Finance

Fannie Mae issued $5.7 billion in multifamily mortgage-backed securities in the third quarter backed by newly originated loans, compared to $8 billion in the prior quarter.

A bipartisan group of 66 members of the House of Representatives are letting the Federal Housing Finance Agency know they don’t want to see the loan limits on Fannie Mae and Freddie Mac reduced.

The increased uncertainty over the Federal debt limit has “dampened” structured finance issuance, according to Standard & Poor’s.

J.G. Wentworth plans to issue a $210 million ABS backed by structured settlement payments and like its previous deals this year, the pool includes lotto winnings.

Mortgage experts said at the California Association of Realtors sponsored conference, that the future of mortgage finance will depend on a model that still includes a government guarantee.

OneSavings Bank had its £167 million ($266 million), privately-placed, U.K. RMBS that is backed by non-conforming mortgages rated by Standard & Poor’s.

JP Morgan and Barclays are preparing to launch a $1.19 billion CMBS conduit that is collateralized by 68 fixed-rate commercial mortgage loans that are secured by 151 properties.

CMLS Financial tested new securitization waters with a $400 million deal backed by five Westin hotels -- Canada's first hotel backed CMBS.

Bonds backed by federally guaranteed student loans will continue to pay interest even if Congress does not raise the federal debt limit, according to Moody’s Investors Service.

Fannie Mae’s risk sharing transaction may be similar to Freddie Mac’s deal but some key difference broaden the deal’s investor appeal an could tighten pricing by up to 50 basis points, said Deutsche Bank analysts in a report today.

Participants at ABS East held forth on value opportunities in securitization and how increases in interest rates, loosening underwriting standards and the debt ceiling stalement ought to inform investor behavior over the short-to-medium term.

Sears, the other major retail tenant in retail CMBS that remains under credit stress, is listed as a tenant in 197 loans compared to 254 loans for JCPenny. The two are frequently co-anchors of securitized regional malls.

J.P. Morgan priced the top rated portion of its JPMCC 2013-INN CMBS about 10 basis points wide to guidance.

Virgin Australia is readying its first issue of enhanced equipment notes, according to a presale report from Fitch Ratings.

Fannie Mae and Freddie Mac filed paperwork Monday to merge the two companies' securitization platforms into a single unit, according to the Federal Housing Finance Agency.

It was predictable that ABS East would be rife with criticism of how eminent domain is being used by local governments to seize mortgages.

CIT Asset Management is preparing a rare sterling-denominated CLO, according to a presale report published by Standard & Poor’s.

Don't listen to the noise about a growing bubble in housing, said ABS East participants. There's plenty of reasons to believe there's nothing of the sort.