Securitization

CNH Capital America plans to issue an $850 million equipment lease ABS transaction backed by fixed rate retail installment sale contracts and retail installment loans secured by agricultural or construction equipment.

MBS mostly lagged in both rallies and sell-offs in the week ended Feb. 8 amid concerns about increased originator supply and convexity-related selling.

Morgan Stanley announced a reshuffling of roles for managing directors in the banks securitized products group. The changes will help the bank develop its new issue securitization franchise.

CarMax Business Services LLC priced its first issue of 2013, an upsized $1.04 billion prime auto asset-backed securities deal called CarMax Auto Owner Trust 2013-1.

Morgan Stanley Investment Management's new Global Mortgage Securities Fund will invest in mortgages and securitized debt instruments issued by government agencies and private institutions, the bank said this week.

Sallie Mae priced its $1.2 billion securitization of Federal Family Education Loan Program (FFELP) loans, SLM 2013-1.

Morgan Stanley is arranging a $500 million collateralized loan obligation for Sankaty Advisors,

Discover Bank priced the two series of note issuance from its credit card master trust, 2013-1 and 2013-2.

Peter Albano is joining Oppenheimer & Co. Inc. as head of taxable fixed-income sales, overseeing mortgage-backed securities as well as high-grade corporate credits and institutional emerging markets.

Goldman Sachs plans to issue a $500million single-borrower CMBS backed by Kings Plaza Mall in Brooklyn.

Discover Bank is planning to issue $1 billion from is credit card master trust over two series of note issuance, 2013-1 and 2013-2.

Morgan Stanley and Bank of America Merrill Lynch issued a $1.13 billion conduit, series 2013-C8 on Tuesday afternoon.

U.S. District Judge Jed Rakoff ruled that Flagstar Bancorp violated agreements with Assured Guaranty Municipal to follow its own underwriting guidelines; he ordered Flagstar to pay Assured $90 million.

Kroll Bond Ratings said it expects the first rated securitization of commercial property assessed clean energy (PACE) loans in 2013.

Avis Budget Group plans to sell $400 million of securities backed by auto leases, according to ratings agency presale reports.

IPFS Financing Corp. plans to issue a $400 million securitization that is backed by insurance premium finance loans.

Banks are marketing a $539 million collateralized loan obligation for LCM Asset Management and $513 million deal for Golub Capital, according to presale reports from Standard & Poor’s.

The Justice Department is suing credit rating agency Standard & Poor's for allegedly ignoring their own standards and rating mortgage investments much higher than they should have been in years leading up to the financial crisis.

Springleaf Financial plans to launch its first securitization of personal consumer loans, Asset-Backed Notes Series 2013-A.