Securitization

Following the €500 million ($629 million) placement of the first aircraft covered bond in early July, the head of origination at the issuing bank Norddeutsche Landesbank, Thomas Cohrs, believes the prospects are good for further issuance.

Paris-based independent cooperative finance firm Groupe GIAC arranged the €80 million cash transaction. GIAC provides long-term financing to French companies.

The search for yield is providing some much-needed liquidity for a small corner of a market that has yet to recover from the financial crisis: auction rate securities.

There is no rest for weary U.S. ABCP market participants who have been 'up against it' almost non-stop for the past five years.

Activity in the primary securitization market was muted in August, with little new issuance in auto loans.

The continued difficulty of acquiring repossessed, single-family homes to rent on a significant scale makes it unlikely that these assets will be securitized this year.

Whatever the program's intentions, it is wrong to believe that the GSEs would not be financially damaged by the proposed program.

Spreads draw investors back even as deal terms loosen.

Paris-based independent cooperative finance firm Groupe GIAC arranged the €80 million cash transaction. GIAC provides long-term financing to French companies.

This month ASR tackles a wide range of topics, from thorny issues such as regulations and eminent domain to the delayed onset of securitization of REO-to-rent homes.

MBS prepayment numbers for August are expected to jump, in part because of an increased number of days on which mortgage holders can finalize a refinancing. The market is projected to see the opposite effect in September, which will have fewer such days.

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

The CMBS market may get a turbo boost early next year, when an updated benchmark will enable market participants to more effectively hedge positions.

Springleaf has “adequate liquidity” to survive over the next 12 months, and is seeing smaller losses on its business

The Federal Housing Finance Agency Friday morning directed Fannie Mae and Freddie Mac to increase their loan guarantee fees.

The Federal Housing Finance Authority's announcement increasing GSE g-fees by 10 basis points is positive for 30-year MBS, analysts said.

The Real Estate Finance Group's addition of three commercial real estate lenders expands its client service and coverage nationwide for commercial real estate.

Servicing balances totaled $9.19 trillion at June 30, compared to $8.9 trillion at March 31.

Standard &Poor's said today that used vehicle sales are likely to increase more than 2% y/y in August to 3.9mn units, signaling continued auto loan originations and ABS issuance.

But the GOP statement of principles offers no specifics on how Fannie and Freddie should be “wound down.”