Regulatory hurdles, stability of counterparties, the re and warranties framework, exogenous variables, and technical factors all pose challenges to nonagency RMBS, according to Morningstar.

Ally Financial plans to issue $750 million of securities backed by retail auto loans, according to a deal document.

Bank of America Corp. will pay $16.65 billion to end federal and state probes into mortgage bond sales, the Justice Department said.

Ford Motor Credit priced some $1 billion of notes backed by dealer inventory financing, according to a regulatory filing.

RBC Capital Markets is the lead underwriter on John Deere’s latest $1 billion securitization of equipment loans and leases.

AmeriCredit priced $1 billion of securities backed by subprime retail auto loans at pricing spreads that were mostly wide of the issuer’s previous deal.

The Consumer Financial Protection Bureau has ordered First Investors Financial Services Group to pay a nearly $3 million fine for reporting inaccurate customer credit information to the credit bureaus.

Consumer credit default rates continued declining to historical lows in July, according to S&P Dow Jones/Experian.

Americredit may price its $1 billion subprime retail auto loan ABS, AMCAR 2014-3 this week. Price guidance on the 2.3-year, class A-3 notes to be offered from Americredit’s Automobile Receivables Trust 2014-3 securitization is at 37 to 39 basis points

The always-important question of what Fannie Mae and Freddie Mac charge for loan guarantees is emerging as a central issue in the development of a stable housing finance market.

Ares Commercial Real Estate Corp. closed on a $309 million securitization of commercial real estate loans.