ABS

Risk is rising at an accelerated pace for prime and super-prime borrowers for all product sectors that include mortgage loans, bankcards and auto loans, according to findings from a study by VantageScore.

Term ABS Loan Facility (TALF) funding's impact on the securitization market is dissipating, according to Wells Fargo analysts.

U.S. District Court Judge Richard Sullivan issued a decision yesterday denying the MBIA defendants' motion to dismiss a class action fraudulent conveyance lawsuit.

Creditors of Taylor Bean & Whitaker (TBW) are seeking permission from a bankruptcy judge for authority to sue former company insiders, including president Lee Farkas, who founded the company and made it into a top 10 ranked lender.

The average size of commercial MBS loans moved into 'special servicing' has more than doubled over the past 12 months, according to Fitch Ratings.

Markit has introduced a new loan index to be used as a benchmark for investors with cash loan portfolios.

Fitch Ratings has discontinued its U.S. ABS seller/servicer ratings and has withdrawn all existing U.S. ABS seller/servicer ratings and related criteria.

With $1.4 trillion in commercial real estate loans coming due the next four years, someone's going to take a bath — and the water isn't warm.

Republican Sen. Bob Corker's decision to negotiate directly with Senate Banking Committee Chairman Chris Dodd on regulatory reform may boost the chances of reaching a bipartisan bill, but does not clarify how critical unresolved issues will be worked out.

The Royal Bank of Scotland (RBS) added two new hires to its MBS, CMBS, and ABS strategy team within its U.S. global banking and markets (GBM) division.

Highland Capital Management, which last week returned investments and closed its CLO Value Fund I, is preparing to kick off another similar fund, according to a source familiar with the matter.

Lennar Corp. late Wednesday purchased $3.05 billion of troubled loans from the Federal Deposit Insurance Corp. (FDIC) through a "structured transaction" deal.

The events currently surrounding Toyota Motor Corp. do not immediately affect the ratings of any North American or European ABCP rated by Fitch Ratings.

The Treasury Department and bank supervisors must undertake a coordinated effort to address a developing commercial real estate "crisis" that could be very damaging to the economy, according to a Congressional panel that oversees the government's Troubled Asset Relief Program.

Freddie Mac announced yesterday that it will purchase substantially all 120 days or more delinquent mortgage loans from the company’s related fixed-rate and adjustable-rate mortgage Participation Certificate (PC) securities.

Banks have been roundly criticized for shortcomings in their loan modification efforts, but executives said Wednesday that they are learning from their mistakes and experimenting with alternatives to help stressed borrowers.

Following the footsteps of Freddie Mac (see story on the featured articles section of StructuredFinanceNews.com), Fannie Mae is considerably increasing its purchases of delinquent loans from single-family MBS trusts.

As financial conditions improve, the Federal Reserve will start using agency MBS in reverse repurchase agreements to soak up excess reserves in the banking system and eventually start to sell MBS at a "gradual pace," according to Fed chairman Ben Bernanke.

Freddie Mac will begin a one-time buyout of substantially all its seriously delinquent loans — 120 plus days — in February. This activity will be reflected in the March 4 prepayment reports.

The Federal Deposit Insurance Corp. (FDIC) is pushing back its plan to securitize troubled mortgage assets into the second quarter, according to officials close to the situation.