The Federal Housing Finance Agency (FHFA) has indefinitely delayed its timeline for a highly anticipated decision on whether to allow principal reductions on loans owned by Fannie Mae and Freddie Mac, an agency spokeswoman said Friday.

Manager Activity: Autos Book Runner Amount (US$ Mil) Rank Mkt.

2012 2011 2010 ABS (Public + 144A) 84,120.7 51,871.4 54,973.4 ABS (Public + 144A excluding CDOs) 78,030.6 49,575.6 54,157.0 ABS (Public Only) 50,623.8 30,134.2 24,089.1 ABS (144A Only) 33,497.0 21,737.2 30,884.3 Non-Agency MBS 16,782.1 25,040.6 7,934.8 Agency MBS 112,523.7 173,096.3 205,764.4 CMBS 8,081.5 12,799.3 8,384.0

MORTGAGE DATA 30-yr. Fixed 15-yr. Fixed 5-yr Treasury 1-yr Treasury- MBA Refi Home Purchase Rate Mortgage Rate Mortgage Indexed ARMs Indexed ARMs Index Index Week ending 05/31/12 3.75%

On April 20 a judge decided that a case seeking to reverse bond insurer MBIA's 2009 transformation into two companies will go to trial on May 14.

The recent CMBS backed by nonperforming commercial real estate (CRE) loans from Rialto Capital Advisors is the beginning of a trend, Fitch Ratings said in a recent report. It is the first CMBS to be backed by nonperforming loans (NPLs) in years.

The events that affected trading this week revolved primarily around $99 billion in Treasury supply. The Federal Open Market Committee (FOMC) held a two-day meeting with the statement, summary of economic projections and a press conference taking up most of Wednesday afternoon.

At least one dozen — and perhaps more — of Ally Financial’s nonbank warehouse lending customers are searching for back-up lines of credit, fearing the government-owned lender may soon cut back, according to interviews conducted by National Mortgage News this week.

A new €402.4 million ($532 million) Finnish auto loan securitization is marketing this week from SCF Rahoituspalvelut Limited.

Ford’s Motor Co.’s return to investment grade status is a milestone for the auto industry, even if it has emerged from the credit crisis and recession in much better shape than its peers.

Moody’s Investors Service Thursday issued a negative report on the bond insurance industry.