Finance

GC Securities expects catastrophe (cat) bond issuance to come within reach if not exceed the $7 billion record hit in 2007, according to a release from the boutique investment bank.

Issuance of prime auto ABS is falling short of the pace set in 2012, and Wells Fargo says this may be partly explained by the fact that more consumers are opting to lease, rather than buy, new vehicles.

Hyundai Capital America plans to issue $512 million of asset backed securities from its floorplan master trust structure, according to Moody’s Investors Service.

Shellpoint Partners said its shelf registration initially filed with Securities and Exchange Commission last October, was declared effective today.

New Oak Capital on Monday announced its new Mortgage Credit Service business that will be based in Danbury, CT.

Capital One is prepping a $500 million credit card securitization, its second of the year, according to Fitch Ratings.

Textainer Group, a lessor of intermodal containers, has amended its $1.2 billion warehouse securitization facility, extending the term and lowering the interest rate.

A global settlement between MBIA and Bank of America is positive for MBIA-wrapped non-agency mortgage-backed securities, according to Barclays.

Bank of America has agreed to pay the bond insurer MBIA $1.6 billion to settle a five-year-old dispute over losses related to soured mortgage-backed securities.

Big players remain largely absent from the re-emerging private-label residential mortgage-backed securities market.

A common securitization platform is under "full scale development" and should be ready for "significant testing" by next year, spokesmen for the government-sponsored housing enterprises said.

Lawrence Ceriello has joined Morrison & Foerster’s real estate finance group in New York as a partner.

CarMax is planning an $800 million securitization of used auto loans, according to a presale report issued today by Fitch Ratings.

The percentage of loans paying off on their balloon date registered 64.6% -- eight points above the March reading of 56.6%, according to the Trepp April payoff report,

Having recently been approved to underwrite mortgage-backed securities, W.J. Bradley Financial Services is planning to do just that, according to President Kent Usell.

A number of community banks are discovering that bulking up on student loans is easier said than done.

Flagstar Bancorp (FBC) in Troy, Mich., will pay $110 million to settle allegations that it misrepresented the quality of more than $1 billion of private label mortgage-backed securities it sold to investors.

The revival of Europe’s collateralized loan obligation market doesn’t extend to middle market loans, according to Fitch Ratings.

There’s been plenty of talk about using securitization to finance solar energy, but to date, no deals; the Department of Energy’s National Renewable Energy Laborator wants to jumpstart the process.

Santander Consumer USA plans to bring to market $846 million of asset-backed securities backed by a pool of fixed-rate new and used automobile, light-truck and utility vehicle loans.