CMBS

The European Central Bank (ECB) raised the haircuts for repo lending including ABS assets by four percentage points to 16% from 12%. The new haircuts for ABS lending will be valid as of January 2011.

The Conference of State Bank Supervisors is endorsing legislation that could help restart the securitization market for small commercial mortgages held by community banks.

BNY Mellon Corporate Trust has launched an eVault service that will allow it to receive, process, and store electronic mortgage documents for its clients, the firm announced today.

The City of New York is in the market with a $73.4 million deal with JPMorgan Securities serving as the lead manager.

The Securities and Exchange Comission (SEC) said today that it will open up a public comment period on the new rules presented under the Dodd-Frank Reform Bill. This will before the official comment periods have started.

Fannie Mae has provided $5.9 billion in investment to the multifamily rental housing market in 1H10.

Three major trade associations have announced support for H.R. 5823, a bill seeking to establish a covered bond market in the U.S. that is currently being debated by the House Financial Services Committee.

Wyndham Worldwide Corp. said it completed a term securitization transaction involving the issuance of $350 million of investment-grade ABS notes called Sierra Timeshare 2010-2 Receivables Funding.

It will take five years to turn the new federal financial reform law into rules and regulation, an industry expert from the Securities Industry and Financial Markets Association (SIFMA) said last week.

Five of Spain's smaller regional lenders, known as cajas, were among the seven banks to fail the European Union stress test.