Mar 10, 2014 – One is a $300 million deal backed by a single-loan and rated by Standard & Poor's; the other is a $927 million conduit rated by Kroll Bond Ratings,
Mar 10, 2014 – Both the $700 million of two-year class A floating-rate notes and $300 million of three-year class A fixed-rate notes will be issued from the lender’s Ally Master Owner Trust.
Mar 10, 2014 – Some $50 billion of credit card ABS matured in 2013, but Fitch Ratings expects this figure to fall to roughly $41 billion in 2014 and then to just over $21 billion in 2016.
Mar 10, 2014 – The deal is AmeriCredit's first of 2014 and is lead by a group of eight arrangers.
Mar 10, 2014 – The deal, Sierra Timeshare 2014-1 Receivables Funding, will issue tranches of notes: Fitch Ratings expects to assign an ‘A’ rating the $231.8 million class A notes and a ‘BBB’ rating to the $68.2 million class B notes.
Mar 10, 2014 – Fitch Ratings applied a "additive haircut" to account for the risk that the "unprecedented supply" of Hyundai and Kia vehicles coming off lease could depressed use car prices.
Mar 7, 2014 – Macquarie Bank priced its $500 million of auto loan and lease backed securities, with spreads on some of the tranches inside of initial guidance.
Mar 7, 2014 – Consumer credit increased by $13.7 billion, or 5.3%, in January to $3.112 trillion, the Federal Reserve reported Friday.
Mar 7, 2014 – The collateral consists entirely of repayment of funds advanced by Nationstar Mortgage on mortgages that it services, according to Standard & Poor's.
Mar 7, 2014 – The $850 million class 2014-A3 Citiseries notes to be issued by Citibank Credit Card Issuance Trust have been assigned preliminary ‘AAA’ ratings by Fitch Ratings.
Mar 7, 2014 – J.P. Morgan now expects 2014 RMBS volume to fall short of the $15 billion it had anticipated at the start of the year; but risk-transfer deals by the GSEs could exceed expectations.
Mar 6, 2014 – Santander Consumer USA plans to issue $764.5 million of notes from its Chrysler Capital Auto Receivables Trust.
Mar 6, 2014 – The Deutsche Bank–led offering of $104 million of 10-year, double-A rated notes backed by a portfolio of Property Assessed Clean Energy bonds priced at a coupon rate of 4.75%..
Mar 6, 2014 – Consumer Portfolio Services plans a $180 million securitization of subprime auto loans. It’s the lender’s first deal of 2014.
Mar 6, 2014 – The deal, Toyota Auto Receivables 2014-A Owner Trust, is backed by a conventional mix of auto loans, but proceeds will be ringfenced to finance future purchases of hybrid vehicles.