JPMorgan Securities has agreed to a settlement with the U.S. Securities and Exchange Commission (SEC) concerning its 2007 sale of CDOs called Squared CDO 2007-1, according to a press release from the firm.

Single-family existing home sales fell 3.2% in May as April sales were revised downward and severe weather hampered homebuying in the Midwest.

Enterprise Fleet Management (EFM) is currently in the market with Enterprise Fleet Financing, LLC Series 2011-2. JPMorgan Securities and Bank of America Merrill Lynch are the joint bookrunners on the almost $600 million 144A transaction.

A report by Dealogic reported that global ABS volume increased 12% to $72.9 billion in 2011 year-to-date, up from $65.4 billion in 2010 year-to-date. This was the first year-on-year volume boost for ABS since 2007.

Credit Suisse has hired Jason O'Brien as a U.K. ABS salesman. O'Brien, who starts working at Credit Suisse in mid-July, will report to Kevin Whyman, who is head of European ABS sales, according to a Credit Suisse spokesman.

A new ruling yesterday in the U.S. District Court for the Southern District of New York has commingled three mortgage lawsuits against Bank of America (BofA) into one big legal effort, with a Pennsylvania pension fund taking the lead.

Clydesdale & Yorkshire Bank Corporate & Structured Finance has reportedly hired a new corporate asset finance team in efforts to expand its services.

The RMBS private-label market will continue to be stalled by the still-weakened housing market, according to a Standard & Poor’s report. The release also warned investors not to mistake a potential flurry of issuance in the coming months with a lasting recovery.

In May, the delinquency rate on U.S. CMBS loans fell four basis points to 9.18%.

The residential loan market is looking a little better these days, according to a new forecast from Fannie Mae.

As credit card use slows in certain sectors because of tightened budgets and risk avoidance, many issuers may find they lack consistent retention strategies, according to a study from Celent.

Three new ABS transactions are being marketed this week by General Electric Capital Corp. (GECC), Cabela’s, and Santander. Aside from the usual auto transaction, the equipment and credit card sectors are represented in this week’s deal mix as well.