Securitization

Former Congressman Barney Frank, co-author of the Dodd-Frank Wall Street Reform Act, is not opposed to changes in the eponymous legislation, but in some cases he thinks the rules should be tightened, rather than loosened.

The upcoming ABCP regulations which panelists coined as the “Wheel of Torture” doesn’t reflect the fact that for the last seven years, ABCP has been a plain vanilla product,

U.K. building society, Nationwide is marketing a securitization of residential mortgages to be issued from its Silverstone Master Trust.

Bank of America Merrill Lynch priced €286 million ($331 million) of securities backed by three private equity-sponsored commercial mortgage loans that are secured on 14 office and retail centers located in Italy.

As part of its asset backed securities purchasing program (ABSPP) launched in November, the ECB is buying portions of senior tranches and encouraging market investors to join in.

The deal called Consumer Credit Origination Loan Trust 2015-1 will offer a total of $377.85 million of securities backed by unsecured consumer loans originated and serviced through the online platform operated by Prosper Funding, the world’s second largest P2P lender.

The industry may be hoping the Supreme Court kills the unpopular “disparate impact” theory via a pivotal Texas case argued Jan. 21, but some of the justices’ statements left analysts skeptical that the legal basis used in fair lending cases will end.

Structured finance professionals aren’t losing much sleep over a new regulation barring federally-insured banks from engaging in certain kinds of swaps with vehicles that issue asset-backed securities

Progress Residential priced its second securitization of single-family rental properties.

Volkswagen Bank said today that it sold two tranches from its Driver Thirteen, German auto loan securitization at the lower end of price talk.

Bank of America Merrill Lynch is marketing €286 million ($331 million) of securities backed by three commercial mortgage loans on 14 office and retail centers located in Italy.

Standard & Poor’s agreed to a one-year suspension from rating commercial mortgage bond conduits and $77 million in fines to settle charges with the Securities and Exchange Commission and two state attorneys general.

Avis Budget Car Rental and American Honda Finance Corp. added $1.6 billion to the pipeline of auto-related asset backed securities Tuesday.

Progress Residential plans to follow up on its debut securitization with a second deal that securitizes a $563.0 million loan secured by 4,028 single-family rental homes.

Invitation Homes is sticking to the same large loan model of past single family rental securitizations in its first deal of 2015.