Securitization

Money managers are hoping pension funds and insurance companies will become big buyers of leveraged loans, picking up the slack from CLOs.

Loan servicer C-III Capital Partners has committed to put $10 million into commercial real estate services firm Grubb & Ellis Co. by investing in a line of credit issued earlier this year by Colony Capital.

Residential lenders issued $350.3 billion of Ginnie Mae MBS in fiscal year 2011, down 15% from the previous fiscal year, according to new figures released by the the agency.

Information and analytics provider CoreLogic and Amherst Holdings have jointly introduced Agency Prepayment Analyzer.

Markit has launched an index that tracks the aggregate return of roughly 100 of the most liquid dollar-denominated leveraged loans, the financial information services company announced today.

Master servicers have been instrumental in dealing with the robosigning debacle in existing securitization deals, said participants at Information Management Network’s ABS East Conference on Sunday.

When it comes to bond pricing, one message that rang out clear at Information Management Network’s ABS East Conference on Sunday: investors need to do their own homework and make sure they know what’s behind the valuation tools they employ.

Dutch RMBS has proven to be one of the rare bright spots in post-crisis European ABS, which could inspire U.S. investors to take a look at the sector, Standard & Poor’s said in a recent report.

Commercial real estate CDO delinquencies rose slightly last month following four straight months of decline, according to the latest index results from Fitch Ratings.

Standard & Poor’s today cut its projection of U.S. CMBS issuance in 2012 to $35 billion from $45 billion. That would translate to flat growth from this year’s estimate. The agency reduced its forecast thanks to three consecutive months of rising spreads, an uncertain economic outlook and a slowdown in origination by lenders.

Moody's Investors Service has placed on review for possible downgrade the ratings of 82 tranches in 27 U.K. non-conforming RMBS transactions and two tranches in one ABS U.K. consumer loan transaction.

Nationwide Building Society priced its multi-currency U.K. RMBS issued from the bank's Silverstone Master Trust, according to a Dow Jones report.

The Standard & Poor’s downgrades of leading Spanish banks earlier this week could reverberate on outstanding ABS deals, the agency said.

Using different styles and tactics, Jamie Dimon of JPMorgan Chase & Co. and Vikram Pandit of Citigroup Inc. are making the same argument: policymakers have already done enough to rein in risk-taking. Doing more, particularly tacking on a capital surcharge for the largest firms, the CEOs insist, will crimp credit and in turn chill economic growth.

Clydesdale Bank is marketing a £829 million ($1.3bn) securitization backed by a pool of buy-to-let residential mortgage loans originated by Clydesdale Bank and subsidiary Yorkshire Bank Home Loans.

Moody’s Investors Services' downgrade of twelve U.K. financial institutions could indirectly support U.K. RMBS, according to Deutsche Bank analysts.

A sample of comments in response to the SEC's rating agency reform proposals suggests the market could find itself in a situation where the government must balance its interest in oversight and control with its plans to avoid more responsibilities and liabilities. It also may need to balance its aim to restrict conflicts of interest with another reform goal involving more sharing of information and transparency.

Auto ABS continues to lead consumer ABS volumes and the latest deal to emerge in the pipeline comes via Honda's $1.0 billion Honda Auto Receivables 2011-3 Owner Trust.

The Royal Bank of Scotland priced its £3.6 billion ($5.5 billion) U.K. RMBS transaction called Arran Residential Mortgages Funding 2011-2 plc, which issued tranches denominated in dollars, euro and British pounds.