Securitization

Final bank capital rules are likely positive for non-agency remics and mildly positive for some other assets, such as bonds backed by student loans, according to Barclays.

GoldenTree Asset Management appears to have added a €59 million subordinated class to a European collateralized loan obligation it is marketing.

Redwood Trust issued its ninth prime residental mortgage-backed securitization from its Sequoia trust of the year, worth $431.157 million.

GC Securities completed the latest catastrophe bond transaction for Munich Re. The deal, called Queen Street VIII Re Ltd., is the first cat bond in this series to feature Australian cyclone risk.

The issuance of non-agency residential mortgage-backed securities (RMBS) so far in 2013 is approaching the $11 billion mark, according to Standard & Poor's.

The Trepp CMBS Delinquency Rate posted a 42-basis-point drop to 8.65% in June, the lowest level in almost three years.

U.S. residential mortgage backed securities serviced by Nationstar will recognize about $1 billion of losses as the result of loan modifications, according to Fitch Ratings.

Standard & Poor’s assigned 'BB-' ratings to the class A notes issued by Renaissance Re and DaVinci Re $150 million catastrophe bond called Mona Lisa Re (Series 2013-2).

The doubling of interest rates on new government guaranteed student loans could actually benefit some holders of bonds backed by existing loans, according to Fitch Ratings.

Two commercial backed mortgage securities conduits, one offered by JP Morgan and another by Deutsche Bank, Cantor Fitzgerald and UBS, priced this week at wider spreads than recent deals.

Springleaf Financial is issuing a $875.499 million subprime mortgage-backed securitization.

Horizon Technology Finance Corp., a specialty finance company, has issued $90 million of notes backed by secured loans to technology and healthcare start-ups.

Neil Odom-Haslett will join Standard Life Investments as head of commercial real estate lending in August and will lead the company's entry into the U.K. commercial real-estate market.

Interest rates on Federal Direct Subsidized Loans today doubled to 6.8% from 3.4%; but the higher rates won’t have too much of an impact on securitization deals backed by these loans.

Investors at an S&P roundtable said that differences among mortgage-backeds in the caliber of their rep and warranty providers has't translated into differences in deal pricings.

Fitch Ratings today released its analysis of GSE historical mortgage loan-level credit performance data to help investors looking into the upcoming “credit-sensitive” securitization proposals by Freddie Mac.

Improving liquidity in the broader financial markets failed to stem the widening in spreads on asset-backed securities last week, according to J.P. Morgan.

Guggenheim Securities is marketing $350 million of aircraft lease backed securitties according to a Standard and Poor's.

Credit Suisse plans to securitize the residual interest on a legacy private student loan ABS in its latest deal called Credit Suisse ABS Repackaging Trust 2013-A (2013-A).

View the year-to-date manager rankings for the different ABS sectors, including real estate, credit cards and autos.