Securitization

CarVal Investors has joined the growing ranks of players securitizing re-performing mortgages.

Diamond Resorts International has completed the sale of $180 million of bonds backed by timeshare loans.

New Residential is marketing a $519.7 million securitization of re-performing mortgage loans, according to Moody's Investors Service.

CLO manager CIFC Corp. is tackling the impending risk retention rule head on by raising its own capital.

.Yet another offering of commercial mortgage securitization is getting some ratings juice from an investment grade property on Madison Avenue in New York City, but this time it’s a different address.

PACE bonds issued by Los Angeles County along with those issued by the Western Riverside Council of Governments' and San Bernardino Associated Governments collateralize the third securitization of Property Assessed Clean Energy (PACE) bonds issued under the HERO Funding Trust.

AMAG Leasing, the leasing arm of Swiss auto distributor and Volkswagen importer AMAG, plans to make a market debut with a CHF400 million ($396 million) portfolio of Volkswagen leases, some of which are impacted by the recent emissions cheating allegations.

The Internal Revenue Service has issued guidance clarifying that state student loan programs can use tax-exempt bonds to fund parent loans as well as for a broad range of refinancings that help borrowers take advantage of lower rates

SoFi Lending Corp. is marketing another $536 million of securities backed by private student loans.

GFC Lending, a unit of DT Acceptance Corp., is marketing $165 million of securities backed by subprime auto loans, according to DBRS.

The South Carolina Student Loan Corp. is marketing what may be the first securitization of federally guaranteed student loans since rating agencies put a broad swathe of the market under review for potential downgrades over the summer.

Citigroup's OneMain Financial unit won U.S. antitrust approval for its sale to Springleaf Holdings after the companies agreed to sell branches.

A swaps rule set to take effect in 2016 could make it securitization more expensive, raising funding costs for businesses and consumers.

Covered bonds may not be a lost cause in the U.S. after all.

Wells Faro is marketing $774 million of securities backed by a pool of 62 commercial mortgage loans that are in turn secured by 73 properties.

TCF Bank is marketing its third auto loan securitization, according to Standard & Poor’s

Four Federal Home Loan Banks have recruited 74 members to participate in their new Mortgage Partnership Finance jumbo loan program.

BMW readied its third and biggest ever Chinese auto loan securitization.

Federal Housing Administration closes loophole for student debt in revamped lender handbook.