Securitization

The proposed risk retention rules will limit structuring options for issuers of student loan securitizations looking for lower advance rates, according to a Fitch Ratings report.

Ally Financial priced an upsized offering of notes backed by lines of credit to auto dealers.

Deutsche Bank and Cantor Fitzgerald are marketing $813.87 million of commercial mortgage backed securities, according to a filing with the Securities and Exchange Commission.

Credit card securitization volume is slightly behind last year’s pace but with the heavy issuance seen this month, the year-end total for the asset class is likely to reach $40 billion, matching 2012 total issuance volume.

Ally Financial is prepping a $408 million securitization of dealer floorplan financing.

Nelnet is in the market with a $408 million student loan securitization that is backed by rehabilitated Federal Family Education Loan Program (FFELP) loans.

Specially serviced CMBS loans still awaiting resolution, are larger, complicated and unlikely to be resolved at the same rate of recovery seen in the industry since 2009, according to Fitch Ratings.

Home Credit & Finance Bank (HCFB) is planning a RUR10 billion ($314 million) consumer loan ABS bond, according to a Moody’s Investors Service presale report.

Toronto-Dominion Bank plans to stage a return of its lines of credit securitization deals via a new transaction dubbed Genesis Trust II, Series 2013-1, according to Moody’s Investors Service presale report.

Symphony Asset Management is marketing a $832.5 million collateralized loan obligation, according to a presale report by Fitch Ratings

The members of trade association The Structured Finance Industry Group (SFIG) have elected a new, 40-person permanent board, the organization said in a press release.

J.P Morgan Chase plans to issue up to $1 billion of notes backed by credit card receivables, according to a regulatory filing.

Moody's Investors Service assigned provisional ratings to to the third securitization of prime U.K. owner-occupied mortgages by Yorkshire Building Society.

Some features designed to make the safest private-label mortgage bonds even safer may not be such a sure thing after all, according to Moody’s Investors Service.

Banks are increasingly issuing credit cards to consumers with riskier credit profiles, at a time when consumers in financial distress are placing increased value on paying their mortgages ahead of their credit cards, according to two studies published last week.

Salus Capital Partners LLC has issued an additional $300 million of notes from a collateralized loan obligation that closed in February.

Ford is marketing a Canadian dollar denominated auto loan securitization that is backed by prime auto loan receivables originated in Canada

A pickup in issuance of mortgage backed securities has yet to affect pricing, according to analysts at J.P. Morgan.

Third party certification for solar projects significantly raises the industry bar for technical bankability and risk reduction for PV power plant operators, investors and financial entities.

The European Central Bank introduced loan-level data requirements for credit card asset-backed securities used as collateral in its operations subject to a 9-month phase-in.