Finance

Non-performing loans collateralized by commercial properties in Germany, the U.K., Ireland and Spain are attracting buyside interest, according to Ernst & Young’s 2013 NPL report.

The Loan Syndications and Trading Association and the Securities Industry and Financial Markets Association have jointly developed a pair of proposals to help collateralized loan obligations comply with the U.S.'s new Foreign Account Tax Compliance (FACTA) tax regulations.

Aspen Reinsurance launched Aspen Capital Markets and appointed Brian Tobben managing director of the newly created unit, according to a company press release.

Wells Fargo and RBS priced the $785.7 million, WFRBS 2013-C13 fixed rate CMBS conduit yesterday at tighter spread levels than earlier April prints.

Issuance of new U.S. collateralized loan obligations is likely to level off after ‘skyrocketing’ in the first quarter, according ot Fitch Ratings.

Pramerica has adjusted the structure of a €300 million CLO it priced this month, presumably to reflect the fact that an unusually large portion of the collateral is in fixed-rate bonds, as opposed to floating rate loans.

Seix Investment Advisors is returning to the CLO market for the first time since the financial crisis with a $400 million deal.

North Carolina’s Joint Underwriting Association and Insurance Underwriting Association issued $500 million Series 2013-1 notes via a new catastrophe bond shelf program, Tar Heel Re.

The Structured Finance Industry Group has 55 members and counting. The new trade organization’s website now has a link to all of those who have joined the group.

Credit Acceptance Corporation is coming down the pike with a $140 million securitization of subprime auto loans, according to a presale from Kroll Bond Ratings.

Global Tower Partners is readying a $245 million securitization of cell towers, according to a presale report from Fitch Ratings.

Freddie Mac is back marketing its multifamily CMBS this year, the $1.2 billion K-026 certificates.

Cronos Containers will issue a $200 million securitization backed by a portfolio of sea containers, according to Standard & Poor’s.

Ally Bank issued $585 million of floating rate asset backed notes from its dealer floorplan master owner trust.

Paul Jenison has joined Finacity Corporation as part of the firm’s effort to expand its business of securitizing and funding consumer receivables.

THL Senior Credit Strategies is in the market with its fifth collateralized loan obligation, according to a presale report by Standard & Poor’s.

Global issuance of commercial mortgage-backed securities (CMBS) is on a tear, according to stats from Dealogic.

Commercial Credit Group is preparing a $194.47 million securitization of equipment loans and leases, according to a presale report published by Standard & Poor’s.

Arbor Commercial Mortgage has hired Barbara Duka, Peter Ginsberg and Richard Bianchi; as it continues to expand and develop its CMBS and syndication platform.