Securitization

Fifth Third Bank priced its upsized $1.25 billion auto loan securitization yesterday afternoon.

Santander Consumer USA plans to place its $800 million 2013-A auto loan securitization via the Rule 144A market.

The post-recession revival of subprime auto lending has spurred concern in some quarters about excessive risk, but researchers at the Federal Reserve Bank of New York are not among those worried.

Kane SAC, a subsidiary of Kane, has launched a private catastrophe bond platform from which it has initially issue $9.5 million of Series 1-2013 notes.

CNH Capital America is marketing its third equipment lease securitization of the year, the $755.5 million CNH Equipment Trust 2013-C.

The proposed changes could result in downgrades of a single notch to one or two existing deals.

Two collateralized loans obligations, one from Oak Hill Advisors and the other from Invesco Senior Secured Management, add a combined $613.5 million to this week's pipeline.

Two Harbors is preparing to bring a $434.17 million RMBS deal called Agate Bay 2013-1, according to a Fitch Ratings presale report.

Deutsche Bank is Marketing a $485M Single-Asset CMBS backed by a mortgage on a Manhattan office building.

Another wave of pre-crisis private-label residential mortgage-backed securities is coming to the end of the line with substantial losses, according to a Standard & Poor’s report Tuesday.

DFG Investment Advisers has priced its second ever collateralized loan obligation called Vibrant CLO II in line with talk.

Kevin Blaser has been hired to take charge of the FeatherStone Investment Group's REO-to-Rental securitization platform, which the company said is weeks away from launching.

Ally Bank is planning its third securitization of the year from its Ally Master Owner Trust; the amount is not yet specified.

The number is also the fourth highest all-time record after 2006 at $135.8 billion, 2007 at $130.9 billion and 2005 at $66.8 billion.

The loan resolutions from a single CMBS transaction is behind the 40 basis point drop in delinquencies last month; the largest monthly decrease since the end of the recession, according to the latest monthly index results from Fitch Ratings.

3i Debt Management Investments is prepping a €309.6 million ($411.5 million) European collateralized loan obligation called Harvest CLO VII. The deal features five classes of senior floating-rate notes and subordinated notes.

Fifth Third Bank's $1 billion auto loan securitization is expected to price mid-week, according to a pricing term sheet.

Citigroup priced its Citiseries Class 2013-A3 and Class 2013-A4 notes today. The bank is also marketing a $900 million single-tranche offering of floating-rate Class 2013-A5 notes from the same trust.

The American Securitization Forum urged mortgage servicers and trustees to reject offers from the city of Richmond, Calif. to buy mortgages out of private trusts at deeply discounted prices or face eminent domain proceedings.