It appears that the days of the U.S. Treasury Department doling out money to Fannie Mae and Freddie Mac are just about over, according to a new report from the Federal Housing Finance Agency (FHFA).
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Ford, Honda, BMW and First Investors have collectively added $3.18 billion of auto-related securtizations to the new issue pipeline, bringing volume sold or marketed so far this year to $8.7 billion.
January 14 -
There was an 18 basis point decline in commercial mortgage-backed security loan delinquency rates in December over November, as resolutions of $1.7 billion outpaced additions of $1 billion, said Fitch Ratings.
January 11 -
Wells Fargo, JP Morgan and Bank of America priced the $600 million single-asset commercial mortgage-backed securitization backed by the Queens Center in New York City, Queens Center Mortgage Trust 2013-QC.
January 11 -
Retail banks might return to the Mexican market or residential mortgage-backed securities.
January 11 -
GM Financial, formerly known as AmeriCredit, prepped a $975.2M auto Receivables backed securitization deal, bringing year to date auto related issuance to $5.0bn in January 2013.
January 11
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Canadian Imperial Bank of Commerce is marketing a credit card receivables deal backed by a pool of approximately $13.4 billion in receivables called CARDS II Trust‘s series 2013-1.
January 11 -
Four CREL CDOS totaling $1 billion were issued in the fourth quarter of 2012, and RBS expects to see another $5 billion and $10 billion hit the market in 2013.
January 11 -
The increase in mortgage rates should limit mortgage refinancing activity with the exception of HARP related activity.
January 10 -
Macquarie Bank is marketing $500 million of notes targeting the U.S. investor base under its Australian auto securitization deal, SMART ABS Series 2013-1US Trust
January 10 -
Redwood is looking to issue another securitization deal this month that would keep in line with the company’s 2013 goal of boosting issuance over this year.
January 10 -
StormHarbour Securities LP announced that it hired Juan Del Rivero as senior advisor in the firm’s new Madrid, Spain office.
January 10 -
The American Securitization Forum is concerned that the Consumer Financial Protection Bureau's new Qualified Mortgages guildelines will dry up credit for non-prime borrowers.
January 10