Securitization

There is little proof that a doubling of guarantee fees in the last year by Fannie Mae and Freddie Mac has brought private investors back into the mortgage market, says the FHFA's inspector general.

Honda is planning to issue $1 billion of securities backed by auto loans, according to a filing with the Securities and Exchange Commission.

Goldman Sachs has established price talk on four classes of ‘AAA’-rated notes to be issued by its latest commercial mortgage backed securities conduit, GSMS 2013-GC13, according to a regulatory filing.

Discover Bank is planning a $500 million credit card debt securitization, according to a regulatory filing today.

Intermediate Capital Group priced a €400 million cash flow collateralized loan obligation, its third since the financial crisis.

U.S. issuers have engaged Standard & Poor’s to rate 35 collateralized loan obligations totaling $16.5 billion as of July 3, flat to the previous week.

Wyndham Worldwide is planning a $250 million timeshare loan securitization, according to Fitch Ratings.

Spreads on collateralized loan obligations appear to have stabilized in the secondary market after widening in June, according to Wells Fargo.

The agreement reached in the Senate on federal student-loan interest rates will not have much of an impact on overall demand for these loans

No surprise, Santander's $891.14 million subprime auto loan securitization priced wide of levels on deals that came to market last month.

Barclays is expanding its West Coast staff that handles commercial mortgage backed securities (CMBS), the bank said today in a release.

Volkswagen Credit Plans to issue a $1 billion auto loan securitization deal called Volkswagen Auto Lease Trust 2013-A

House Republicans unveiled sweeping legislation to unwind Fannie Mae and Freddie Mac and overhaul the mortgage finance system on Thursday — a plan that, as expected, contrasts sharply with bipartisan legislation pending in the Senate.

Despite the lack of activity last week, the market for asset-backed securities is benefitting from the sense that the repricing of the market has largely run its course, according to Deutsche Bank.

Goldman Sachs is preparing a $1.3 billion commerical mortgage-backed conduit dubbed GS Mortgage Securities Trust 2013-GC13.

More ways to deliver financing for European small and medium sized enterprises continue to focus on securitization as a solution.

Ginnie Mae is moving closer to merging the Ginnie I MBS program into the Ginnie II MBS program and now it is going to develop a blueprint to manage the consolidation.

Resolution of distressed legacy CMBS has helped improve delinquencies in the market but it doesn’t mean that these deals have escaped downgrades.

The reliance of asset-backed commercial paper conduits (ABCP) on liquidity agreements with banks means they will be affected by Basel III’s proposed liquidity coverage ratio (LCR).