Fitch Ratings assigned an 'F1sf' rating to the asset backed commercial paper issued by Windmill Funding Corporation, a partially supported multi-seller ABCP conduit sponsored by The Royal Bank of Scotland.
-
CNH Capital America will issue under its CNH Equipment Trust 2012-D.
November 9 -
Lease transactions are increasingly making up a larger portion of auto ABS issuance and offer investors a good alternative to auto loan ABS, Credit Suisse analysts said.
November 9 -
New Penn Financial this week unveiled a new Jumbo loan that will likely wind up in MBS issued by its affiliate Shellpoint Partners.
November 9 -
U.S. financial institutions will not be required to start complying with Basel III capital and liquidity requirements by Jan. 1, according to a joint statement issued by regulators on Friday.
November 9 -
Santander Consumer Bank AS is marketing a $809 million securitization of Norwegian auto loans called Bilkreditt 3 Limited that will offer investor notes denominated both in euros and Norwegian kroners.
November 9
-
California Republic Bancorp has completed a securitization of nearly $183 million of prime indirect automobile loans.
November 8 -
PHH Corp. posted a $42 million loss in the third quarter after marking down the value of its servicing portfolio by $217 million.
November 8 -
Mezzanine-level subprime bonds securitized by Texas loans are likely to have higher valuations than mezzanine subprime bonds without Texas exposure.
November 8 -
BofA Merrill analysts expect the national S&P Case Shiller index to increase 5% this year, up from an initial forecast of a 2% gain the bank called in August.
November 8 -
Interest shortfalls in European CMBS loans continue to push note-level defaults. In September, the number of defaults pushed the 2012 total to 21, which is more than half of the 37 defaults seen in 2011, according to a Standard & Poor’s report.
November 8 -
The percentage of loans paying off on their balloon date remained elevated in October, according to the Trepp Oct. 2012 payoff report.
November 8 -
In its weekly report, Freddie Mac reported 30-year fixed mortgage rates averaged 3.40% from 3.39% last week. Since the end of September, rates have held to a narrow range of 3.36% to 3.41%.
November 8