Securitization

GMAC plans a £100 million U.K. auto loan securitization, E-Carat 4, according to presale reports.

Virgin Money is returning to the market with a securitization of U.K. residential mortgage securities under its Gosforth master trust program.

Santander Consumer Bank plans to issue €700 million ($918 million) of securities backed by Norwegian auto loan receivables under its Bilkreditt trust.

Issuance of European syndicated corporate leveraged loans stands at record $53.7 billion for the year to date, according to Dealogic.

Mercedes Benz Bank plans to issue €800 million in securities backed by German loan receivables for cars, vans, trucks, and buses.

The Securities and Exchange Commission has adopted a rule requiring more disclosure about the quality of loans in asset-backed securities.

Bank of America Merrill Lynch has increased its forecast for issuance of bonds backed by airplane and railcar leases and timeshare loans and other non-traditional asset classes for 2014 by $5 billion to $20 billion.

On Wednesday the Securitization and Exchange Commission will consider whether to adopt rules revising the disclosure, reporting and offering process for all things asset-backed.

Volkswagen Financial Services plans to issue a securitization backed by U.K. auto loans, according to Standard & Poor’s.

Consumer credit default rates continued declining to historical lows in July, according to S&P Dow Jones/Experian.

Delta Lloyds' latest Dutch residential mortgage securitization has an innovative work around to regulations that make it unattractive to use swaps to hedge interest rate mismatch.

Chalkhill Partners plans to issue a large loan, agency style U.K. CMBS that is secured by student housing, according to a Standard & Poor’s presale report.

The wider pricing on American Residential Properties debut $342.2 million single-family rental (SFR) bond shows that investors continue to pull back on the aggressive pricing the bonds experienced at the start of the year.

American Residential Properties may have to pay up for its inaugural single family home rental securitization if the widening trend, as evidenced in the latest Invitation Homes pricing, persists.