ABS

Approximately 38% of existing home sales in 2009 were distressed sales and 12% were short sales, according to the National Association of Realtors (NAR).

GMAC Canada is in the market with an auto loan. The offering, called Canadian Capital Auto Receivables Asset Trust III, is lead by Scotia Capital.

Problems with commercial real estate sent commercial mortgage bond delinquencies higher in December, according to Fitch Ratings that warned that the number of problem loans will only increase over the next two years.

The overall effect of the proposed one-size-fits-all risk retention rule for securitization remains uncertain.

The latest Barclays Capital European stress test on Dutch RMBS found that the sector is still as fundamentally sound as is generally believed.

A nonbank home lender has found an answer to the funding problems that have plagued such firms, one that should get it through most of the year.

Fannie Mae beat Freddie Mac by a country mile in the loan modification race by moving borrowers who do not qualify for the government's Home Affordable Modification Program or HAMP into alternative restructuring plans.

Standard & Poor's Ratings Services has lowered its ratings on 99 classes from six RMBS transactions.

More than 6% of securitized commercial real estate mortgages are 30 days or more past due, according to a new report issued by Trepp.

PennyMac may have found a buyer for two different pools of loans it put out for bid in December, according to investment banking sources who work in the nonperforming loan market.

Some lenders fault the Department of Housing and Urban Development's (HUD) plan to strengthen the Federal Housing Administration (FHA) for — of all things — reducing regulation.

Crown Castle International Corp. (CCI) is in the market with a refinancing of $1.9 billion in senior secured notes.

The ongoing The TCW Group and Jeffrey Gundlach soap opera completed another episode yesterday when the money management firm filed suit against the bond pro and his new institution in Los Angeles Superior Court.

The New York Federal Reserve regularly conducts a risk assessment of the proposed collateral as part of the process for reviewing requests for Term ABS Loan Facility (TALF) loans to be backed by legacy CMBS.

Fannie Mae speeds picked up more than expected across 5% through 6.5% coupons in December.

The forum of three global regulatory bodies appointed by the G20 group of countries last November to device ways to strengthen regulatory oversight submitted its recommendations this week.

Pacific Investment Management Co. (PIMCO) named Sabrina Callin as acting head of PIMCO Advisory effective immediately.

Commercial finance firm NewStar Financial completed a $275 million CLO. The proceeds will be used to refinance existing debt and provide $50 million of new lending capacity.

James Freel will manage the real estate investment group at Amalgamated Bank as senior vice president and chief real estate officer for its institutional asset management and custody division, it was announced today.

The seasonally adjusted 30-day delinquency rate on home equity lines of credit jumped 20 basis points in the third quarter from the previous quarter to a new record of 2.12%, according to an American Bankers Association survey.