Securitization

Moody’s Investors Service expects commercial mortgage-backed securities in Europe to perform poorly over the next two years.

JP Morgan Chase plans to launch a $650 million credit card ABS transaction this week.

TAL International Group plans to issue a $271.75 million container lease ABS deal, kicking off what is expected to be a busy year for the esoteric asset class.

Ally Bank’s upsized $1 billion dealer floorplan ABS priced on Tuesday wide of levels seen in the recent Ford Credit Floorplan Master Owner Trust deal.

Citigroup is arranging two collateralized loan obligations totaling nearly $1 billion; one for Columbia Management and one for the Carlyle Group.

Fitch Ratings warns that competition among subprime auto lenders could result in a loosening of underwriting standards, leading to weaker collateral in 2013 deals than in prior years.

Invesco is planning a $400 million collateralized loan obligation, according to a presale report issued by Moody’s Investors Service.

The CMBS primary pipeline added another $1.48 billion of commercial mortgage-backed bonds with the UBS Securities/Barclays Capital conduit, UBS-BB 2013 C-5.

Comenity Bank formerly World Financial Network Bank, plans to issue a $480 million securitization from its credit card master note trust.

The South Carolina Student Loan Corporation has a $324 million deal in the works, according to a pre-sale from Fitch Ratings.

With competition for auto lending heating up, Chrysler Group wants to cut in half the time it takes to approve financing for the purchase of a vehicle, according to Peter Grady, vice president of dealer network development and fleet financing operations.

CLOs that are tracked in an index compiled by Standard & Poor’s show that fewer ‘CCC’-rated loans in their pools translate into better performance for transactions.

Flagstar Bancorp has revised its financial results from a $66.8 million profit in the fourth quarter to a $94.2 million loss due to lawsuits by MBS insurers.

Direct Capital Corporation said it completed its first securitization of equipment lease backed notes, a $16O million deal called Direct Capital Funding IV LLC 2013-1.

Analysts at Bank of America Merrill Lynch see value in Australian RMBS for global investors, despite the recent downgrades of junior notes by Moody’s Investors Service.

Moody's Investors Service chief executive told investors Friday he is unaware of plans by federal and state officials to sue the company for allegedly misleading investors in the run-up to the housing crisis.

Senator Richard Durbin (D-IL) reintroduced legislation in Congress to allow privately-issued student loans to be discharged in bankruptcy.

The sharp drop in delinquencies of securitized commercial loans in January belies ongoing struggles in the hard-hit Atlanta region, according to the latest index results from Fitch Ratings

Ally Bank plans to issue $500 million series 2013-1 class A notes from its dealer floorplan ABS structure, Ally Master Owner Trust.