Finance

The American Securitization Forum (ASF) reiterated its support for retention requirements tailored to each major asset class and that offer flexibility for the long term, the trade group said in a release today.

Freddie Mac's retained portfolio declined an annualized 12.5% or $7.4 billion in October to $702.9 billion.

The National Credit Union Administration (NCUA) is exploring legal remedies against firms that sold faulty MBS that later played a key role in the failure of a handful of corporate credit unions (CUs).

Starting Dec. 1, Freddie Mac will issue Jumbo/Super Conforming Pools under these three prefixes: T4: 15-Year Jumbo/Super Conforming Pools; T5: 20-Year Jumbo/Super Conforming Pools and T6: 30-Year Jumbo/Super Conforming Pools.

Fannie Mae, Freddie Mac and the GSE regulators are reminding lenders that the maximum mortgage amount for conforming mortgages will remain unchanged for the first nine months of 2011.

Last Friday, CNH Capital America filed an S-3 with the Securities and Exchange Commission (SEC) to issue a potential six-tranche securitization backed by agricultural or construction equipment loans under its program called CNH Equipment Trust.

In the latest Amherst Mortgage Insight, Amherst Securities Group's Senior Managing Director in charge of research Laurie Goodman said that forecasting cash flows from month to month has become increasingly difficult.

Fannie Mae is auctioning off a $30 million pool of bulk real estate-owned properties, according to investors who have viewed the offering circular.

A voluntary merger among some of the 12 Federal Home Loan Banks may become a possibility now that the GSE regulator is trying to lay out a formal merger approval process.

Ambac Assurance Corp. is close to reaching a settlement that would wipe away more than $500 million of exposure to revenue bonds issued by the Nevada Department of Business and Industry for the Las Vegas Monorail, according to its regulator Thursday.

The split in the commercial real estate (CRE) market continues to widen, with historically high prices being paid for institutional properties in top markets, while other markets have little or no activity except for distressed property sales, according to the third quarter activity report from the CCIM Institute and the Real Estate Research Corp. (RERC).

Countrywide, which is now part of Bank of America Corp., routinely didn't bother to transfer essential documents for loans sold to investors, an employee testified.

Real estate asset investor Cole Real Estate Investments hired Mitchell Sabshon as executive vice president and chief operating officer.

Specialized asset management firm Dock Street Capital Management (DSCM) has opened an office in Hong Kong.

Credit Suisse expects to see GNMA prepayment speeds rise 10% to 15% during the November period, according to a recent report.

On the surface, the three homes appear to have just one thing in common: foreclosure.

Put-backs of defective mortgages are accelerating and the Federal Reserve Board is growing more concerned about the potential risks to the banking system.

Banque PSA’s AUTO ABS FCT Compartiment 2010-1 priced this week. The securitization's €500 million ($683 million) triple-A rated tranche priced within guidance levels at 135 basis points over the one-month Euribor.

The volatile reaction created by the Federal Reserve's QE2 drove demand down in the consumer ABS sector, Wells Fargo analysts said.

Even if new loan volume under FFELP will be revmoved, Bank of America Merrill Lynch analysts still expect new-issue SLABS volume for 2011 to be comparable to 2010.