Securitization

Quantitative easing, particularly the Federal Reserve’s ongoing effort to buy mortgage-backed securities, has frustrated smaller banks that are also in the market for such assets.

Income based repayment plans for student loans would help improve cashflows in student loan securitization, industry sources say.

Trinity Rail is planning a $333.84 million securitization of railcar leases, the company’s first deal of 2012.

Consumer Portfolio Services closed on its fourth subprime auto loan securitization of the year; CPS Auto Receivables Trust 2012-D issued a total of $166 million of notes in five classes.

Hercules Technology Growth Capital said today it completed a $231 million collateralized loan obligation, the company’s first CLO.

Canada Mortgage and Housing Corporation (CMHC) announced today the details of the legal framework for Canadian covered bonds.

J.P. Morgan on Monday priced $900 million of five-year notes backed by credit card receivables via its Chase Issuance Trust, according to a regulatory filing.

Carrington Holding Co. has hired Christopher Whalen to head its investment banking operations, according to the Santa Ana, Calif., mortgage banking and servicing company.

Neighborhood Pay Services (NPS) said it plans to expand its direct deposit platform, Rent Assurance, to distressed single family rentals that will be packaged in securitizations.

Investors, sponsors and sellers of asset backed commercial paper continue to buy split-rated assets, said Moody’s Investors Service in a report on Monday.

Issuance of Government National Mortgage Association-backed MBS jumped 12% in November on a sequential basis, to the highest level since December 2009.

Redwood Trust plans to increase its origination private label RMBS origination activity in 2013.

The Climate Bonds Initiative held roundtable discussions on Dec. 14, to look at how the covered bonds market can best be adapted for renewable energy finance.

MBS spreads had been tighter heading into Wednesday's FOMC statement; however, the news served to back-up rates with the 10-year note yield rising to 1.699 percent from 1.649 percent

Bob Ryan, a senior HUD official who launched FHA’s foray into risk management as it pertains to lenders, has accepted a position within the capital markets group at Wells Fargo Home Mortgage, according to two Washington sources who have been briefed on the matter.

Trepp reported today that the $72 million Kings' Shops CMBS loan modified in an A/B note structure, saw the B portion of the note written off entirely.

DFG Investment Advisers, a New York-based money manager, is prepping its first collateralized loan obligation, the $317 million Vibrant CLO.

Bank of America has escalated a longstanding dispute with MBIA over securities backed by residential mortgages.

Evan Malik has joined BNP Paribas’ securitization group, a spokeswoman at the bank confirmed today.