Fannie Mae, Freddie Mac or Federal Housing Administration to refinance underwater loans in private label securities.

The hunting, fishing and camping retailer Cabela plans to issue $291.75 million of asset-backed notes from its credit card master note trust, according to Standard & Poor’s.

The use eminent domain to seize underwater mortgages out of RMBS trusts would spell trouble for bondholders; but lcities may turn to other options to help homeowners.

Highbridge Principal Strategies is marketing a $378.5 actively-managed collateralized loan obligation

The government-sponsored enterprises’ risk sharing bonds treatment under Basel III international accounting standards will ultimately affect bank investors’ appetite for them, according to Fitch Ratings.

Apollo Credit Management is planning two actively-managed collateralized loan obligations. One for $775 Million dubbed ALM VII(R), and the other for $843.85 million dubbed ALM VII(R)-2, according to Standard and Poor's presale reports.

MassMutual Asset Finance plans to issue a $732.9 million equipment loan and lease ABS.

Sallie Mae is marketing a $747 million of securitization of government guaranteed student loans.

It is Enterprise's six fleet securitization. The notes are backed by vehicle fleet leases orginated the company.

Hyundai Capital America plans to issue a $786.18 million auto lease securitization deal.

View the year-to-date manager rankings through Aug. 30 for the different ABS sectors, including real estate, credit cards and autos.

Bank of America said regulators may bring civil claims on securitizations backed by jumbo mortgages and collateralized mortgage obligations.

said that its CMBS ratings stack up to the competition's.

The single tranche of A notes priced at 160 basis points of interpolated swaps. This was the low end of guidance.