Securitization

Brigade Capital Management is issuing its first collateralized loan obligation of the year.

Volkswagen extended its Driver auto loan securitization franchise into the French market via the €491 million ($650M)Driver France FCT Compartiment 2013-1 transaction.

John Deere priced $849 million of notes backed by equipment installment sale contracts,

Federal regulators on Wednesday proposed aligning new securitization requirements with a recent Consumer Financial Protection Bureau underwriting rule in a move likely to please banks and housing advocates.

The French reinsurer, SCOR Global Life plans to issue a mortality insurance –linked securitization called Atlas IX Capital Ltd.

Wells Fargo reported that auto loans outstanding increased at an 8.5% rate on a year-over-year basis in Q2 2013 but auto loan abs issuance has not kept pace.

Insurance companies have focused on higher yielding paper, within benchmark ABS asset classes in their 2013 new issue investments, according to a JP Morgan report.

Despite announcing that a deal would be ready in “weeks,” FeatherStone has yet to select a ratings agency to rate the deal, nor has the group selected a lead underwriter to lead the transaction.

Many banks in the auto lending business have been making investments that they hope will give them a more enduring edge; to the extent that bank are less likely to securitize these loans, this could impact securitization volume.

Total delinquencies in the Standard & Poor's Portuguese RMBS index decreased slightly in the second quarter of 2013, for the first time in 2 years.

Redwood Trust prepared to issue its 11th deal of the year that has been assigned preliminary ratings by both Kroll Bond Ratings Agency.

Moody’s Investors Service and Fitch Ratings have both given top marks to John Deere’s latest securitization of equipment installment sale contracts.

Rising interest rates slowed refinancing demand and whet homebuyers' appetites for adjustable-rate mortgages in July, according to Ellie Mae's monthly survey of mortgage loan applications.

Spreads on commercial mortgage backed securities have moved wider over the past two weeks on relatively light volume, according to research from J.P Morgan.

Octagon Credit Investors is planning a $376.50 million collateralized loan obligation, according to presale report by Standard & Poor’s.

John Deere is planning an $848.6 million securitization of agricultural and construction equipment loans, it second deal of the year.

Fannie Mae was able to extract an $11.6 billion mortgage-repurchase settlement from Bank of America this year — its largest to date — because the bank needed Fannie's approval to sell billions of dollars in servicing rights.

New Star Financial is marketing a $400 million middle market collateralized loan obligation.

Regulators have officially gone back to the drawing board in trying to implement Dodd-Frank Act restrictions on securitized mortgages.