Finance

The pace of student loan asset-backed securitization is on track to meet expectation and Standard & Poor’s said that Federal Family Education Loan Program-backed deals dominate the new issue market.

Moody's Investors Service said today that it will review for downgrade the ratings of 28 tranches in eight U.K. residential mortgage backed securities transactions sponsored by Co-Operative Bank.

Private mortgage insurance companies and mortgage REITs are willing to take first-loss positions on government-backed MBS, according to Mortgage Bankers Association chief executive David Stevens.

JP Morgan plans to issue a $510 million, commercial mortgage-backed securitization deal backed by Marriott hotel properties called JP Morgan Chase Commercial Mortgage Securities Trust 2013-JWRZ.

Nissan Motor Acceptance Corporation priced its upsized $1.25 billion auto lease backed securitization deal called Nissan Auto Lease Trust 2013-A. The deal was originally sized at $800 million.

JP Morgan Chase plans to launch two credit card ABS transactions for a total of $1 billion.

Comenity Bank, formerly World Financial Network Bank priced its triple-A notes from private label credit card ABS Series 2013-B on Tuesday.

“Persistent economic concerns” may slow the pace but won't stop improvements in commercial real estate performance throughout 2013, according to Moody's Investors Service.

CarFinance Capital, the subprime auto lender owned by private equity firm Perella Weinberg Partners, is planning a $253 million securitization, according Kroll Bond Rating Agency.

Macquarie Bank upsized its senior note offering from its auto lease-backed ABS targeting U.S. investors to $750 million from $500 million.

Annual payments into the tobacco Master Settlement Agreement for 2003-2012 increased this year to $7.5 billion from last year's $6.15 billion, according to Standard & Poor’s.

Cantor Fitzgerald said today it has added four structured credit professionals and is planning expand the business to underwrite new collateralized loan obligations in the U.S. and Europe.

Ratings rotation was advocated by some panelists at a talk a convened by the Securities and Exchange Commission on a credit rating assignment system as envisaged by Section 939F of the Dodd-Frank Act, also known as the Franken Amendment.

A range of voices in the structured finance industry spoke against a credit rating assignment system as envisaged by Section 939F of the Dodd-Frank Act at a panel convened by the Securities and Exchange Commission.

Ocwen’s Home Loan Servicing Solutions is marketing two servicer advance receivables-backed securitization deals, Series 2013-T2 and Series 2013-T3 that will issue a combined total of $850 million.

West Bromwich Building Society announced the first investor-placed prime U.K. RMBS of the year— a £380 million ($579 million) senior tranche from the deal Kenrick No. 2.

Nissan Motor Acceptance Corporation plans to issue an $800 million auto lease backed securitization deal called Nissan Auto Lease Trust 2013-A.

The American Securitization Forum and the Structured Finance Industry Group will both speak against the Franken Amendment at the U.S. Securities and Exchange Commission ratings agency roundtable event in Washington D.C.

Wells Fargo and RBS plan to issue a $1.4 billion conduit CMBS deal called WFRBS Commercial Mortgage Trust 2013-C14 that is backed by 73 fixed rate commercial mortgage loans that are secured by 99 properties.