Securitization

The same tony New York City address, 11 Madison Avenue, is showing up in another commercial mortgage securitization sponsored by Deutsche Bank and Cantor Fitzgerald.

American Honda Finance Corp. is launching its fourth prime auto securitization this year.

Wells Fargo agreed to buy about $32 billion in assets from General Electric and take on about 3,000 employees as the industrial giant retreats from financial services.

Ally Financial plans to issue $700 million in bonds backed by near prime auto loans.

The Massachusetts Educational Financing Authority is planning to issue $75 million of private student loan revenue bonds.

Fannie Mae is selling $1.2 billion worth of nonperforming loans, in an attempt to give borrowers other options besides foreclosure.

Santander is marketing another $794.12 million subprime auto loan securitization via its SDART program.

Exeter Finance's $300 million subprime auto loan securitization closed off a busy week for the asset class that also saw deals sponsored by Westlake, DriveTime and Santander marketing.

Issuance of U.S. collateralized loan obligations fell again in September, amounting to $4.9 billion, according to Thomson Reuters LPC.

Citigroup is back with a second securitization of Prosper's marketplace loans.

Lloyds Banking Group is its U.K. Permanent master trust and plans to offer bonds denominated in US dollars, UK sterling and euros, according to Moody's Investors Service.

Bank of America is getting some more mileage out of its Supreme Court victory in June.

If we can't identify adequate capital to bear mortgage credit losses when they are incurred, aren't we setting ourselves up for another series of bailouts in the next housing downturn?

The inclusion of a loan secured by Chicago’s Prudential Plaza in a recent CMBS is causing a stir. Some investors are on edge about the property’s recent financing history, which suggest sharply different appraisal values within weeks of each other.

Freddie Mac has taken out another reinsurance policy that transfers the risk that mortgages it insures will default.

Dutch mortgage lenders NN Bank and NN Leven plan to sell bonds backed by a portfolio of residential mortgage assets worth €595 million ($666 million), according to Moody’s Investors Service.

Velocity Commercial Capital took steps to verify the so-called “liar loan” included in a small balance commercial mortgage securitization, according to Kroll Bond Rating Agency, which rated the deal.

The Structured Finance Industry Group (SFIG) has hired Dan Goodwin as director of mortgage policy who will focus on mortgage backed securities policy issues.