Securitization

Chinese auto loan securitization, initially destined for a largely domestic investor base, is taking off.

Silver Bay priced its inaugural single-family rental securitization backed by by 3,089 properties.

Westfield plans to issue £750 million of commercial mortgage-backed floating rate notes to refinance a five-year loan secured by the Stratford mall in London.

European collateralized loan obligations underperformed other types of securitization in the region in the first half of 2014, but Barclays expects CLOs to catch up on some of the ground they lost.

Citigroup plans to issue non-conforming, U.K. residential mortgage backed securities in a deal that is backed both by buy-to-let mortgages and non-conforming purchase loans.

Volkswagen announced today that it priced its CNY800 million ($128 million) securitization of Chinese auto loans.

Goldman Sachs International priced a €200 million ($270 million) multi-loan Italian CMBS dubbed Moda 2014 that is backed by two loans that are secured on retail outlets and shopping centers.

Barclays Bank, operating under its trading name Barclaycard, is planning its first credit card securitization of the year, according to a presale report published by Standard & Poor’s.

U.K. lenders Paragon Mortgages and Precise priced over £500 million of senior securities backed by residential mortgages last week.

IKB Deutsche Industriebank AG plans to issue a rare deal backed by equipment lease receivables from small and medium-sized German entities.

Social Finance’s second “peer-to-peer” lending securitization deal, SoFi Professional Loan Program 2014-A, has been assigned a preliminary ‘A’ ratings by DBRS.

Wyndham Worldwide plans to issue $250 million of securities backed by timeshare receivables, the issuer's second deal of the year.

Eleni Skordaki has joined Dechert's finance & reale state practice as partner in the London office.

A nonbank mortgage servicer that took on more loans than it could handle ended up delaying payments to Fannie Mae and Freddie Mac, according to a government watchdog report.

Referring to the criteria for Prime Collateralized Securities as “a living construct,” the PCS initiative today said it had revised what determines whether a securitization receives this label of high-quality or not.