Securitization

A court ruling this week dismissed all claims from Dexia against JPMorgan, Washington Mutual and Bear Stearns over losses on mortgage-backed securities.

AmeriCredit priced its $1.1 billion securitization of subprime auto loans on Wednesday, according to pricing document.

Goldman Sachs is readying a $230 million, single borrower commercial mortgage-backed securitization that is backed a loan secured by Pembroke Lakes Mall in Pembroke Pines, Florida.

Late payments in U.S. credit card abs rose only slightly in march, according to fitch ratings

Fitch Ratings’ new analytical tool will improve its surveillance of Federal Family Education Loan Program student loan ABS and may lead to upgrades on the floating rate subordinate bonds in these deals.

UBS and Barclays are marketing a $1.2 billion multi-borrower commercial mortgage-backed securitization deal, according to a deal term sheet.

Freddie Mac is marketing a $1.4 billion multifamily commercial mortgage-backed securities, its fifth deal this year.

Banc of America Merrill Lynch plans to issue a $360 million CMBS deal collateralized by the fee and leasehold interest for Willowbrook Mall, a two-story super-regional mall located in Wayne, New Jersey.

The Springleaf mortgage securitization is backed overwhelmingly by loans that are older than four years.

Redwood Trust is back this month with is fifth private-label residential mortgage backed securitization, according to a presale report published today by Kroll Bond Ratings.

Sallie Mae is readying its second government guaranteed student loan securitization of the year, according to a presale report published by Moody’s Investors Service.

The delinquency rate for U.S. commercial real estate loans in CMBS increased by eight basis points in March to 9.50% after reaching the lowest level in a year last month, according to Trepp.

A commercial mortgage backed security (CMBS) from SBA Communications Corporation is being prepped for $1.3 billion.

Ford Motor Credit Co. plans to issue an asset-backed securitization from its Ford credit floorplan master trust, according to a shelf registration filed with the U.S. Securities and Exchange Commission.

BMW Financial Services filed a registration statement with the U.S. Securities and Exchange Commission to issue an auto lease-backed securitization deal.

Prestige Financial Services is in the market with a $350 million securitization of subprime auto loans, its 14th since 1996, according to a pre-sale from Dominion Bond Rating Service (DBRS).

Valuations of performing commercial real estate (CRE) whole loans in legacy CMBS trusts improved over the month of February, according to data from DebtX.

AmeriCredit is planning a $1.1 billion securitization of subprime auto loans, according to ratings ageccy presale reports.

DBRS said it plans to rate the $103 million conduit CMBS issued by A10 Capital, a commercial real estate lender that specializes in small to middle market commercial mortgage loans.