Finance

Credit Suisse is planning to issue a £200.2 million ($314 million) securitization backed by U.K. buy-to-let and owner-occupied non-conforming residential mortgage loans, from its Alba series.

Sallie Mae sold $225 million of BBB-rated bonds with a 3.05-year weighted average life and a 3.5% coupon rate via its SLM Student Loan EDC Repackaging Trust 2013-M1.

Ford Motor Co. priced its Series 2013-3 and Series 2013-4 auto floorplan-backed securitizations, according to a Securities and Exchange Commission filing.

Hyundai Capital America plans to return to the securitization market with a $1.5 billion auto loan securitization deal issued from its auto receivables trust.

The Morgan Stanley Bank of America Merrill Lynch Trust is marketing a $1.5 billion CMBS certificates transaction. MSBAM 2013-C10 certificates represent the beneficial interests in a pool of 75 commercial mortgage loans secured by 87 properties. The certificates follow a sequential-pay structure.

SNL reports that, in some cases, it’s not just the attractive yield or familiarity with the asset class, but a desire for exposure to the commercial loan backing these securities.

Ocwen Financial (OCN) is buying mortgage servicing rights and related servicing advances from OneWest Bank in Pasadena, Calif., for $2.5 billion.

The securitization conference season just added Oct. 27 to 29 to its calendar with the International Institute for Business Information & Growth’s inaugural consumer finance symposium at the Cosmopolitan of Las Vegas.The securitization conference season just added Oct. 27 to 29 to its calendar with the International Institute for Business Information & Growth’s inaugural consumer finance symposium at the Cosmopolitan of Las Vegas.

In an otherwise slow week for commercial mortgage-backed securities, Deutsche Bank and Citigroup are marketing a $775 million deal backed exclusively by hotels.

DriveTime Automotive Group priced its $237 million securitization backed by subprime auto loan receivables.

While Clean Power Finance and others are focused on residential solar financing, Mercatus (formerly SCS Renewables) has turned its attention to what it calls “the next big growth opportunity”: securitization funding for commercial and industrial solar projects.

ALBIS Mobil Lease GmbH, UTA Leasing GmbH, and Kögel Leasing GmbH plan to issue up to €147.23 million backed by leases made to the German small and midsize enterprise (SME) sector .

Pricing on Ohio’s FirstEnergy utility securitization are expected to price on the tight end of guidance on the back of the historically low rates for benchmark U.S. Treasury and U.S. Agency debt.

Freddie Mac is marketing multifamily mortgage-backed securitizations for a combined total of approximately $3.5 billion.

Sallie Mae closed a new, $6.8 billion credit facility that will allow it to exit the Straight A funding program ahead of schedule.

Louisiana Tobacco Settlement Financing Corp. trustees gave swift approval Tuesday to the controversial refinancing of up to $720 million of outstanding tobacco settlement revenue bonds.

Bank of America is preparing to jump into the consumer ABS issuance frenzy with a new deal from its rarely used Bank of America Auto Trust.

Iconix Brand Group is planning to issue a securitization of flows from brand licensing for $250 million, the company said in a release.

The Structured Finance Industry Group has hired Falcon Capital Advisors as well as a consultancy run by Kristi Leo to help it attract new members and pursue its legislative agenda.