Santander Consumer USA is in the market with Santander Drive Auto Receivables Trust (SDART) 2012-3.

PrinceRidge has hired five new directors to its RMBS unit. With these additional hires, the firm's RMBS group has grown to more than 24 people.

Fitch Ratings has appointed John Miles as head of Fitch Australia effective immediately. Based in Sydney, he will be responsible for managing the rating agency's day-to-day business operations in Australia and New Zealand.

The 30-year FNMA prepayments were close to overall expectations of around a 3% slowing in speeds.

Nationstar, which recently sold stock to the public, is continuing negotiations to buy Residential Capital Corp./GMAC from Ally Financial through a prepackaged bankruptcy agreement, according to industry advisors briefed on the plan.

Daiwa Capital Markets America has hired Michael Marsallo and Mark Schultz to lead its MBS passthrough desk.

The Education Finance Council (EFC) said that there are several factors to consider when examining the issue of U.S. student loan debt reaching $1 trillion.

The head of Ginnie Mae said the agency is trying to “triage” its application problem after finding out that over the past year it could approve less than half of all applicants — and that several of those who received a green light have yet to issue any securities.

The state of Florida signed into law a new bill designed to help protect consumers in the selling and buying of timeshare interests in the secondary market. The law will be effective on July 1.

The housing finance system must be given back to the companies that make mortgages and the borrowers who use them to buy homes, keynote speakers said at the Mortgage Bankers Association’s (MBA) National Secondary Market Conference in New York.

Clayton Holdings hase hired Jenine Fitter as senior managing director of business development.

PHH Mortgage Corp. has entered into a strategic relationship to provide private-label end-to-end mortgage origination services and loan servicing to HSBC Bank USA.