Finance

American Suzuki Motor Corp.'s, bankruptcy is only marginally negative for the country's rental car ABS sector, Moody's reported.

Commercial and multifamily mortgage originations fell in the third quarter from a year earlier because of less lending for retail and office properties.

Mortgage bankers are certain that if the fund goes negative, it will result in a premium increase for consumers.

Gleacher & Co. adds two managing directors Brendan Keane and Robert Miller to its MBS and rates division.

Credit card receivables backing asset-backed transactions posted late-stage delinquencies of 1.71% in October, the first increase this year.

Non-profit public corporation Vermont Student Assistance Corp. is planning to sell a deal called Student Loan Asset-Backed Notes, Series 2012-1.

The rating agency cited the pending acquisition by Ocwen of ResCap's loan servicing unit.

Some banks, after shrinking their investment in servicing, may see value in the product.

Mortgage application activity rose 12.6% in the week ending Nov. 9, according to the Mortgage Bankers Association.

A $950 million CMBS backed by the fee interest in 1290 Avenue of the Americas has joined this week's CMBS pipeline.

Lawsuits that charge Goldman Sachs and Deutsche Bank with misleading mortgage investors may proceed, a federal judge in Manhattan has ruled.

Redwood Trust is planning to sell its sixth transaction of 2012 called Sequoia Mortgage Trust 2012-6, a Jumbo prime RMBS transaction.

Raj Date, the CFPB's No. 2, will leave the agency after it finalizes a package of mortgage rules it is currently writing, a spokeswoman said.

The securitization vehicle set up to fund the tariff deficit in the Spanish power industry will be selling €110 million of debt securities backed by a Spanish government guarantee.

Although European CMBS saw a boost in new issuance in September, with two new transactions closing in a single month for the first time since August 2007, S&P believes that this activity is not indicative of a "sustainable rebound".

Moody’s says that the higher education sector was recently blessed with a credit positive but that the sector will experience mixed credit conditions in the next few years.

A crucial audit will be released on the FHA mutual mortgage insurance fund, but recent figures released by the agency indicate that late payments are headed in the wrong direction.

Mortgage servicers are making a push to remind homeowners who may be facing foreclosure they have roughly 48 days to request independent reviews.

With year-to-date issuance reaching $34 billion, analysts expect full-year 2012 issuance to reach roughly $40 billion, Standard & Poor's analysts said.

Allonhill, Denver, recently laid off roughly 10 full-time appraisers because of a cutback by one of its mortgage clients, according to industry officials close to the matter.