The national two-year default rate went up to 9.1% for the most recent cohort, increasing from 8.8% for the 2009 cohort.
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Diamond Resorts is prepping a $93.56 timeshare securitization, according to a presale report published by Standard & Poor’s.
January 15 - Europe
Moody's Investors Service rated the EUR1 billion ($1.3bn)securitization of tariff deficit in the Spanish power industry.
January 14 -
Flagstar Bancorp was sued Friday by MBIA over $165 million in losses related to two securitizations that Flagstar sponsored and MBIA insured in 2006 and 2007.
January 14 -
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
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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 -
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