Finance

This week there are three auto deals that have surfaced in the ABS market. The three companies that have brought these deals to the securitization market are Nissan Motor Acceptance Corp. (NMAC), Toyota Motor Credit and Volkswagen.

RBS Securities (RBS) hired Tom Majewski to join RBS's global banking and markets division in the Americas as a managing director in its ABS finance coverage and advisory team.

Citigroup is seeking to gain control of more than $2 billion of CLOs, apparently in order to liquidate them and unwind related trades.

ASR just launched a weekly video news update to give our readers a quick rundown of breaking news throughout the week.

Now that Walter Investment Corp. has officially purchased subservicer Green Tree Servicing, St. Paul, Minn., and its parent company, GTCH Holdings, it has changed certain job duties of executives that joined the firm.

Bank examiners are exploring whether the nation's depositories have accurately valued $845 billion of home equity and second liens, according to seven people with direct knowledge of the matter, according to a report by Bloomberg.

It's not looking good for fans of keeping the higher GSE loan limits, but that hasn't stopped housing, realty and mortgage trade groups from promoting the issue through their elected officials.

Mike Perry, who led IndyMac Bancorp until its collapse in 2008, is trying to rehabilitate his image, waging a public campaign rarely seen from an executive of a failed bank.

Toyota Motor Credit Corp. filed with the Securities and Exchange Commission (SEC) to issue a more than $1 billion deal under its Toyota Auto Receivables 2011-B Owner Trust.

A verdict in Los Angeles Superior Court Friday has conjured up a shared happy ending between DoubleLine Capital CEO Jeffrey Gundlach and his former employer The TCW Group after more than two years of legal wrangling.

The rating agencies continue to rework their criteria in an effort to be more transparent in their methodology.

Barclays Capital and FundCore Finance Group have established a CMBS loan origination and securitization program.

Fannie Mae has apparently doled out part of a large subservicing contract on Bank of America MSRs to the residential servicing division of International Business Machines (IBM), according to industry advisors who have been briefed on the deal.

Some of the nation’s top banks including Bank of America and JPMorgan Chase – which also rank first and third, respectively in terms of housing receivables – flunked Fannie Mae's latest test of mortgage servicers, but the GSE isn’t exactly saying that.

Lawyers for Barclays Capital last week told a federal court fraud claims regarding a failed CDO it sold to Eastern Financial Florida Credit Union, the biggest ever credit union failure, are barred by the statute of limitations on such securities suits and should be dismissed.

Foreclosure activity increased 7% in August over the prior month – but was down 33% compared to the same month a year ago, according to new figures compiled by RealtyTrac.

Bill Beckmann begins each week with a flight from his home in St. Louis to Washington, D.C. The weekly flights have become a routine of sorts since he took on a job that of late, has become among the most daunting among executive jobs in the mortgage industry, president and chief executive of Merscorp.

Avis Budget Group filed an 8-K with the Securities and Exchange Commission (SEC) yesterday.

Reducing the backlog of foreclosures and speeding up the foreclosure process is crucial to reviving the economy, housing experts testified before a Senate panel hearing on Wednesday.