Securitization

Problems in the office sector has led to a rise in loan delinquencies pooled in commercial mortgage-backed securities -- for the first time in 10 months, Fitch Ratings said.

Analysts at Trepp said in a report today that the conduits pricing this week are at levels wider than March pricings.

Harley-Davidson plans to issue a $650 million securitization backed by motorcycle loans, according to a deal prospectus filed with the US Securities and Exchange Commission.

Cantor Commercial Real Estate Lending, German American Capital Corporation and KeyBank priced a $631.76 million of commercial mortgage backed securitization; a triple-A, 2.33-year class of notes yields 0.712%.

JP Morgan Chase plans to launch a $500 million credit card ABS transaction.

Sallie Mae plans to issue its first residual student loan ABS deal in over a decade, according to Fitch Ratings.

An April 2 ruling on RMBS loans in breach of representations and warranties given by a bank is credit positive for investors of both residential and commercial mortgage backed securities, according to Moody’s Investors Service.

A judge has ruled that Bank of America does not have to defend itself against a lawsuit filed by the Federal Deposit Insurance Corp. on behalf of a failed bank.

consolidation among managers of collateralized loan obligations has slowed

Auto ABS remains adequately protected from a potential rise in losses, according to Deutsche Bank.

Arbor Realty Trust plans to issue CLOs backed by commercial real estate on a regular basis, Gene Kilgore, executive vice president of structured securitization said today.

US Airways priced two tranches of enhanced equipment trust certificates totaling $819.61 million, according to a pricing document.

The biggest impediment to the recovery of the European CLO market is the lack of loan issuance in the region, according to panelists at IMN's industry conference.

Citigroup plans to bring a $1.2 billion conduit CMBS deal called Citigroup Commercial Mortgage Trust 2013-GCJ11,

Gleacher & Co. said it is closing its MBS and rates, and credit product businesses effective immediately. It will remain in the investment banking business.

This is only days before the American Securitization Forum (ASF) is scheduled to host its annual conference, also in Last Vegas.

Consel SpA an Italian consumer credit company plans to issue Monviso 2013, a €348 million ($454M) securitization deal backed by Italian consumer and personal loans, according to a Standard & Poor’s presale report.

Toyota Motor Credit Corporation priced its upsized $1.25 billion auto receivables-backed securitization deal on Tuesday.

Pricing has emerged on a $500 million collateralized loan obligation that Bank of America is marketing for CVC Credit Partners.