The issuance of non-agency residential mortgage-backed securities (RMBS) so far in 2013 is approaching the $11 billion mark, according to Standard & Poor's.

The Trepp CMBS Delinquency Rate posted a 42-basis-point drop to 8.65% in June, the lowest level in almost three years.

U.S. residential mortgage backed securities serviced by Nationstar will recognize about $1 billion of losses as the result of loan modifications, according to Fitch Ratings.

Standard & Poor’s assigned 'BB-' ratings to the class A notes issued by Renaissance Re and DaVinci Re $150 million catastrophe bond called Mona Lisa Re (Series 2013-2).

The doubling of interest rates on new government guaranteed student loans could actually benefit some holders of bonds backed by existing loans, according to Fitch Ratings.

Two commercial backed mortgage securities conduits, one offered by JP Morgan and another by Deutsche Bank, Cantor Fitzgerald and UBS, priced this week at wider spreads than recent deals.

Springleaf Financial is issuing a $875.499 million subprime mortgage-backed securitization.

Ares Management named Jeffrey Kramer as a portfolio manager in the firm’s capital markets group;he will lead a “tactical expansion” of the firm’s structured credit business.

Horizon Technology Finance Corp., a specialty finance company, has issued $90 million of notes backed by secured loans to technology and healthcare start-ups.

Neil Odom-Haslett will join Standard Life Investments as head of commercial real estate lending in August and will lead the company's entry into the U.K. commercial real-estate market.

Interest rates on Federal Direct Subsidized Loans today doubled to 6.8% from 3.4%; but the higher rates won’t have too much of an impact on securitization deals backed by these loans.

Investors at an S&P roundtable said that differences among mortgage-backeds in the caliber of their rep and warranty providers has't translated into differences in deal pricings.