Finance

Mortgage application declined 2.5% for the week ending Aug. 31 despite easing in mortgage rate levels.

The continued price growth in most markets should lead to increased recovery values for non-agency MBS investors, Bank of America Merrill Lynch analysts said.

California Reinvestment Coalition complained that the top five mortgage servicers are stressing short sales under the national mortgage settlement instead of keeping borrowers in their homes.

This is the first dip in the rate since February, according to CMBS data provider Trepp.

Walter Investment Management Corp. has agreed to buy Reverse Mortgage Solutions in a deal worth $120 million.

The FHFA study on single-family g-fees shows the fees paid by the five largest lenders averaged 26 basis points by yearend 2011.

GM Financial is set to sell a $1.1 billion auto ABS while Volkswagen is planing to issue a German auto lease-backed offering.

Following the €500 million ($629 million) placement of the first aircraft covered bond in early July, the head of origination at the issuing bank Norddeutsche Landesbank, Thomas Cohrs, believes the prospects are good for further issuance.

Paris-based independent cooperative finance firm Groupe GIAC arranged the €80 million cash transaction. GIAC provides long-term financing to French companies.

The search for yield is providing some much-needed liquidity for a small corner of a market that has yet to recover from the financial crisis: auction rate securities.

There is no rest for weary U.S. ABCP market participants who have been 'up against it' almost non-stop for the past five years.

Activity in the primary securitization market was muted in August, with little new issuance in auto loans.

The continued difficulty of acquiring repossessed, single-family homes to rent on a significant scale makes it unlikely that these assets will be securitized this year.

Whatever the program's intentions, it is wrong to believe that the GSEs would not be financially damaged by the proposed program.

Spreads draw investors back even as deal terms loosen.

Paris-based independent cooperative finance firm Groupe GIAC arranged the €80 million cash transaction. GIAC provides long-term financing to French companies.

This month ASR tackles a wide range of topics, from thorny issues such as regulations and eminent domain to the delayed onset of securitization of REO-to-rent homes.

MBS prepayment numbers for August are expected to jump, in part because of an increased number of days on which mortgage holders can finalize a refinancing. The market is projected to see the opposite effect in September, which will have fewer such days.

View the year-to-date manager rankings for the different ABS sectors, including real estate, credit cards and autos.

The CMBS market may get a turbo boost early next year, when an updated benchmark will enable market participants to more effectively hedge positions.