Securitization

Freddie Mac plans to issue $1.3 billion in mortgage-backed securities. The notes are expected to price this week, according to a press release on the deal.

PNC Financial Services Group has begun winding down Market Street Funding, an asset-backed commercial paper conduit that funds credit for corporate clients.

Price guidance on Toyota Motor Credit Co.’s auto loan deal and Ford’s dealer floorplan securitization deal was issued on Friday.

Toyota Motor Credit and Hyundai Capital America have added over $2 billion of auto ABS to the pipeline.

The $1.4 billion deal is backed by prime quality loans, but the pool is highly concentrated in New York and Pennsylvania, according to Moody's Investors Service.

CMBS loans in special servicing decreased in August but the recovery rate on liquidated CMBS loans dipped, according to the latest quarterly index results from Fitch Ratings.

JPMorgan Chase is getting out of the student loan business due to stiff competition from federal lending programs

World Omni Financial Corp. is preparing to issue $783 million of bonds backed by leases on Toyota and Scion branded automobiles and light-duty trucks

The city council of North Las Vegas, Nevada voted unanimously last night to terminate plans to use eminent domain to seize underwater mortgage loans from private label securitizations trusts.

Santander Consumer Bank priced Bilkreditt 4 a Norwegian auto loan securitization to strong investor demand, according to market source.

Guy Carpenter Taps Willis Re Vet Dorothée Mélis-Moutafis as a managing director in the property solutions group

Fannie Mae hosted an investor call Wednesday to present an overview of its approach to single-family credit risk management, a spokesman confirmed.

Colony American Homes announced today that it closed a $500 million credit facility with J.P. Morgan that will be used to acquire single-family homes across the U.S.

American Capital is marketing a $400 million collateralized loan obligation, according to Standard & Poor’s; Citigroup Global Markets it the arranger.

Deutsche Bank priced a re-REMIC of AAA-rated CMBS, today according to market sources.

An increase in E-cigarette use would further reduced cashflows to tobacco settlement securitization bonds and negativelyimpact their ratings, according to Fitch Ratings.

Prime credit card ABS performance registered positive gains across the board in August, but retail card ABS didn’t fare as well, according to the latest monthly index results from Fitch Ratings.

The issuance of U.S. commercial mortgage-backed securities (CMBS) has totaled $56 billion so far this year, handily beating the $48 billion place in all 2012.

Sallie Mae is working on the first student loan securitization in nearly a month.