Dec 19, 2013 – The Basel Committee on Banking Supervision has proposed to relax securitization capital charges will lead to “meaningful reductions” in capital requirements .
Dec 19, 2013 – Investors and Issuers continued to grow comfortable with non-traditional securitizations in 2013; volumes for the sector neared $30 billion, the most issuance seen since 2007.
Dec 19, 2013 – JP Morgan and Barclays priced the final conduit of the year, JPMBB 2013-C17. The super senior, 10-year notes sold two basis points wide of recent pricing.
Dec 19, 2013 – The $14.3 billion-asset company sold its entire portfolio of collateralized loan obligations, with a cost-basis of $431 million, at a loss of $1.4 million on Tuesday.
Dec 19, 2013 – Volumes for enhanced equipment trust certificate (EETC) deals got a $256 million boost after American Airlines priced its C- tranche offering.
Dec 19, 2013 – Ginnie Mae's first phase of its new securitization platform will makes it easier for MBS issuers to request commitment authority or transfer servicing.
Dec 18, 2013 – Corporate borrowers would likely see financing margins increase by more than one-third if CLOs are required to keep skin in the game of these deals, according to a study commissioned by the Loan Syndication and Trading Association.
Dec 18, 2013 – Wells Fargo and RBS priced the super-senior triple A class of WFRBS 2013-C18 in line with recent conduit pricing.
Dec 18, 2013 – Newtek Business Services sold an additional $24.4 million of single-A rated securities from its small business loans trust.
Dec 18, 2013 – Fitch Ratings expects the recent rate of improvement in U.S. residential mortgage bonds will moderate over the next year as home price appreciation slows.
Dec 18, 2013 – The ratings agency said it plans to track performance measures such as charge-off rates, delinquency rollover rates, yields and excess spread to provide insight beyond the ratings.
Dec 17, 2013 – Royal Bank of Scotland is prepping a CMBS backed exclusively by a $375 million loan on the property in Paramus, NJ.
Dec 17, 2013 – Losses on the portfolios behind all U.S. auto loan securitizations tracked by Standard & Poor’s rose in October to the highest monthly level since January. Losses in the subprime segment hit their highest level since March 2010.
Dec 17, 2013 – Private equity firm Cerberus Capital Management is marketing its third collateralized loan obligation, according to a presale report from Moody’s Investors Service.
Dec 17, 2013 – Next year will be mixed bag for automobile lenders, with both delinquency rates and loan balances expected to rise, according to a forecast released Monday by the credit bureau TransUnion.