Securitization

Wells Fargo, JP Morgan and Bank of America priced the $600 million single-asset commercial mortgage-backed securitization backed by the Queens Center in New York City, Queens Center Mortgage Trust 2013-QC.

Retail banks might return to the Mexican market or residential mortgage-backed securities.

GM Financial, formerly known as AmeriCredit, prepped a $975.2M auto Receivables backed securitization deal, bringing year to date auto related issuance to $5.0bn in January 2013.

Canadian Imperial Bank of Commerce is marketing a credit card receivables deal backed by a pool of approximately $13.4 billion in receivables called CARDS II Trust‘s series 2013-1.

Four CREL CDOS totaling $1 billion were issued in the fourth quarter of 2012, and RBS expects to see another $5 billion and $10 billion hit the market in 2013.

The increase in mortgage rates should limit mortgage refinancing activity with the exception of HARP related activity.

Macquarie Bank is marketing $500 million of notes targeting the U.S. investor base under its Australian auto securitization deal, SMART ABS Series 2013-1US Trust

Redwood is looking to issue another securitization deal this month that would keep in line with the company’s 2013 goal of boosting issuance over this year.

The American Securitization Forum is concerned that the Consumer Financial Protection Bureau's new Qualified Mortgages guildelines will dry up credit for non-prime borrowers.

Santander Consumer USA priced its $1.25 billion securitization of subprime auto receivables called Santander Drive Auto Receivables Trust 2013-1.

Morgan Stanley and Bank of America priced its $1.23 billion commercial mortgage-backed securitization conduit, series 2013-C7 at strong levels.

The Minnesota Housing Finance Agency's $75 million of tax-exempt homeownership finance bonds mark its third use of a mortgage-backed pass-through structure that’s helped jumpstart new-money, tax-exempt borrowing for single-family housing.

Nissan Motor Acceptance Corporation upsized its prime auto receivables securitization deal yesterday to $1.36 billion from $1billion, on the back of strong investor demand.

Capacity constraints at mortgage lenders that limited the amount of refinancings they could process in November, meant business was held over into December resulting in prepayment speeds being unexpectedly higher last month.

Standard & Poor’s assigned ‘BBB+’ and ‘BB+’ ratings to the class A and B notes to be issued by Aetna’s Vitality Re IV Ltd. (Series 2013-1), a medical benefit linked securitization deal.

The Consumer Finance Protection Bureau's qualified mortgage regulation will provide more clarity to the definition of a qualified residential mortgage as proposed under Dodd-Frank legislation, said analysts at Fitch Ratings.

Ally Financial Inc. is marketing it $940 million subprime auto deal called Capital Auto Receivables Asset Trust 2013-1, bringing the January pipeline for auto ABS to $3.2 billion.

Moody’s Investors Service, Kroll Bond Ratings and Fitch ratings have assigned Aaa'/'AAA'/'AAA' ratings respectively to the class A notes issued by Redwood Trust’s RMBS.

Wells Fargo, JP Morgan and Bank of America began marketing a $600 million single asset commercial mortgage-backed securitization backed by the Queens Center in New York City.