Securitization

Fitch Ratings anticipates a “moderate” amount of call activity in the collateralized loan obligation market as players take advantage of cheaper funding costs available for new deals.

JP Morgan and Credit Suisse are said to be planning RMBS deals.

Southern Company’s Mississippi Power plans to do a utility securitization to recover the financing costs related to construction of its $3 billion coal-gasification power plant Kemper County.

Fitch Ratings said today that CMBS special servicers have adapted new policies and procedures for reporting financial statements to the master servicer as a measure to increase transparency in loan modifications.

CIFC manages the largest number of collateralized loan obligations in the U.S., according to the latest ranking published by Moodys Investors Service.

Dedicated funds have proved crucial to the develop of CAT bonds and they will remain so

Extended Stay issued the $350million, floating rate component of its $2.5 billion single borrower CMBS deal this week at pricing spreads that fell within guidance.

Freddie Mac plans to issue its second multi-family CMBS of 2013, a $1.3 billion transaction called FREMF 2013-K25.

Bank of America Merrill Lynch and Morgan Stanley plan to issue a $1.14 billion CMBS conduit, MSBAM 2013-C8.

After last year’s false start, the GSEs plan to introduce risk-sharing bonds this year.

Do not expect much securitization activity out of Europe this year, said participants in a panel at the American Securitization Forum’s 2013 conference.

The U.S. housing market and consumer are looking much healthier and there are reasons to believe they will only get stronger.

Regulators risk stifling a recovery in the securitization market if they subject privately offered securities to the same disclosure and reporting requirements as public offerings.

RBS Securities plans a $295 million single borrower CMBS backed by a loan secured by the Shops at Mission Viejo called RBS Commercial Funding Inc. 2013-SMV Trust.

Goldman Sachs plans to issue a $1.1 billion commercial mortgage backed securitization, GS Mortgage Securities Corporation Trust 2013-KYO.

Stonegate Mortgage Corporation, hired Eric Scholtz as executive vice president of structured finance.

CarMax Business Services LLC is preparing its first issue of 2013,a $800 million auto asset-backed securities deal called CarMax Auto Owner Trust 2013-1.

A New Haven federal grand jury has accused former Jefferies RMBS trader, Jesse Litvak with engaging in a scheme to defraud customers on residential mortgage-backed securities (RMBS) trades.

There’s been a lot of talk about the REO-to-rental market over the past year, but no clear indication of how securitization can play a role. That was the case as well at a break out session of the American Securitization Forum’s conference.