Securitization

The delinquency rate for legacy CMBS transactions rose in May after having posted its low reading in the previous month, according to Credit Suisse.

Sallie Mae’s proposal to split itself into two publicly traded separate entities -- an education loan management and a consumer banking company -- would be neutral to mildly positive for the company’s ABS.

Nationstar plans to issue over $2 billion in servicer advance and deferred servicing fee receivables-backed bonds.

Ford Motor Credit wants to further reduce its reliance on the asset-backed market, according to Sam Smith, director of long-term funding and securitization.

Fitch Ratings see a growing risk of weaker enforcement of mortgage contracts in Spain.

The Consumer Financial Protection Bureau is pushing for private student lenders and the government to help lower payments for borrowers after receiving thousands of complaints from consumers.

European collateralized loan obligations issued pre-financial crisis are nearing the end of their reinvestment periods, yet the maturities of the loans that serve as collateral continue to shift further out into the future.

The latest generation of European CLOs may expose investors to a risk that didn’t exist in most collateralized loan obligations issued before the financial crisis: fluctuations in foreign exchange rates.

The Structured Finance Industry Group’s first executive director hails from an issuer.

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.

A bipartisan group of senators led by Sen. Bob Corker, R-Tenn., is drafting legislation designed to reform the housing finance system, including a plan to wind down the government-sponsored enterprises.

Issuance of securitizations of prime auto loans is falling short of the pace in 2012, a trend that analysts from Wells Fargo ascribe partly to a shift in consumer behavior from buying to leasing.

A large portfolio sale of collateralized debt obligations reportedly planned by Royal Bank of Scotland is set to test market appetite for non-agency residential mortgage-backed securities.

The Prime Collateralised Securities initiative, announced a year ago, has been adopted by issuers but it still gaining credibility with regulators.

Sallie Mae said today during a conference call that plans to divide the company into two distinct businesses signals the next chapter for the student loan originator in a post- Federal Family Education Loan Program (FFLEP) environment.

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

As the U.S. hurricane season approaches, catastrophe bond sponsors are taking advantage of a surge in investor enthusiasm to renew existing deals at much lower rates and expand or initiate programs.

Deutsche Bank is marketing a $500 million collateralized obligation for Western Asset Management that includes a delayed-draw tranche of notes.

Standard & Poor’s said in a report today that despite the weakening credit fundamentals for Dutch RMBS, collateral pools to date remain broadly stable.