A nonbank mortgage servicer that took on more loans than it could handle ended up delaying payments to Fannie Mae and Freddie Mac, according to a government watchdog report.

Referring to the criteria for Prime Collateralized Securities as “a living construct,” the PCS initiative today said it had revised what determines whether a securitization receives this label of high-quality or not.

Amherst Securities Group and Pierpont Securities have merged to become a joint fixed-income broker-dealer company that will be known as Amherst Pierpont Securities.

Precise Mortgages plans to issue £235 million of securities backed by non-conforming U.K. mortgages, according to a Standard & Poor’s.

BMW plans to issue €800 million ($1.09 billion) of securities backed by a portfolio of German auto loan receivables.

U.K. buy-to-let lender Paragon Mortgages is planning its second securitization of this year, a £350 million transaction backed by a portfolio of buy-to-let mortgages.

CIT Aviation Finance is coming out with a $640-million, single-tranche deal backed by aircraft operating leases, according to a presale report by Fitch Ratings.

Judge Marcy S Friedman has been assigned to preside over the lawsuits filed earlier this month in the New York Supreme Court this month by RMBS investors against six trustees.

Mercedes-Benz is planning its first auto loan securitization of the year, according to a presale report published today by Fitch Ratings.

Three issues of commercial mortgage bonds backed by a single borrower priced last week for a total of $2.6 billion.

View Thomson Reuters data on issuance for the year-to-date through June 27 for ABS, MBS and CMBS.

View the deals that priced in the two weeks ended June 27.