Finance

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.

Centerline Capital Group said on Monday that it closed its first non-multifamily financing.

Today the Board of the IOSCO published the final report on Principles for Ongoing Disclosure for Asset Backed Securities, which is a guide to securities regulators.

Mortgage bankers issued almost $37 billion of Ginnie Mae MBS in October, a 6% decline from the month prior.

Retailers that are major CMBS tenants have posted mixed results.Online retailing continues to accelerate and it’s causing a shift in the business models of retailers and by extension; it’s also causing a shift in the business models of landlords that provide space to retailers.

UBS claims that the FHFA waited too long to file suits that charged it and other underwriters with misconduct in the sale of RMBS.

Cole Taylor Mortgage is seeking out MSRs packages in the range of $200 million to $500 million.

Deals from Sallie Mae and American Credit Acceptance are filling the ABS pipeline this week.

Kroll has assigned preliminary ratings to BAMLL 2012-PARK, a $300 million CMBS single borrower offering.

The Mortgage Forgiveness Debt Relief Act is slated to expire at the end of the year unless Congress passes a bill to continue it in the next few weeks.

The annual FHA actuarial report showed that loans originated after fiscal-year 2009 downward will perform much better and generate needed revenue for the agency's mortgage insurance fund.

The expected growth will be driven by rising auto and credit card supply, JPMorgan analysts said in a report released last week.

Mortgage application volume decreased by 2.2% on a seasonally adjusted basis for the week ended Nov. 16, according to the MBA.

CREL CDO delinquencies registered their first rise since May 2012, Fitch Ratings reported based on its latest index results.

The affected securities are backed by first- or second-lien residential mortgages, private student loans, RMBS, CMBS and ABS, the agency said.

S&P/Experian composite default index went up nine basis points to 1.55% in October, although has dropped 60 basis points year-over-year.

The move to raise the premium should not become a considerable impediment to refinancing for most FHA borrowers since they can still apply for a mortgage.

New York Attorney General Eric Schneiderman has filed a lawsuit against Credit Suisse for allegedly deceiving investors in MBS.