ABS

Delinquencies on securitized timeshare loans increased to 3.55% in the fourth quarter of from 3.28% in the third quarter, according to the latest index results from Fitch Ratings.

American Tower Corporation, the U.S. wireless tower operator plans to issue $1.8 billion of securities backed by interests in mortgage loans made to borrowers that are all wholly owned indirect subsidiaries of the issuer.

The catastrophe bond market proved to be a pretty safe place to invest last year, returning 10.28%, notwithstanding the damage Hurricane Sandy inflicted on the eastern seaboard of the U.S.

Analysts at Bank of America Merrill Lynch have a beef with new rules from the Basel Committee on Banking Supervision (BCBS) that spell out how much regulatory capital needs to be set aside for securitizations.

As many as 20 board members have resigned from the American Securitization Forum in a dispute over control of the trade group.

Moody's Investors Service and Fitch Ratings assigned provisional ratings of ‘P-1’/ ‘F-1’ to Wells Fargo’s $100 million term ABS, Series 2013-MM1 deal that is backed by collateralized servicer advance receivables.

View the year-to-date manager rankings through Feb. 22 for the different ABS sectors, including real estate, credit cards and autos.

The European Covered Bond Council’s labeling initiative needs a broader market take-up in order to meaningfully impact volumes, said analysts at Standard &Poor’s.

Strong payment structures and high credit enhancement levels will mitigate the impact of less conservative underwriting on subprime auto loan securitizations.

Spreads in the primary market have tightened so much that equity holders are calling collateralized loan obligations issued as recently as 2011 in order to fund new deals more cheaply.

Lease securitization has the potential to plug a yawning financing gap for non-U.S. airlines.

Lease securitization has the potential to plug a yawning financing gap for non-U.S. airlines.

Utility tariff bonds continue to price wide of other off the run ABS asset classes despite offering investors strong credit and strong fundamentals, according to Wells Fargo Securities.

The European Central Bank recently tightened the eligibility criteria for using covered bonds as collateral for funding. This could hurt covered bond programs

CNH Capital America LLC priced its upsized, $1.25 billion, equipment lease ABS deal, CNH Equipment Trust 2013-A to good investor appetite.

TAL International Group plans to issue a $271.75 million container lease ABS deal, kicking off what is expected to be a busy year for the esoteric asset class.

The South Carolina Student Loan Corporation has a $324 million deal in the works, according to a pre-sale from Fitch Ratings.

CLOs that are tracked in an index compiled by Standard & Poor’s show that fewer ‘CCC’-rated loans in their pools translate into better performance for transactions.

Direct Capital Corporation said it completed its first securitization of equipment lease backed notes, a $16O million deal called Direct Capital Funding IV LLC 2013-1.