While bond insurer Ambac Assurance Corp. (AAC) has been paying policyholder claims for the last several years, its related segregated account branch has not been doing so. On Wednesday the Wisconsin Commissioner of Insurance applied to a Wisconsin court for the segregated account to make cash payments to policyholders for 25% of claims.

This thought came up while looking at Mortgage Bankers Association (MBA) CEO David Stevens’ proposal, unveiled at the MBA’s National Secondary Market Conference in New York, to combine Freddie Mac and Fannie Mae’s mortgage bonds into a single security.

Freddie Mac reported new lows in 30- and 15-year fixed mortgage rates in the week ending May 17.

PPL Corp. has hired Mark Wilten as treasurer and vice president in finance. Wilten is currently treasurer for Nissan North America and Nissan Motor Acceptance Corp. in Franklin, Tenn.

The Federal Reserve Bank of New York has postponed the sale scheduled for today from its Maiden Lane III portfolio.

Spanish securitizations may have proven more resilient than originally expected during the Eurozone crisis.

GE Capital has filed an S-3 with the Securities and Exchange Commission (SEC) dated May 16 to issue under its GE Capital Credit Card Master Note Trust.

In a emailed note released early this morning, Standard & Poor's analysts said that they expect auto-related ABS issuance to continue to track vehicle sales for the remainder of 2012.

To resolve billions in failed-bank loans that had no buyers at the point of closure, the Federal Deposit Insurance Corp. (FDIC) has formed 32 complex vehicles to carry some of the agency's load from the crisis. But not everyone is a fan of the deals.

Deliquencies for bankcards were lower or stable in April for six major issuers, although charge-offs were higher for four lenders, Standard & Poor's analysts reported in their midday commentary.

Mortgage delinquencies continued on their downward path in the first quarter with 7.4% of all loans considered past due, the lowest reading since the third quarter of 2008, according to new figures compiled by the Mortgage Bankers Association.

Morgan Stanley isn’t the only bank marketing a CLO this week; its competitors are shopping at least four other deals.