May 23, 2013 – The European Banking Authority has published a consultation paper that would seem to threaten the recent revival of the European CLO market.
May 23, 2013 – Barclays has appointed Adam Yarnold head of US securitized products trading, according to a person familiar with the situation.
May 23, 2013 – J.P. Morgan plans to issue its second RMBS deal of 2013, the $442.4 million Mortgage Trust 2013-2.
May 23, 2013 – Freddie Mac will begin securitizing modified single-family loans, according to the government-sponsored enterprise.
May 23, 2013 – Credipar, a subsidiary of Banque PSA Finance, plans to issue the first investor-placed French auto ABS of the year, the 470 million AUTO ABS FCT Compartiment 2013-2.
May 23, 2013 – Citibank plans to issue a follow up to its early May issue according to a deal prospectus filed with US Securities and Exchange Commission yesterday.
May 23, 2013 – Ally Financial agreed to pay $2.1 billion to unsecured creditors of its bankrupt mortgage unit, Residential Capital, including securitization trusts.
May 22, 2013 – FeatherStone Investment Group is working on its first securitization of rental income; the deal should be completed in the next 90 to 120 days.
May 22, 2013 – Ohios FirstEnergy Corp. subsidiaries, the Cleveland Electric Illuminating Company, Ohio Edison and Toledo Edison - are planning a $505 million utility securitization.
May 22, 2013 – An $8.7 billion sale by a European bank is set to test market appetite for non-agency residental mortgage-backed securities.
May 21, 2013 – The Federal Housing Finance Agency should require the government-sponsored enterprises to purchase loans with deeper levels of credit enhancement in exchange for bona fide reductions in guarantee fees, the Mortgage Bankers Association said.
May 21, 2013 – Will Howard Davies of PIMCO will serve on the Prime Collateralized Securities (PCS) market committee.
May 21, 2013 – The automated underwriting used by non-bank specialty finance companies has boosted small, unsecured business lending; these lenders are now considering ABS issuance.
May 21, 2013 – The new issue auto ABS pipeline this week includes an as-yet unsized deal from Toyoto Motor Credit, its second deal of 2013.
May 21, 2013 – BlackRock Financial Management has re-priced two classes of a $366 million collateralized loan obligation, according to Standard & Poors.