Flagship Credit Acceptance is planning to sell a 144A auto ABS called Flagship Credit Auto Trust 2012-1.

Freddie Mac reported a rebound in lending activity in May after a significant drop in April.The secondary market agency reported Tuesday that it purchased $30.7 billion in residential mortgages from lenders in May, up 19% from April.

A loan officer for a Florida mortgage company was sentenced to more than four years in prison for pleading guilty to committing wire fraud in a $9.2 million mortgage fraud scam.

Credit Suisse and Mitsubishi UFJ Securities are raising a $413.4 million collateralized loan obligation for Prudential Investment Management, according to a person with knowledge of the transaction.

At last week’s American Securitization Forum Sunset Seminar, panelists discussed how the proposed Franken amendment creates unintended consequences in applying credit ratings.

Wells Fargo & Co. said it reached an agreement to acquire WestLB’s subscription finance portfolio worth approximately $6 billion in commitments.

So far there are two deals in the market this week, one each from the student and auto loan sectors.

Rating agency presale reports came out last week on the latest deal from Redwood Trust, the only consistent issuer/aggregator of nonagency/Jumbo securitizations. These show it is continuing to work toward perfecting its mix of inherent Jumbo risks and mitigating factors.

Major servicers are in various stages of setting up their systems and training personnel to provide struggling homeowners with a “single point of contact” (SPOC) that they can rely on as they go through the loan modification process, according to a new report by the Office of the Comptroller of the Currency (OCC).In April 2011, OCC directed 12 major mortgage servicers to clean up their shops after receiving numerous complaints from borrowers and congressmen about slow processing times, lost paper work and the difficulty of reaching anyone at the servicing company who could answer their questions.

CRE Finance Council (CREFC) has selected of Paul Vanderslice as its president for the 2012-2013 term.

WASHINGTON — Supporters of the Consumer Financial Protection Bureau (CFPB) are dismissing a new lawsuit that seeks to abolish the agency as a political stunt, and even bank industry insiders who would like the case to succeed are privately calling it an uphill battle.

Fitch Ratings has issued the first of a series of reports that address recent investor allegations about “servicer specific deficiencies.”