Finance

Mitsubishi Motors Credit of America (MMCA) is in the market with a prime auto ABS deal called MMCA Auto Owner Trust 2011-A (MMCA 2011-A). Barclays Capital is lead underwriter on the $278.39 million securitization.

Roughly 23.1% of all residential homes encumbered with mortgages (11.1 million units) were in a negative equity position at yearend, according to new figures released by CoreLogic (CL), Santa Ana, Calif.

Of the Dodd-Frank Act's sundry requirements, few have caused as much consternation among bank regulators as the mandate to evaluate capital without the help of credit ratings.

Redwood Trust officials have been hearing plenty of talk about other firms entering the Jumbo MBS space — but aren’t holding their breath about seeing new bonds issued anytime soon.

Standard & Poor's said that Trepp clients can now access S&P's CMBS research headlines via the CMBS information provider's platform.

The $5.7 billion plan San Bernardino County Employees¹ Retirement Association (SBCERA) previously discussed two potential CLO investments at last week¹s meeting.

CarMax in the market with CarMax Auto Owner Trust 2011-1. The auto ABS, which is reportedly slated to price as early as this week, is worth $650 million.

Debra Huddleston joined Ranieri Real Estate Partners as managing director and head of real estate structured products.

Conventional speeds slowed less than expected in February, especially on FHLMC Gold 30-years. FNMA speeds declined nearly 14% from January versus a projected 18%. Speeds declined in line with projections for 5s and newer 5.5s while speeds on more seasoned 5.5s and higher coupons did not slow as much as anticipated.

A majority of business economists believes federal regulators should require a high down payment on "qualified residential mortgages" (QRM) that will be exempt from risk retention.

Catherine Kissick, a well known figure in warehouse lending circles, late Friday pleaded guilty to criminal charges tied to the collapse of Taylor, Bean & Whitaker (TBW), a large Federal Housing Administration lender based in Ocala, Fla.

The New Mexico Public Employees’ Retirement Association (NMPERA) will consider a new investment for its alternatives portfolio next Tuesday.

Wells Fargo Home Mortgage is getting out of the reverse mortgage wholesale production channel, a spokesman confirmed. However, it still will originate these loans through the retail channel.

The Term ABS Loan Facility Loan Facility (TALF) earned $600 million of net interest income to date, which is equal to more than 2-1/2 percent of the TALF loans currently outstanding, according to William Nelson, Federal Reserve Board deputy director in the division of monetary affairs.

The $375 million One Park Avenue pari-passu loan securitized in BACM 2007-2 and BACM 2007-3 is expected to pay off at par. This effectively extends the unscheduled principal payment to these conduits deals' short-dated tranches, according Barclays Capital analysts.

Federal regulators issued a tough opening salvo in settlement talks with the largest servicers, presenting them with a 27-page term sheet that would force major changes to the industry and step up loan mitigation efforts.

Delinquencies on CMBS continued to climb in February, but new issuance may help to stem future late-pay increases, according to the latest index results from Fitch Ratings.

The government's embattled Home Affordable Modification Program (HAMP) lost momentum in January as the number of newly approved loan restructurings fell below 30,000 for the first time since October.

Fitch Ratings is monitoring the potential consequences that the earthquake that hit Christchurch in February might have on outstanding Fitch-rated New Zealand mortgage-backed transactions.

It has not even been a week after news broke that Jay Kim, co-head of Barclays Capital's U.S. asset securitization team, will be moving to Credit Suisse in May to head up the bank's asset finance team, bringing with him around 10 Barclays bankers.