Securitization

Landmark Infrastructure Products is marketing $133.1 million of notes backed by property leased to owners of wireless towers and billboards, according to Fitch Ratings.

Mercedes-Benz is marketing its first dealer floor plan securitization in a year, with a new $750 million bond issuance split between a pair of two-year and three-year maturity tranches.

Freddie Mac has priced its sixth guaranteed multifamily small balance loan securitization of 2016.

LEAF Capital Funding is marketing $310 million of securities backed by equipment leases, according to DBRS

Sallie Mae Bank is preparing its first private student loan securitization of the year, according to rating agency reports.

Nissan and Hyundai each launched approximately $1 billion of bonds backed by auto leases Thursday, according to rating agency reports.

A subsidiary of Goldman Sachs purchased all four pools in Fannie Mae's latest nonperforming loan sale.

The government-sponsored enterprises' risk-sharing deals are being hailed as an innovative approach for Fannie Mae and Freddie Mac to offload credit exposure to private markets. But their growing popularity is raising questions about how these transactions should be reported in financial statements.

There’s a real downside to extremely low or even negative interest rates. Existing CLOs may not earn enough from their euro-denominated assets to pay the interest on the notes they issue.

Goldman Sachs and Citigroup each launched two new CMBS deals on Wednesday, with Fitch Ratings assigning provisional ratings on both pools that focus heavily on retail properties. Goldman's pool is highlighted by a multifamily investor mortgage secured by a portfolio of San Francisco apartments appraised at $923 million.

Deloitte & Touche recently named two co-leads for the CLO services unit of its securitization practice, Hillel Caplan and Lynda Lazzari.

Prices of loans held by CLOs recovered again in April, giving managers some more breathing room. But funding costs, rising interest rates and credit deterioration remain a challenge.

Darien Rowayton Bank – with a fledging student loan refinancing program for graduates of prestigious medical, business and law schools – is issuing a $176 million securitization of three-classes of fixed- and floating-rate loans.

Despite the deterioration in their CLO holdings, BDCs appear to be maintaining their dividends and appear to be in no particular hurry to unload holdings.

Even before the Treasury Department released its policy recommendations for the marketplace lending sector, an industry-backed campaign opposing new rules for small-business credit was underway

Colony American Finance is going to issue $254 million in new notes backed by the mortgage loans of landlords of the fledgling multi-tenant and single-family residential securitization market. .

Insurance firm Assurant Inc. is bringing a diverse mix of low-leverage commercial mortgages to it’s first-ever $259.7 million securitization.

Legislation that would authorize the use of private flood insurance on Fannie Mae and Freddie Mac mortgages was overwhelmingly approved by the House late last month, but concerns about its potential impact are beginning to crop up.

Capital One Bank is bringing its first 2016 issue of securitized credit-card receivables in two series of notes totaling $750 million through its Capital One Multi-Asset Execution Trust (or COMET), according to a regulatory filing.

LendingClub Corp. founder and Chief Executive Officer Renaud Laplanche resigned after an internal review of loan sales to a single investor, and president Scott Sanborn was named acting CEO.