Securitization

The December FOMC minutes have cause doubts of whether the Fed will tweak asset purchases under QE3 but analysts at Barclays said MBS purchases are likely to stay the same.

Standard & Poor’s said Monday that the pipeline for structured finance issuance has hit $3.4 billion.

Nissan Motor Acceptance Corporation kicked off its 2013 auto securitization issuance with a $1 billion deal, Nissan Auto Receivables 2013-A Owner Trust.

The private-label mortgage-backed securities market can make more of a comeback this year due to factors like the agencies’ rising guarantee fees, scarcity of higher-yielding assets for investment and home price appreciation.

Bank of America Corp. reached agreements with Fannie Mae to settle all repurchase and certain other claims surrounding mortgage loans originated by Countrywide Financial Corp from 2000 through 2008.

Morgan Stanley and Bank of America are marketing a $1.2bn commercial mortgage-backed securitization deal.

Film studios will have to change their approach to securitization to attract more investors.

Santander Consumer USA is marketing its $1.25 billion auto receivables securitization deal, kicking off the year for auto ABS primary issuance in 2013.

Annualized net losses among securitizations of subprime auto loans rose to 6.72% in November, an increase of 4.4% from October and 0.5% from November of 2011.

View the year-to-date manager rankings for the different ABS sectors, including real estate, credit cards and autos.

RIFCO Inc. announced that it completed its third renewal of its Bank West auto securitization facility.

Zurich Insurance Group said today that it issued a 3-year, $270 million catastrophe bond called Lakeside Re III.

Flagstar Bancorp Inc. is selling a portfolio of commercial loans, including commercial real estate loans, to CIT Bank for $779 million that will expand CIT's middle market customer base.

Experience isn the only thing that sets managers of collateralized loan obligations apart, according to Scott D’Orsi, a partner with Feingold O’Keeffe Capital; it's also a matter of investment style.

Securitization of very large commercial loans, a hallmark of the CMBS market before the financial crisis, is making a comeback -- but with a twist.

Freddie Mac’s is marketing its $1.2 billion multifamily offering expected to price during the week of January 7, according to a press release.

The Trepp CMBS delinquency rate held at 9.71% in December 2012, unchanged from the previous month.

JP Morgan Securities held on to the No. 1 spot in the ASR Scorecards Database's repliminary ranking of public managers for full-year 2012.

Upwards of $7 billion of collateralized loan obligations priced in December, bringing the total for the year to around $53 billion, and market participants say the 2012 pipeline is building.