Securitization

The Structured Finance Industry Group wants more time to evaluate proposed revisions to rules governing reporting and disclosure requirements for asset-backed securities.

New Residential Investment Corp., a real estate investment trust, is preparing to issue $1.96 billion of securities backed by mortgage servicing advance receivables.

Moody’s Investors Service threw its hat into the ring, publishing its ratings methodology on single-family home rental securitizations

Santander Consumer Bank plans a €600 million securitization of German auto loans dubbed SC Germany Auto 2014-1 UG.

The subprime credit card market, long down for the count, may finally be poised for a comeback.

George Canellos, the SEC’s former co-director of enforcement, has joined Milbank, Tweed, Hadley & McCloy as global head of the litigation department.

Regulation AB governs registration, reporting and disclosure requirements for all things asset-backed. The Securities and Exchange Commission appears to be ready to update it significantly, but, nearly four years after changes were originally proposed, it’s not clear exactly what the Commission will do.

Housing boom-era mortage bonds, written off as “toxic waste” during the financial crisis, are performing better than expected.

View the year-to-date manager rankings through March 21 for the different ABS sectors, including real estate, credit cards, student loans, autos, and collateralized debt obligations.

While lawmakers continue to press regulators to exempt collateralized loan obligations from Volcker Rule restrictions, managers of these deals have found another workaround – and this one allows them to invest in bonds.

Managers and arrangers of U.S. collateral loan obligations have struggled to satisfy the European Union’s risk retention requirement. However, the final draft rules published by the European Banking Authority include a new concession that may assist U.S. managers in accessing an investor base in the region.

Dan Feshbach, founder and CEO of MeasureOne, thinks that disclosure of loan-level data can do for the student loan market what it did for mortgages.

The powerful storm surge produced by Hurricane Sandy has added momentum to the federal government’s efforts to farm out a portion of the risk now borne by the National Flood Insurance Program, and there appears to be a strong appetite in the private market.

Aegon Nederland N.V. plans to issue Dutch RMBS via its SAECURE series. Sizing on the deal, SAECURE 14 will depend on investor interest and has not yet been determined.

Despite being rated 'Caa1' by Moody's, the deal from Privatbank has exhibited low delinquencies and a enormous credit enhancement for the outstanding tranches.

The powerful storm surge produced by Hurricane Sandy has added momentum to the federal government’s efforts to farm out a portion of the risk now borne by the National Flood Insurance Program (NFIP), and their appears to be a strong appetite in the private market.

U.K. lender Paragon plans to issue £350 million ($483 million) of bonds backed by first lien buy-to-let home loans.

Managers and arrangers of U.S. collateral loan obligations have struggled to satisfy the European Union’s risk retention requirement. However, the final draft rules published by the European Banking Authority include a new concession that may assist U.S. managers in accessing an investor base in the region.

In yet another roadblock for future deals, January cashflows reported by Blackstone’s inaugural securitization of single-family rentals fell short of expectations.