Finance

While the changes to Spanish law governing mortgage foreclosures are ostensibly favorable to borrowers, Moody's believes they are credit neutral for Spain’s RMBS.

JP Morgan Chase priced its upsized $625 million credit card ABS transaction on Friday.

Honda Motors is in the market with its second auto loan securitization of the year, according to a presale report published today by Fitch Ratings.

Mercedes-Benz Financial Services USA plans to issue $1.26 billion of auto lease-backed notes, according to a Fitch Ratings presale report.

Apollo Global Management said today it priced its first European collateralized loan obligation; the €325 million deal is only the region's third since the financial crisis.

Problems in the office sector has led to a rise in loan delinquencies pooled in commercial mortgage-backed securities -- for the first time in 10 months, Fitch Ratings said.

Analysts at Trepp said in a report today that the conduits pricing this week are at levels wider than March pricings.

Harley-Davidson plans to issue a $650 million securitization backed by motorcycle loans, according to a deal prospectus filed with the US Securities and Exchange Commission.

Cantor Commercial Real Estate Lending, German American Capital Corporation and KeyBank priced a $631.76 million of commercial mortgage backed securitization; a triple-A, 2.33-year class of notes yields 0.712%.

JP Morgan Chase plans to launch a $500 million credit card ABS transaction.

Sallie Mae plans to issue its first residual student loan ABS deal in over a decade, according to Fitch Ratings.

An April 2 ruling on RMBS loans in breach of representations and warranties given by a bank is credit positive for investors of both residential and commercial mortgage backed securities, according to Moody’s Investors Service.

A judge has ruled that Bank of America does not have to defend itself against a lawsuit filed by the Federal Deposit Insurance Corp. on behalf of a failed bank.

consolidation among managers of collateralized loan obligations has slowed

Auto ABS remains adequately protected from a potential rise in losses, according to Deutsche Bank.

Arbor Realty Trust plans to issue CLOs backed by commercial real estate on a regular basis, Gene Kilgore, executive vice president of structured securitization said today.

US Airways priced two tranches of enhanced equipment trust certificates totaling $819.61 million, according to a pricing document.

The biggest impediment to the recovery of the European CLO market is the lack of loan issuance in the region, according to panelists at IMN's industry conference.

Citigroup plans to bring a $1.2 billion conduit CMBS deal called Citigroup Commercial Mortgage Trust 2013-GCJ11,