Securitization

The U.K. Financial Services Authority relaxed bank capital requirements for loans granted under the Bank of England's, Funding for Lending Scheme, which could lead to more bank lending, according a Standard & Poor's sector update published today.

U.S. Federal student loans, which include FFLEP and Direct loans, spiked to 13% according to data reported by the U.S. Department of Education last Friday; but the hike in defaults won't impact student loan ABS tied to this collateral.

RBS Securities filed a registration with the SEC for a $931 million CMBS deal called WFRBS Commercial Mortgage Trust 2012-C9.

Dealogic, the data analytics provider, reported that global non triple-A rated securitization volume has increased 27% from the same period in 2011 and marks the highest year-to-date volume since 2007.

Barclays Capital yesterday filed an investor prospectus on its first SEC registered, Reg AB compliant, U.S. credit card receivable platform called Dryrock Issuance Trust.

Moody's Investor Service said today in an "unsolicited" comment that the JP Morgan Chase CMBS conduit, Commercial Mortgage Securities Trust 2012-C8, lacks sufficient credit enhancement throughout most of the deal's capital structure.

Fannie Mae’s $22.3 billion in year-to-date multifamily issuance through the third quarter suggests 2012’s total will easily top 2011’s, according to a capital markets executive.

Plans for issuance of a new type of mortgage security from Fannie Mae and Freddie Mac, the so-called "risk sharing" bond , could become a casualty of the Oct. 12 changes to how the U.S. Commodity Futures Trading Commission defines "commodity pools".

After surging 19.6% the last week of September as mortgage rates fell to new historic lows, refinancing activity eased back.

Trafigura AG completed a $250 million receivables purchase facility that was syndicated by Finacity Corporation.

Penske Truck Leasing Co. has completed its first asset-backed bank conduit facility with a group of six banks for $450 million.

The CRE Finance Council and investment research firm Morningstar have teamed up to launch a data set covering all facets of commercial mortgage-backed securities

Alliance Data Systems Corporation and GE Capital are each in the market with credit card ABS securitization deals that total a combined $1.032 billion.

Sallie Mae will issue a $976 million securitization of private student loans.

Hyundai Motor Co. and American Honda Finance Corp. are marketing two auto securitization deals that will be sized at $1.5 billion and $1bln respectively.

Investment bank EA Markets is muscling up their structured finance team by bringing on three new hires: Neil Winward, Greg Raykher, and Gerry Kaufman.

The U.S. housing recovery will vary by price range, location and seasonal adjustments to distressed property sales. These same factors also define how MBS deals are impacted, according to an Oct.9, Amherst Securities report.

Standard & Poor’s has found fresh evidence supporting its view that originators of consumer asset-backed securities will sustain issuance into the fourth quarter.

The estimated price of whole loans securing commercial mortgage-backed securities was 88.7% in August, up from 88.1% in July, according to DebtX, Boston.