Securitization

Fitch Ratings has rated the first residential mortgage-backed securitization from Shellpoint Partners, a multi-tranche deal worth $261 million

Nations Equipment Finance completed a $153 million term securitization of equipment lease and loan backed notes.

Shellpoint Partners, the home lender founded by mortgage-bond pioneer Lewis Ranieri, is close to pricing its first securitization, according to a a person familiar with the deal.

In a research report published today, Moody’s Investors Service said that risk factors are still on the rise for U.S. subprime auto asset-backed securities.

Standard & Poor’s said that severe delinquencies among residential mortgage-backeds tracked by the agency hit a historic peak of 5.38%.

Pillar Capital has appointed Stephen A. Velotti Chief Executive Officer effective immediately, the Bermuda-based insurance asset management company said in a press today.

The announcement comes after the firm just closed its €350 million collateralized loan obligation.

Analysts at Barclays forecast a total of €46 billion ($61 billion) in publicly-placed securitization issuance for 2013, according to their mid-year outlook.

Ally Financial is plans to issue $508.21 million of auto receivables-backed notes.

As measured by balance, nearly 90% of commercial mortgage-backed securities that came out before 2009 and are still alive suffer from interest shortfalls.

Ocwen Financial (OCN) is one of several servicers bulking up in subprime in hopes of a day when it is no longer a dirty word.

CVC Credit Partners is marketing a $600 million collateralized loan obligation, according to Moody’s Investors Service.

Nelnet is preparing a $453 million securitization of federally guaranteed student loans, its fourth of the year.

Sallie Mae has appointed Steven McGarry as senior vice president of corporate finance.

Iconix Brand Group priced an upsized offering of $275 million of notes backed by licensing fees.

U.S., U.K. and Canada credit card performance will remain stable for the remainder of 2013, with Canada more sensitive to unemployment rate moves.

Credit Suisse is planning to issue a £200.2 million ($314 million) securitization backed by U.K. buy-to-let and owner-occupied non-conforming residential mortgage loans, from its Alba series.

Sallie Mae sold $225 million of BBB-rated bonds with a 3.05-year weighted average life and a 3.5% coupon rate via its SLM Student Loan EDC Repackaging Trust 2013-M1.

Ford Motor Co. priced its Series 2013-3 and Series 2013-4 auto floorplan-backed securitizations, according to a Securities and Exchange Commission filing.

Hyundai Capital America plans to return to the securitization market with a $1.5 billion auto loan securitization deal issued from its auto receivables trust.