Securitization

Valeant Pharmaceuticals, which has come under pressure for both its accounting and business practices, is the single largest holding in U.S. collateralized loan obligations, according to Deutsche Bank.

The Department of Education on Tuesday finalized a set of rules that will restrict certain banking practices for federal student loan servicers.

Skopos, an indirect lender, is readying its first term securitization of subprime auto loans with a credit rating.

TSB Bank, which is owned by Banco Sabadell, plans to offer a mix of euro and sterling denominated bonds under its newly minted U.K. master trust called Duncan Funding.

Freddie Mac is preparing its fourth offering of bonds offloading exposure to actual losses on mortgages that it ensures, according to Fitch Ratings.

SMBC Aviation Capital plans to sell $671.9 million of securities backed by a portfolio of aircraft leases.

Arby's is returning to the securitization market with seven-year bonds backed by the sponsor's existing and future franchise agreements, company-owned restaurant royalties, rental income on fee-owned properties and other intellectual property.

Flagship Credit Acceptance, the subprime auto lender controlled by Perella Weinberg Partners, is in the market with a $450 million securitization, according to Standard & Poor’s.

The first securitization of single family rental properties, by Invitation Homes appears to be at risk of a maturity default.

A planned stranded cost securitization by the Puerto Rico Electric Power Authority’s would involve an unusual level risk, according to Moody’s Investors Service.

A bipartisan quartet of House lawmakers introduced a bill Friday that would stop the Federal Housing Finance Agency from moving forward with its rule to establish new membership requirements for the Federal Home Loan Banks.

Hudson's Bay is securitizing a $846.2 million loan that is backed by a portfolio 24 Lord & Taylor and 10 Saks Fifth Avenue stores located in malls and freestanding locations in 15 states, according to Morningstar.

Fifth Third Bank is marketing a $750 million prime auto loan securitization, according to Fitch Ratings.

Two banking regulators approved a final rule Thursday to raise collateral requirements for uncleared swaps.

Morgan Stanley and Bank of America Merrill Lynch's latest commercial mortgage bond is backed by a pool with unusually low leverage relative to conduits issued so far this year, according to Kroll Bond Rating Agency.

Springleaf's proposed acquisition of Citi's OneMain Holdings is being delayed by the Justice Department, which appears focused on preserving competition at the local level — even as a raft of new subprime installment lenders are popping up on the Web

J.P. Morgan plans to securitize a pool of 457 residential mortgage loans with a balance of $344.9 million, according to Fitch Ratings.

NextGear plans to issue $433 million of fixed and floating-rate notes backed primarily by auto dealer floorplan receivables, according to Moody’s Investors Service.

Sallie Mae Bank is returning to the securitization market for the first time since Moody’s Investors Service and Fitch Ratings put billions of dollars of FFELP loans under review for possible downgrades