Finance

If we can't identify adequate capital to bear mortgage credit losses when they are incurred, aren't we setting ourselves up for another series of bailouts in the next housing downturn?

The inclusion of a loan secured by Chicago’s Prudential Plaza in a recent CMBS is causing a stir. Some investors are on edge about the property’s recent financing history, which suggest sharply different appraisal values within weeks of each other.

Freddie Mac has taken out another reinsurance policy that transfers the risk that mortgages it insures will default.

Dutch mortgage lenders NN Bank and NN Leven plan to sell bonds backed by a portfolio of residential mortgage assets worth €595 million ($666 million), according to Moody’s Investors Service.

Velocity Commercial Capital took steps to verify the so-called “liar loan” included in a small balance commercial mortgage securitization, according to Kroll Bond Rating Agency, which rated the deal.

The Structured Finance Industry Group (SFIG) has hired Dan Goodwin as director of mortgage policy who will focus on mortgage backed securities policy issues.

AH4R American Homes 4 Rent has completed its second single-family rental securitization of the year, the sponsor announced in a press release today.

Volkswagen Financial Services will tap its Spanish auto loan receivables on its upcoming Driver Trust securitization.

Expect less anxiety about impending regulations and more talk about deteriorating credit quality when securitization market participants convene in Miami next week.

Bank of America Merrill Lynch plans to securitize two European commercial mortgage loans worth €186 million.

Moody’s Investors Service just flagged a risk in bonds backed by single-family rentals: there aren’t enough special servicers. Right now, the field is limited to two players: Midland Loan Services and Situs Holdings.

Platform Funding and Paratus AMC (formerly known as GMAC-RFC) pooled £1.85 billion of U.K. residential mortgage loans originated in 2007 and 2007, according to Standard & Poor’s

Leeds Building Society is marketing securities backed by a £700 million pool of U.K. prime residential mortgages from the issuer’s Albion U.K. RMBS trust.

Volkswagen Financial Services U.K. is pooling £750 million of U.K. auto loans to back sterling denominated bonds issued from its UK Driver trust.