The Latest

Former Federal Deposit Insurance Corp. Chairman Sheila Bair took private investors to task last week, arguing that their failure to understand and manage mortgage-market risk helped bring about the financial crisis.

Sallie Mae is still interested in adding to its holdings of Federal Family Education Loan Program loans, even if it took a pass on a $3.6 billion portfolio that CIT sold to Nelnet this month.

The vacancy rate for properties backing Blackstone’s Invitation Homes single-family rental securitization declined to 6.5% in February, from 8% in January.

Kubota Credit Corp. priced its inaugural term securitization, a $300 million transaction backed by agricultural, construction and turf equipment loans.

Nelnet agreed to purchase a total of $3.6 billion of Federal Family Education Loan Program student loans and related assets from CIT Group.

Santander and Ally Financial priced a total of $2.1 billion of bonds backed by subprime auto loan receivables on Wednesday.

Mitsubishi Motors has priced its first prime auto loan securitization in over two years, according to sources familiar with the deal.

Sankaty Advisors is marketing a $655.75 million collateralized loan obligation, according to a presale report published by Standard & Poor’s.

Ginnie Mae has halted the transfer of mortgage servicing rights from Bank of America to a nonbank servicer because the bank is missing documents such as recorded mortgages and title policies on the underlying home loans.