Securitization

Navient is making a January debut in the securitization market with plans to sell $488 million worth of bonds backed by private student from its private education loan trust, according to Fitch Ratings.

Morgan Stanley plans to securitize the senior portion of a $310 million commercial real estate loan it underwrote for Simon Property Group, according to Standard & Poor’s

A new Spanish auto loan securitization is coming down the pike.

Credit Suisse’s first 2016 CMBS, to be issued from its CSAIL trust, pools a considerably smaller amount of loans relative to the sponsor’s previous two deals.

Societe Generale SA is pulling back from the U.S. mortgage-bond business just two years after building out the unit, according to two people with knowledge of the matter.

Martin Stephenson is joining JLT Re, the 4th largest reinsurance broker in the world.

LoanHero, an online lender specializing in consumer loans at the cash register, announced that it has raised $2.5 million in seed funding.

JP Morgan is marketing $585 million of bonds backed by a single loan secured by a portfolio of 30 hotel properties, according to Fitch Ratings.

Discover Bank and Royal Bank of Canada are marketing the first two offerings of the year of notes backed by credit card receivables.

Deutsche Bank and Cantor Fitzgerald plan to issue $1 billion of securities backed by commercial mortgage loans via COMM Series 2016-CCRE28.

Overlapping missions and jurisdictions are fueling competition between the Consumer Financial Protection Bureau and the Federal Trade Commission, according to former officials at both agencies.

Online lender Enova International said Friday it has entered into a $175 million asset-backed financing facility for its NetCredit installment loan portfolio.

Ally Bank is marketing $1 billion of prime auto loan securities in its first securitization of 2016.

Santander Consumer USA is marketing $752.2 million of securities backed by subprime auto loans via Drive Auto Receivables Trust 2016-A

Goldman Sachs Group Inc. said it agreed to settle a U.S. probe into its handling of mortgage-backed securities for about $5.1 billion, cutting fourth-quarter profit by about $1.5 billion and closing out a year of record legal and litigation costs.

United Auto Credit and Consumer Portfolio Services are planning to issue a combined total of $501 million in bond backed by subprime auto loans.

Ford Motor Credit Company’s latest securitization pools the highest amount of longer term loans than any of the previous deals issued by the sponsor, according to Fitch Ratings.

Deutsche Bank AG officials are reviewing whether some employees exaggerated demand as they marketed new securities backed by risky auto loans, potentially suppressing yields for investors, according to a person with knowledge of the matter.

Spreads widened on all but the riskiest tranche for Freddie Mac’s latest offering of Structured Agency Credit Risk securities as investors demanded additional compensation for taking on the credit risk of mortgages insured by the company.