Breaking News Il Sole 24 ORE S.p.A., publishers of Italy’s leading business daily issued a €55 million ($71 million) trade receivables-backed securitization.

]]> Allianz has completed a $175 million catastrophe bond providing reinsurance against North American windstorms and earthquakes.

]]> The issue of how long the statute of limitations runs and when the statute clock starts on representations and warranties provisions in RMBS is under active litigation and adds another layer of risk that investors must consider.

]]> 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.

]]> Ally Financial agreed to pay $2.1 billion to unsecured creditors of its bankrupt mortgage unit, Residential Capital, including securitization trusts.

]]> Freddie Mac will begin securitizing modified single-family loans, according to the government-sponsored enterprise.

]]> 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.

]]> The European Banking Authority has published a consultation paper that would seem to threaten the recent revival of the European CLO market.

]]> Barclays has appointed Adam Yarnold head of US securitized products trading, according to a person familiar with the situation.

]]> J.P. Morgan plans to issue its second RMBS deal of 2013, the $442.4 million Mortgage Trust 2013-2.

]]> An $8.7 billion sale by a European bank is set to test market appetite for non-agency residental mortgage-backed securities.

]]> FeatherStone Investment Group is working on its first securitization of rental income; the deal should be completed in the next 90 to 120 days.

]]> Ohio’s FirstEnergy Corp. subsidiaries, the Cleveland Electric Illuminating Company, Ohio Edison and Toledo Edison - are planning a $505 million utility securitization.

]]> The new issue auto ABS pipeline this week includes an as-yet unsized deal from Toyoto Motor Credit, its second deal of 2013.

]]> The automated underwriting used by non-bank specialty finance companies has boosted small, unsecured business lending; these lenders are now considering ABS issuance.

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