Structured Finance News

Deutsche Bank Readies €250M CMBS

Deutsche Bank plans to issue 250 million ($324 million) of securities backed by two commercial mortgage loans that are secured by 20 properties, according to a person familiar with the deal.

CAC Preps $350m Subprime Auto Deal

The company focuses on particularly low FICO subprime borrowers but has a long track record in the business.

Goldman Sachs, Citigroup Price $925M CMBS

The super senior 10-year tranche of GSMS 2014-GC24, rated Aaa/ AAA/ AAA by Moody's Investors Service, Kroll Bond Rating Agency, and Morningstar, priced at swaps plus 87 basis points.

Three Deals Add $2.4B of CMBS Supply

Three offerings of commercial mortgage bonds, two conduits and a deal backed by a single loan on Park Avenue Tower in Manhattan, add some $2.4 billion of supply this week.

Subprime Autos Face Another Risk: Contagion

The agency says that if certain kinds of funding for smaller lenders were to evaporate, they may find they have few alternatives. Collateral in that case could end up under-serviced.

Amex Upsizes Credit Card Offering to $1.5B

The deal, American Express 2014-3, was originally sized at $720 million, including $650 million of class A notes and $28.2 million of class B notes.

Another Pristine RMBS for Two Harbors

Two Harbors is marketing a $374 million offering of residential mortgage bonds, the second via its Agate Bay Mortgage Trust, according to a presale report published by DBRS.

Oregon Standoff Shows Difficulties Escaping Trust-Preferred Trap

Albina Community Bancorp nearly managed to wriggle out of a trust-preferred vise, but it could still find itself getting squeezed.

ABS Managers

Top underwriters for asset-backed securities for the year to date through Sept. 12, 2014.

ABS Totals

View Thomson Reuters data on issuance for the year to date for ABS, MBS, and CMBS.

Scorecards

See the ABS deals that priced in the two week ended Sept. 12, 2014.

Rialto Preps Non-Performing Loan Re-Securitization

RIAL Series, 2014 - LT6, is a liquidation vehicle that monetizes recoveries from 1,032 repossessed properties, non-performing loans and a few performing loans with an aggregate unpaid principal balance of $524.5 million,

AmEx Plans $720M Credit Card ABS

American Express will issue $720 million of securities backed by a pool of credit card receivables originated at least four years ago.

J.D. Byrider Marketing First Subprime Auto Loan of 2014

The deal will offer $154.8 million in notes backed by sublrime auto loan receivables. It is the issuer's third securitization overall and the first time the company hired Kroll Bond Ratings.

Ally Bank Plans $1.5B Prime Auto Loan ABS

Ally Bank is marketing a $1.5 billion prime auto loan securitization. Credit Suisse, Barclays and Bank of American Merrill Lynch are the lead underwriters.


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China Auto Securitization Gears Up

As more and more Chinese gain the financial access to buy a car with a loan, lenders will look increasingly to securitization to keep origination going.

Current Issue