Securitization

Santander Consumer USA is bringing its fifth subprime auto securitization of they year to the public market.

So far this year, securitization of loans to small and medium-sized companies totals $4.9 billion, according to Wells Fargo.

American Express is prepping a new credit card securitization worth $595 million, according to a presale from Fitch Ratings.

The deal, CIT's first this year, is one is backed by 29,644 small-ticket equipment lease contracts with a statistical contract principal balance of $529,676,998.

The latest two commercial mortgage securitizations to join the new-issue pipeline couldn’t be much more different.

By far the most prolific issuer of RMBS post-crisis, the REIT is readying a $325 million backed by prime jumbo mortgages.

“Direct exposure to either J.C. Penney or Sears is typically highest in seasoned deals where there are only a small number of loans remaining, and one is secured by a retail property,

JPMorgan may be trying to put the sins of the past behind it; however, put-back risk for the industry is alive and well despite efforts by the federal government to impose what it deems to be appropriate mortgage underwriting standards.

The peer-to-peer lending platform expanded into new territory at the beginning of October when investment management firm, Eaglewood Capital announced the completion of the first securitization of peer-to-peer consumer loans.

Volkswagen will stage a return to market with its $1 billion retail auto loans deal issued from its auto loan enhanced trust.

The $746.8 million deal is the lender’s sixth securitization of Federal Family Education Loan Program (FFELP) non-consolidation loans so far this year.

SolarCity plans to issue a $54.42 million private placement of solar asset backed notes, the company said in a press release today.

View the year-to-date manager rankings through Nov. 15 for the different ABS sectors, including real estate, credit cards and autos

Trepp’s CMBS delinquency rate hit a new low of 8% in October, a level this asset class hasn’t seen since early 2010.

Direct exposure to either J.C. Penney or Sears is typically highest in seasoned deals where there are only a small number of loans remaining, and one is secured by a retail property.

There's been a resurgence of issuance in bonds backed by both shipping container leases and aircraft operating leases. They share keysimilarities: highly cyclical industries, utilization and lease rate dynamics, and weak(er) lessee profiles/concentrations.

A pick-up in structured finance transactions from life insurance companies based in New York is likely to happen soon because the state recently decided to stop testing a new framework for calculating reserves.

A pick-up in structured finance transactions from life insurance companies based in New York is likely to happen soon because the state recently decided to stop testing a new framework for calculating reserves.

Banks have been slow to make credit cards available again to subprime borrowers; that's starting to change.