Securitization

Data provider Lewtan has launched a service that provides information about loans used as collateral for European residential mortgage-backed securities and securitizations of loans to small and medium-sized enterprises.

At €10 billion, European CMBS maturities will slow down in 2014 compared to the €16 billion maturing in 2013; but loans will compete for refinancing opportunities with the backlog of existing specially serviced loans, according to Standard & Poor's.

The Consumer Financial Protection Bureau finalized a rule Tuesday that allows it to supervise the largest nonbank student loan servicers in the country.

Paragon Mortgages, the specialist U.K. buy-to-let (BTL) lender, said it plans to do two securitizations per year, with the next deal planned for spring 2014.

The U.S. ABCP market remains on its path of decline, with total outstandings falling 18% so far this year, according to Fitch Ratings.

Goldman Sachs International Bank and Societe General priced Italy’s first post-crisis CMBS backed by a loan secured on Italian retail properties, according to market reports.

Here's a puzzle of modern finance: during a period when borrowing costs are at rock-bottom levels and tens of millions of borrowers have refinanced their mortgages, it remains impossible for many gainfully employed Americans to refinance their student loan debt.

Barclays expects issuance of collateralized loan obligations in 2014 to be similar to this year’s total, in the range of $75 billion to $80 billion.

Diamond Resorts International has closed on a $225 million offering of bonds backed by vacation timeshare loans.

The deal called Auto ABS German Loans Master is the fifth German auto loan securitization transaction originated by Banque PSA, a subsidiary of Peugeot.

Americans continued to cut back on credit card debt and reduce late payments in the third quarter, according to a new report from TransUnion.

Hertz priced an upsized offering of $500 million of bonds backed by fleet leases, according to a person familiar with the transaction.

California Republic Bank priced $247 million of bonds backed by subprime auto loans, according to a regulatory filing.

The swelling trillion-dollar student loan market is missing key data and regulations necessary to head off another financial crisis, according to Rohit Chopra, the Consumer Financial Protection Bureau’s top official in charge of dealing with student loans.

A consensus of expectations among CMBS investors polled by J.P. Morgan is for new issuance to reach $90 billion in 2014.

CIT Group closed an upsized, $750 million equipment lease securitization.

In a sign of the interest among U.S. professionals in refinancing their federal student loan debt, start-up lender Social Finance is planning its first loan securitization.

$40.5 million tobacco settlement securitization is in the works, but this one is backed by fees paid to law firms, rather than states that were parties to the 1998 year Master Settlement Agreement

A German auto loan securitization and two dealer floorplan transactions backed by German auto receivables are marketing in Europe this week.