Despite the ongoing euro area debt crisis, European auto ABS have remained a stable and active asset class with continued investor interest for standard auto assets (auto loan and auto lease receivables to private individuals and SMEs) over the last few years. Over the past 18 months, issuance in this asset class has come predominantly from Germany, France and the U.K. More recently, Norwegian and Swiss receivables have entered this asset class.

Dealmakers, issuers and investors in Latin American structured finance are often quick to point out that they've been spared the worst brutalities of the global financial crisis and the more recent sovereign debt anxiety in Europe, with the exception of the nonbank real estate sector in Mexico.

Newly initiated foreclosures by the Federal Housing Administration (FHA) jumped 247% in April from a year earlier, while the overall number of foreclosure starts fell 3.1% in the same period.

The Carlyle Group isn’t the only market player seeing opportunity in adversity. In a move that might seem counterintuitive, in light of conditions in the European CLO market, 3i Debt Management is buying the majority of Invesco’s CLO business in the region.

CarMax Business Services is planning to sell an auto ABS worth $750 million. The joint bookrunners of the Class A, B, C and D notes are Barclays Capital, JPMorgan Securities and Wells Fargo Securities.

Bank partnerships with colleges and universities may not pay off for students, the U.S. Public Interest Research Group (PIRG) warned in a report published Wednesday.

The shadow banking system is down but not out. That's the conclusion reached by the Deloitte Center for Financial Services in a new report that examines the scope and the relevance of a sector that has received its fair share of blame for causing the financial crisis.Deloitte says that assets controlled by the shadow banking system — including ABS and MBS —have declined by more than 50% in the last four years, to $9.53 trillion at Dec. 31. As a result of this sharp decline, the traditional banking sector that four years ago was smaller than the shadow banking system is now roughly $8 trillion larger, according to Deloitte.

The Consumer Financial Protection Bureau Thursday afternoon served official notice that it is seeking comment on a range of issues — including the cost of potential litigation — and whether debt-to-income ratios should be used to determine a borrower’s “ability to repay” a residential loan.

3i Debt Management is buying the majority of Invesco’s European collateralized loan obligation business, the companies said today.

Freddie Mac reported 30- and 15-year fixed mortgage rates set new lows in the week ending May 31.

The Consumer Financial Protection Bureau (CFPB) has decided to delay the issuance of a final ‘Qualified Mortgage’ (QM) rule until after the Nov. 6 elections, industry officials told ASR sister publication National Mortgage News.

Fitch Ratings and Kroll Bond Ratings will rate the $1.1 billion CMBS conduit deal backed by 61 fixed-rate commercial mortgage loans that are secured by 80 properties.