Securitization

American Money Management Corp.’s latest collateralized loan obligation includes a $240 million delayed draw tranche, according to Fitch Ratings.

GLG Ore Hill and Anchorage Capital are each planning a $400 million collateralized loan obligation.

Standard & Poor’s said today that Raith Capital is set to become a more active buyer of B-piece paper in CMBS deals.

Delinquencies on commercial mortgages that back securities inched up in May as resolutions fell, according to Trepp.

The Pennsylvania Higher Education Assistance Agency is prepping a $583 million securitization of Federal Family Education Loan Program loans, according to Standard & Poor’s.

PHH Corp. is in the market with a $450 million auto lease-backed securitization called Chesapeake Funding LLC, Series 2013-1 – its debut deal for 2013.

The Carlyle Group priced a 300 million collateralized loan obligation, demonstrating that regulatory concerns haven't shut the European pipeline down.

Moody's Investors Service thinks Sallie Mae's planned split is "credtit negative" for private student loan backed securities.

Mortgage modifications led to more than $1 billion of unexpected retroactive losses on 170 US RMBS, which are credit negative for these deals, according to Moody’s Investors Service.

Standard & Poor’s assigned preliminary ratings to the new auto loan receivables originated by Santander Consumer (UK), called Motor 2013-1 PLC.

HSBC and Lloyds TSB are arranging a £380 million ($580 million) CMBS that is backed by UK student housing, according to a Standard & Poor’s presale report.

View the year-to-date manager rankings through May 24 for the different ABS sectors, including real estate, credit cards and autos.

The commercial mortgage-backed securities market’s near miraculous turn around and the bonds’ plunging spreads, as well as indications of deteriorating credit quality, suggest buyers should beware.

In late April, the Turkish Catastrophe Insurance Pool issued its first catastrophe bond; conditions would seem are ripe for other emerging markets to follow suit.

Llyods TSB proceeded with a portion of its $8.7 billion of legacy non-agency RMBS paper on Thursday afternoon, selling the paper to four different groups.

Draghi looks to ABS market as way to lift Europe’s small businesses —and economy.

EverBank plans to tap the capital markets with its second RMBS deal of the year, a $303.3 million deal called EverBank Mortgage Loan Trust 2013-2.

Anchorage Capital is prepping a $412 million collateralized loan obligation, according to Fitch Ratings.

Redwood Trust yesterday filed a registration statement with the Securities and Exchange Commission for its eighth jumbo mortgage securitization of the year.

Clydesdale Bank announced the latest series of notes to be issued from its U.K. RMBS master trust program, Lanark that will offer both U.S. dollar and sterling tranches.