Finance

Autos are dominating the ABS pipeline once again with deals from AmeriCredit Financial Services (now under GM Financial), Navistar Financial and Ford Motor Credit Co.

Capital One Financial Corp. is looking for another private-label credit card portfolio to buy, as it absorbs the U.S. card business of HSBC Bank USA and the Kohl's Corp. store card portfolio, CEO Richard Fairbank said on Thursday.

Banco Santander SA of Spain is squeezing some much-needed capital out of its U.S. operations with a deal to sell a minority stake in its Dallas auto lender to a private-equity consortium.

More homeowners will now be eligible to refinance their homes and tap historic low interest rates due to significant changes to a critical government program by the Federal Housing Finance Agency (FHFA).

The Federal Housing Finance Agency (FHFA) Monday morning unveiled long awaited changes to a White House refinancing program, waiving the LTV cap and certain origination fees on underwater Fannie Mae and Freddie Mac loans.

The bedrock of the U.S. mortgage market — the 30-year fixed-rate mortgage — may no longer have the same level of bipartisan support in Congress that it once did.

Residential delinquencies fell to 8.09% in September, a slight decline from the prior month but an almost 13% improvement from the same month a year ago, according to new "First Look" figures compiled by Lender Processing Services (LPS).

Guy Carpenter & Co. appointed Desmond Potter as managing director and head of GC Securities M&A Advisory – Europe, the Middle East and Africa (EMEA).

The Senate late Thursday approved an amendment to restore the $729,750 maximum loan limit on government-back mortgages for two more years.

The credit quality of CMBS loans appears to be slipping a bit, according to a Moody's Investors Service report Friday.

After a significant slow down following the economic turmoil in August, CLO issuance is poised to pick up again as the loan market stabilizes, sources said. Indeed, the pipeline has even continued to grow despite the fact that a number of deals stalled over the summer.

The backdrop of this week's mortgage activity continued to be about the European Union and refi.gov.

Halifax Bank of Scotland is in the market with a new deal from its Permanent Master Trust program.

Barclays Capital has made several appointments to its U.S. CMBS team.

FCT Ginkgo Sales Finance has issued a EUR 681.3 Million of French Consumer loan ABS.

Rising foreign investment flows into U.S. commercial real estate bode well for the CMBS sector, said Standard & Poor’s in a release.

Citigroup’s tender for the equity income notes issued by Skytop CLO resulted in it acquiring 46.77% of the $31 million of this class of securities outstanding.

Freddie Mac economists are expecting a surge in refinancings during the fourth quarter and recently increased their origination forecast for the period by nearly 70%.

Bank of America said it is receiving more buyback requests for older vintages of loans from Fannie Mae and plans to contest some of these claims regarding breaches of representations and warranties.