Securitization

AH4R American Homes 4 Rent has completed its second single-family rental securitization of the year, the sponsor announced in a press release today.

Volkswagen Financial Services will tap its Spanish auto loan receivables on its upcoming Driver Trust securitization.

Expect less anxiety about impending regulations and more talk about deteriorating credit quality when securitization market participants convene in Miami next week.

Bank of America Merrill Lynch plans to securitize two European commercial mortgage loans worth €186 million.

Moody’s Investors Service just flagged a risk in bonds backed by single-family rentals: there aren’t enough special servicers. Right now, the field is limited to two players: Midland Loan Services and Situs Holdings.

Platform Funding and Paratus AMC (formerly known as GMAC-RFC) pooled £1.85 billion of U.K. residential mortgage loans originated in 2007 and 2007, according to Standard & Poor’s

Leeds Building Society is marketing securities backed by a £700 million pool of U.K. prime residential mortgages from the issuer’s Albion U.K. RMBS trust.

Volkswagen Financial Services U.K. is pooling £750 million of U.K. auto loans to back sterling denominated bonds issued from its UK Driver trust.

Dutch mortgage lender Obvion, which is a subsidiary of Rabobank, is marketing a securitization backed by Dutch residential mortgage and construction loans.

Mortgage securitizer Ginnie Mae could get hit if a proposed deadline for filing claims on FHA-insured loans goes into effect.

GMAC-SAIC Automotive Finance Co. is rolling out a RMB 3 billion ($470 million) securitization of short-dated Chinese auto loans, according to Moody’s Investors Service.

Citigroup subsidiary Dukinfield Mortgages, formerly known as Future Mortgages, plans to offer £485 million ($747 million) of securities backed by non-conforming, residential U.K. mortgages.

Midgard Prosjekt I ASA (to be renamed Skandiabanken Boligkreditt) plans to offer NOK17 million ($2.05 million) of covered bonds backed by a NOK13 billion pool of Norwegian residential mortgages.

Joshua Baumgarten will leave The Blackstone Group in 2016 for Angelo, Gordon & Co. where he has been named head of credit.

Caja Rural de Castilla-La Mancha plans to issue €700 million ($802 million) of Spanish covered bonds that are backed by a €1.96 billion pool of mortgages.