Finance

The European Central Bank this week said it will delay the go live date of its European DataWarehouse, pushing the implementation timeline for RMBS to Jan. 3, 2013 from Dec. 1, 2012.

Redwood Trust said it has closed on a $291 million securitization of mezzanine loans and other subordinate commercial real estate debt.

Freddie Mac’s efforts to support the pricing of its MBS — known as “participation certificates”— resulted in a spike in its loan and MBS purchases in October.

Moody’s Investors Service said in a report today that the AvalonBay and Equity Residential’s acquisition of Archstone Enterprise’s multifamily portfolio poses integration risk and will cause immediate deterioration in leverage metrics for both companies.

Craig Eastmond has been appointed managing director of capital markets at United Realty Capital, the company announced today.

JPMorgan Chase is in the market with a CMBS deal called Commercial Mortgage Securities Trust 2012-PHH.

Mortgage rates held near their historic lows in the week ending November 29.

Mercedes-Benz has issued two new deals from its dealer floorplan master trust structure.

The nation’s top five servicers had a combined servicing market share of 55.6% at Sept. 30, a stunning loss of eight points in share over the past 12 months.

FHFA acting director Edward DeMarco noted that the g-fee hikes will move GSE pricing “closer to what it would be were mortgage credit risk borne solely by private capital.”

Credit Suisse has won a small victory in a legal battle over its sale of MBS.

Consumer asset backed securitization volume potential for 2013 may be suppressed by the rise in student loan debt, according to a Wells Fargo report.

CMBS loans are likely to increasingly feature in Collateralized Loan Obligations.

Mortgage application activity was little changed overall in the holiday-shortened week ending Nov. 23.

The Public Service Commission of West Virginia, the state’s energy regulator, has delayed a securitization proposed by American Electric Power (AEP) by two months.

Another CMBS transaction is in the works called COMM 2012-CCRE5, according to an SEC filing today.

Standard & Poor's estimates that CMBS issuance in the U.S. will hit $45 billion dollars in 2013.

Credit card delinquency and default rates continued to drop in the third quarter, except for a slight increase in the sub-sector of retail, DBRS said.

The qualified mortgage test and risk retention rules will cement Fannie Mae and Freddie Mac’s dominance in the secondary market.