Finance

Manager Activity: Autos Book Runner Amount (US$ Mil) Rank Mkt.

Since Risk Management Solutions changed its hurricane model in March 2011,

Santander Consumer USA is planning to issue a subprime auto securitization called Santander Drive Auto Receivables Trust 2012-6 worth $1.25 billion.

CarMax and Huntington are both planning to sell their respective auto securitizations.

Citibank plans to launch a new securitization deal from its Citibank Credit Card Issuance Trust, according to an SEC registration the bank filed today.

Redwood Trust filed an SEC registration for a new RMBS deal to be issued from its Sequoia series of deals.

The ABS industry right now is very focused on the October 12, changes the U.S. Commodity Futures Trading Commission plans to make that would render deals "commodity pools".

The new $876mn conduit CMBS from Deutsche Bank/Cantor will raise year to date issuance in the sector to $32bn, $1bn less than 2011’s full year total, according to today's Standard & Poor's securitization update.

Mortgage performance at national banks improved slightly in the second quarter, and seriously delinquent loans were at their lowest level in three years, the Office of the Comptroller of the Currency said Thursday.

The auction process for the government-controlled Residential Capital Corp. could last for up to five days with the bankruptcy court not approving a winning bidder for almost a month.

Freddie Mac has issued its first floating rating multifamily CMBS from its capital markets execution program.

Attorney Bart Dzivi, who served as counsel to the Financial Crisis Inquiry Commission in 2009 and 2010, proposes government must help prevent a future economic collapse by promptly and urgently prosecuting top executives for their crimes.

Both TD Bank and Scotiabank may reportedly be among more than 15 bidders for the non-U.S. operations of Ally Financial.

Mortgage applications rose almost 3% on a sequential basis for the week ending Sept. 21

Jeffrey Gundlach, the CEO of DoubleLine Capital whose home was burglarized earlier this month, has offered some $1.7 million for information leading to the recovery of stolen artwork.

Flagstar Bancorp must stand trial over charges it breached contracts for financial guaranty insurance on roughly $1 billion in RMBS it had issued during the run-up to the financial crisis.

California Gov. Jerry Brown this week signed three new laws that are part of the Homeowner Bill of Rights.

These banks have completed more than $4.16 billion in cross-border credit card ABS issuance year-to-date.

Investors can reach for yield beyond senior CMBS and yet maintain a higher level of credit enhancement through single-asset or single-issuer deals, FTN Financial analysts said.