ABS

Issuance of Ginnie Mae MBS fell 24% to $22.8 billion in March with consumers taking a more cautious approach to the housing market.

Sequoia Mortgage Trust 2010-H1, the first securitization of recently originated jumbo loans since 2008, has been priced in the public market.

GMAC subsidiary Ally Bank is in the market with a dealer floorplan securitization. The $546.9 million transaction is lead managed by Credit Suisse.

As the private-label mortgage bond market comes back to life, REITs may play the lucrative central role that belonged to banks and Wall Street firms during securitization's precrisis heyday.

Top executives at two credit rating agencies defended themselves Friday against charges that, to retain market share, they knowingly issued inflated ratings on MBS before the financial crisis and put off making needed changes in their standards.

Information services company Experian has hired Brian Vonderhorst as director of business development and sales for Experian Capital Markets.

According to an internal memo obtained by ASR, the Americas asset securitization group (ASG) at Barclays Capital will now be co-headed by Jay Kim and Cory Wishengrad.

The servicing issues affecting the Kazakh Mortgage Backed Securities 2007-1 B.V. transaction might not be limited to emerging markets deals, Fitch Ratings said.

Specialty finance company J.G. Wentworth completed a $252 million securitization backed by structured settlement and annuity backed receivables.

Toyota Motor Credit Corp. is in the market with a $1.25 billion auto ABS deal. Bank of America Merrill Lynch, Barclays Capital, and JPMorgan Securities are the lead managers on the aut0-backed offering.

NewOak Capital appointed Carlos A.G.Vigon as managing director, commercial real estate investments and services.

The Financial Industry Regulatory Authority (FINRA) has indicated that requirements for regulatory reporting of MBS and ABS trades through TRACE will become effective on February 14, 2011.

The first recently originated private-label/Jumbo securitization to hit the market since 2008 shows a deal of this type can be issued despite today's uncertain regulatory environment, but in such an environment the kind of immediate business incentives needed to bring a full market together to do such deals are still not clear.

First American Corp. is buying Experian Information Solutions' 20% stake in First American Real Estate Solutions for $314 million.

Marathon Asset Management, New York, a hedge fund that jumped into the nonperforming mortgage market a few years back, will no longer invest in distressed whole loans, according to officials close to the situation.

The Treasury Department is threatening to deny or even claw back incentive payments to mortgage servicers that are not modifying loans, according to the administration's guidelines.

The last time the bank loan market saw a spattering of new CLOs, Twitter was just getting started and Britney Spears was still growing back all of her hair. Now, the details of four new CLOs have begun circulating, one of which will consist of new loans, a source familiar with the deal said.

A loan sales executive has departed Deutsche Bank for Bank of America Merrill Lynch, Leveraged Finance News has confirmed. The move comes as both banks are adding staff in various credit market positions.

New home sales soared 26.9% in March to a seasonally adjusted annual rate of 411,000, the largest monthly increase in 43 years, rebounding from a record low in February, the Commerce Department reported today.

Bank of America Merrill Lynch hired Jonathan Shiff as head of Americas corporate derivatives and foreign exchange, the bank said this week.