Finance

GE Commercial Distribution Finance Corp. issued its $500 million dealer floorplan asset-backed securitization on Wednesday.

Redwood Trust has issued $2.7 billion in private label jumbo mortgage securitizations, nearly doubling its MBS issuance since restarting issuance in 2010.

A cap on the allocations of borrower accounts to not for profit servicers of the Federal Direct Loan Program could result in losses for Federal Family Education Loan Program-backed securities, said Fitch Ratings.

The rise in home values has limited impact on residential mortgage-backed securities loss severities on liquidated loans that are backed by properties that have been delinquent for three years or more, according to Moody’s Investors Service.

Europe’s auto ABS pipeline continues to build and the latest boost comes from SOFIRA’s EUR550 million ($714.5M) revolving cash securitization of dealer floorplan receivables extended to auto dealers in France.

First Capital closed its $283 million securitization of senior secured working capital loans to small and mid-sized private companies.

In the American Securitization Forum’s ongoing bid to restore securitization’s once-prominent role in funding housing, the trade group released a clutch of proposals Tuesday.

SeaCo plans to issue a $200 million marine container lease backed securitization deal that will be rate by Standard & Poor’s.

BMW plans to launch a CHF 300 million ($318M) Swiss auto lease ABS, Bavarian Sky Europe, Compartment 1; the issuer’s first transaction in the Swiss market.

European banks and vehicle manufacturers are increasingly funding auto lending through the securitization market, according to Standard & Poor's report.

Sallie Mae is marketing its second private student loan-backed securitization of 2013 via the $851 million SLM Private Education Loan Trust 2013-B.

Nelnet plans to issue a $765 million Federal Family Education Loan Program (FFELP) loans-backed securitization that also includes 24.6% of rehabilitated loans.

Moody's Investors Service is seeking comments from market participants on proposed adjustments to how it evaluates tail risk in residential mortgage-backed securities that do not have compensating support mechanisms.

Mortgage REIT Redwood Trust is readying its sixth private-label securitization of residential mortgages (RMBS) this year, according to re-sale reports from Fitch Ratings and Kroll Bond Ratings.

The Climate Bond Initiative said securitization is an ideal way to unlock further funding for the International Finance Corporation's “green” bonds.

GE Commercial Distribution Finance Corp. plans to issue $442 million of deal floorplan asset backed noted from its GE Dealer Floorplan Master Note Trust, Series 2013-1 structure.

Fitch Ratings is concerned with the spike in issuance of large-loan commercial mortgage-backed securities (CMBS) in the U.S.

Five Ten Capital closed a $100 million financing facility with Deutsche Bank that is backed by mortgages on rental homes, with an eye towards longer term financing for its portfolios of these properties.

First National Holdings is planning an $87.5 million securitization of property tax liens, according to a presale report published by Kroll Bond Rating Agency.