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.

September 12
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  • 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