Securitization

As July came to a close, it was clear to everyone at ASR that the structured finance market was not about to take a vacation.

DFG Taps Goldman Vet, Barclays Bulks Up on CMBS, Ares Adds Jeffrey Kramer and the ASF Retains Mike Williams as Policy Adviser

Structural improvements means ratings of shipping container lease securitizations are less closely tethered to those of their sponsors.

Banks have been largely reluctant to securitize the auto loans they make; California Republic Bank is an exception.

A shift in the leveraged loan market has intensified grumbling among CLO managers about the way Standard & Poor’s rates the senior tranches of these deals.

An asset-backed vehicle designed to offload insurer risk and fund excess reserves gets a fresh look.

Structural improvements means ratings of shipping container lease securitizations are less closely tethered to those of their sponsors.

Banks have been largely reluctant to securitize the auto loans they make; California Republic Bank is an exception.

A shift in the leveraged loan market has intensified grumbling among CLO managers about the way Standard & Poor’s rates the senior tranches of these deals.

Bypass - An asset-backed vehicle designed to offload insurer risk and fund excess reserves gets a fresh look.

With the increased competition squeezing margins industry-wide, some banks are prepared to tap the brakes on auto lending.

In July, the delinquency rate for U.S. commercial real estate loans in CMBS dropped to 8.48%, a 17-basis-point drop since June’s reading and a 123-basis-point improvement since the start of 2013, according to Trepp.

Covered Bond issuance volumes have dropped 39% compared to the same period in 2012, on the back of better financing options offered by the European Central Bank, according to a report published by CMDPortal.

CarMax priced an upsized, $1 billion of notes backed by prime auto loans; the 3.72-year, AAA-rated class yields 40 basis points over swaps.

The certificates are backed by interest in 21 new Boeing aircrafts scheduled to be purchases by the airline.

National Mortgage Insurance Corp. will insure about $5 billion in residential mortgages in Fannie Mae’s first risk transfer transaction, contingent on regulatory approval.

Should the European Commission and European Investment Bank follow through on proposals to spur lending to small and medium companies.

These deals are seeing an increase because car sales are picking up, meaning that makers are loaning more to dealers.

Nissan Motor Acceptance Corp. (NMAC) is motoring into the primary market with a $1 billion deal backed by prime auto loans, according to a presale report by Fitch Ratings.