Finance

Analysts at Bank of America Merrill Lynch see value in Australian RMBS for global investors, despite the recent downgrades of junior notes by Moody’s Investors Service.

Moody's Investors Service chief executive told investors Friday he is unaware of plans by federal and state officials to sue the company for allegedly misleading investors in the run-up to the housing crisis.

Senator Richard Durbin (D-IL) reintroduced legislation in Congress to allow privately-issued student loans to be discharged in bankruptcy.

The sharp drop in delinquencies of securitized commercial loans in January belies ongoing struggles in the hard-hit Atlanta region, according to the latest index results from Fitch Ratings

Ally Bank plans to issue $500 million series 2013-1 class A notes from its dealer floorplan ABS structure, Ally Master Owner Trust.

CNH Capital America plans to issue an $850 million equipment lease ABS transaction backed by fixed rate retail installment sale contracts and retail installment loans secured by agricultural or construction equipment.

MBS mostly lagged in both rallies and sell-offs in the week ended Feb. 8 amid concerns about increased originator supply and convexity-related selling.

Morgan Stanley announced a reshuffling of roles for managing directors in the banks securitized products group. The changes will help the bank develop its new issue securitization franchise.

CarMax Business Services LLC priced its first issue of 2013, an upsized $1.04 billion prime auto asset-backed securities deal called CarMax Auto Owner Trust 2013-1.

Morgan Stanley Investment Management's new Global Mortgage Securities Fund will invest in mortgages and securitized debt instruments issued by government agencies and private institutions, the bank said this week.

Sallie Mae priced its $1.2 billion securitization of Federal Family Education Loan Program (FFELP) loans, SLM 2013-1.

Morgan Stanley is arranging a $500 million collateralized loan obligation for Sankaty Advisors,

Discover Bank priced the two series of note issuance from its credit card master trust, 2013-1 and 2013-2.

Peter Albano is joining Oppenheimer & Co. Inc. as head of taxable fixed-income sales, overseeing mortgage-backed securities as well as high-grade corporate credits and institutional emerging markets.

Goldman Sachs plans to issue a $500million single-borrower CMBS backed by Kings Plaza Mall in Brooklyn.

Discover Bank is planning to issue $1 billion from is credit card master trust over two series of note issuance, 2013-1 and 2013-2.

Morgan Stanley and Bank of America Merrill Lynch issued a $1.13 billion conduit, series 2013-C8 on Tuesday afternoon.

U.S. District Judge Jed Rakoff ruled that Flagstar Bancorp violated agreements with Assured Guaranty Municipal to follow its own underwriting guidelines; he ordered Flagstar to pay Assured $90 million.

Kroll Bond Ratings said it expects the first rated securitization of commercial property assessed clean energy (PACE) loans in 2013.