ABS

The Aon Benfield report said that 2Q12 concluded the most active first half in five years.

Following the €500 million ($629 million) placement of the first aircraft covered bond in early July, the head of origination at the issuing bank Norddeutsche Landesbank, Thomas Cohrs, believes the prospects are good for further issuance.

The search for yield is providing some much-needed liquidity for a small corner of a market that has yet to recover from the financial crisis: auction rate securities.

There is no rest for weary U.S. ABCP market participants who have been 'up against it' almost non-stop for the past five years.

Activity in the primary securitization market was muted in August, with little new issuance in auto loans.

The continued difficulty of acquiring repossessed, single-family homes to rent on a significant scale makes it unlikely that these assets will be securitized this year.

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

The Bank of England’s program of easy money for banks and building societies may not hit ABS and MBS issuance as much as first thought.

Nissan Motor Acceptance Corp. is planning to issue a transaction under its Nissan Auto Receivables Owner Trust.

Most of the trigger breaches arose in deals exposed to banks downgraded below ‘P-1.’

The rating agency said that a number of positive factors should offset the setback including the record high 2011 harvest, among other things.

SNR Denton has hired Kenneth Wright Jr. as a partner in its capital markets practice. Wright was previously at Skadden, Arps, Slate, Meagher & Flom and will be based in SNR Denton’s New York office.

WASHINGTON – Freddie Mac reported a $1.2 billion second quarter profit this morning, meaning the housing giant will not require government bailout funds this quarter for the first time since its 2008 federal takeover.

A large majority of banks participating in the Home Affordable Refinancing Program have restricted their refis to mortgages they already service or own, according to a July survey of senior loan officers by the Federal Reserve.

Two new collateralized loan obligations priced last week, bringing the total volume for the year to date to roughly $21 billion, according to Bank of America Merrill Lynch.

The Jersey City, N.J.-based financial services firm that lost approximately $440 million due to a technological glitch on the NYSE at the start of the month has received an amicable tender from fellow Wall Street faithful.

A $25 million penalty collected by the Consumer Financial Protection Bureau (CFPB) last month is focusing attention on an aspect of the fledgling agency's powers that was long overlooked but now carries large political significance.

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