Securitization

Moody’s Investor Service is considering changing the way it rates covered bonds to take into account the additional support they would receive in the event of a bank failure.

Paragon Mortgages priced its first U.K. buy-to-let transaction of 2013 to strong investor demand, according to a Deutsche Bank report.

RealtyTrac and RentRange revealed the top 25 single family rental markets that have the highest gross rental yields in counties where institutional investor purchases accounted for less than 5% of sales in the three-month period ending in July.

Consumer Portfolio Services plans to issued its third subprime auto loan securitization of 2013.

PennyMac is set to plot its first prime RMBS issue via the $550.46 million PMT Loan Trust 2013-J1.

The U.S. Federal Reserve’s decision to maintain its bond purchases is likely to boost mortgage volume over the near term, and could also give some lift to RMBS volumes.

Garrison Capital, a lender to middle market companies, has securitized some additional loans on its balance sheet.

Regional banks like M&T Bank and Fifth Third Bank find that their relative inexperience in Auto ABS issuance is reflected in the wider spreads relative to more experience captive finance auto ABS issuers.

Citigroup and Goldman Sachs priced an offering of $989.54 million of commercial mortgage backed securities, according to a regulatory filing.

American Express priced an upsized offering of $777.77 million of five-year notes from its American Express Credit Account Master Trust, according to a regulatory filing.

Nine states prevailed last week in arbitration with tobacco companies in their dispute over the size of 2003 payments due under the 1998 master tobacco settlement, providing a boost for their outstanding tobacco bonds.

The Federal Reserve won’t taper its MBS purchasing program, despite some improvement in the U.S. economy and contrary to what securitization market industry players expected.

A rebound in subprime auto loan securitization comes with the relaxation of lending standards by originators looking to fuel loan growth.

It’s official: Hilton Worldwide’s mega commercial mortgage backed securitization weighs in at $3.5 billion.

Vornado Realty Trust (VNO) may soon look to dispose of its J.C. Penny and Lexingto Realty Trust holdings, in a move that would simplify the real estate investment trusts’s non-core holdings said Fitch Ratings.

Angelo, Gordon & Co. is working a $350 million collateralized loan obligation, its first of 2013.

Two subprime auto deals for a combined $477 million are slated to close next week, according to pre-sales from Standard & Poor’s.

The Royal Bank of Canada lined up a new securitization backed by a pool of credit card receivables , according to a Moody's Investors Service presale report.

Sallie Mae plans to inject the primary pipeline with a $624 million dose of private student loan-backed securitization, following up on its FFLEP-backed student loan ABS issued last week.