Securitization

Groupe Banque Populaire, Caisse D’Epargne's €50 billion ($68.5 billion) RMBS program with a 10-year revolving period is the second French deal backed by mortgage securities to be issued this year, according to Standard & Poor’s.

The deal, A-Best 9, is backed by auto loan contracts underwritten to private borrowers for both new and used cars.

Moody’s Investors Service said today that the lens for assessing credit risk in single-family rental securitizations (SFRs) backed by loans to multiple borrowers is different than the one used for SFRs backed by loans to single borrowers.

Assured Guaranty is wrapping a just-priced deal from Turkey’s Garanti Bank, according to a release from the insurer.

Ford Motor Co.'s European lending arm, FCE Bank, plans to issue €543.5 million ($745 million) of securities backed by German auto loan receivables.

A new funding alternative for energy efficiency lending could help the U.S. meet the $200 billion shortfall in financing to make homes more energy efficient.

EFG Private Bank’s RMBS is backed by loans that are secured by London and South East England properties.

Credit Foncier de France is marketing the first securitization of French residential mortgage since 2006, according to Moody’s Investors Service.

A two-year extension to the deadline for banks to conform CLO holdings to the Volcker Rule doesn't apply to all, the Federal Reserve says.

Despite regulatory hurdles, participants see nothing in the way of issuance reaching $60 billion to $70 billion this year.

Finke says the industry needs to address the lack of understanding about its performance and role in the economy.

The deal, Moorgate Funding 2014-1, will offer £510 million ($858 million) of notes backed by first-lien, U.K. non-conforming residential mortgages owned by Kilimanjaro AM.

The Euro Secured Notes Issuer, a securitization vehicle set up by 5 French banks to fund loans to smaller companies, made its debut issuance this month, selling €2.6 billion of bonds.

Florida’s Citizens Property Insurance Corp. upsized its latest catastrophe bond – twice— to $1.5 billion before pricing it Thursday.

The young business of large-scale single-family rental companies is profiting from the housing bust in more ways than one.

The deal, which is rated by Standard & Poor's, will offer £242.53 of notes backed by higher-risk U.K. mortgages.

At an IMN conference, Tom Finke laid into a recent article in Fortune likening CLOs to both CDOs and troublemaking legacy RMBS. His message is CLO pros have to be better self-advocates.