ABS

The swelling trillion-dollar student loan market is missing key data and regulations necessary to head off another financial crisis, according to Rohit Chopra, the Consumer Financial Protection Bureau’s top official in charge of dealing with student loans.

The proposal would introduce dissemination of trade prices for securities ranging from highly liquid credit card and auto ABS to smaller and more esoteric deals in asset classes such as time shares, to commercial mortgage-backed securities (CMBS) and highly structured CDOs and collateralized loan obligations.

The proposal would introduce dissemination of trade prices for securities ranging from highly liquid credit card and auto ABS to smaller and more esoteric deals in asset classes such as time shares, to commercial mortgage-backed securities (CMBS) and highly structured CDOs and collateralized loan obligations.

Overall issuance growth will moderate in 2014, Fitch Ratings' managing director for asset backed securities says in the firm's outlook.

The company has proven it's possible to obtain a credit rating for bonds backed by leases on rooftop panels -- but at a cost.

The company has proven it's possible to obtain a credit rating for bonds backed by leases on rooftop panels -- but at a cost.

The limited number of buyers able to write big tickets allows them players to dictate terms.

Diamond Resorts International has closed on a $225 million offering of bonds backed by vacation timeshare loans.

Hertz priced an upsized offering of $500 million of bonds backed by fleet leases, according to a person familiar with the transaction.

CIT Group closed an upsized, $750 million equipment lease securitization.

$40.5 million tobacco settlement securitization is in the works, but this one is backed by fees paid to law firms, rather than states that were parties to the 1998 year Master Settlement Agreement

Concern is mounting among investors and analysts that Nationstar, Ocwen Financial and Walter Investment are getting so big so quickly that they are becoming too difficult to manage.

Freddie Mac has purchased reinsurance for some of the same exposure to losses on residential mortgages that it has unloaded to investors through issuance of general obligation bonds.

Analysts at Bank of America Merrill Lynch see value in "selectively" buying higher mezzanine tranches of asset-backed deals from issuers in the European peripheral countries. They think going down the capital stack in core country deals is a good idea as well.

Arranged by Citigroup, the deal is CNH's third equipment lease securitization this year.

USAA is marketing a $70 million catastrophe bond, according to a presale report from Standard & Poor’s.

Freddie Mac sold its second offering of notes transferring credit risk on the mortgages it insures at much lower cost than its initial offering in late June.

The deal, CIT's first this year, is one is backed by 29,644 small-ticket equipment lease contracts with a statistical contract principal balance of $529,676,998.

The peer-to-peer lending platform expanded into new territory at the beginning of October when investment management firm, Eaglewood Capital announced the completion of the first securitization of peer-to-peer consumer loans.