Santander Consumer USA is planning to issue a subprime auto securitization called Santander Drive Auto Receivables Trust 2012-6 worth $1.25 billion.
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The nation’s top five servicers had a combined servicing market share of 55.6% at Sept. 30, a stunning loss of eight points in share over the past 12 months.
November 28 -
FHFA acting director Edward DeMarco noted that the g-fee hikes will move GSE pricing “closer to what it would be were mortgage credit risk borne solely by private capital.”
November 28 -
Credit Suisse has won a small victory in a legal battle over its sale of MBS.
November 28 -
Consumer asset backed securitization volume potential for 2013 may be suppressed by the rise in student loan debt, according to a Wells Fargo report.
November 28 -
CMBS loans are likely to increasingly feature in Collateralized Loan Obligations.
November 28
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Mortgage application activity was little changed overall in the holiday-shortened week ending Nov. 23.
November 28 -
The Public Service Commission of West Virginia, the state’s energy regulator, has delayed a securitization proposed by American Electric Power (AEP) by two months.
November 28 -
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Another CMBS transaction is in the works called COMM 2012-CCRE5, according to an SEC filing today.
November 27 -
Standard & Poor's estimates that CMBS issuance in the U.S. will hit $45 billion dollars in 2013.
November 27 -
Credit card delinquency and default rates continued to drop in the third quarter, except for a slight increase in the sub-sector of retail, DBRS said.
November 27 -
The qualified mortgage test and risk retention rules will cement Fannie Mae and Freddie Mac’s dominance in the secondary market.
November 27
