Securitization

CarMax Business Services and World Omni Financial Corp. are in the market with auto securizations.

Rep. Scott Garrett unveiled a reform plan on Thursday designed to draw the private sector back to the secondary-mortgage market after troubled Fannie Mae and Freddie Mac are eventually terminated.

Iowa Student Loan Liquidity Corp. is in the market with a student loan transaction worth $249 million, according to a preliminary offering memorandum. Morgan Stanley is managing the transaction.

A new timeshare deal from Starwood Hotels is slated to price next week, according to a Bloomberg report.

ABN Amro has set up a new securitization vehicle that largely mirrors the bank's existing Dolphin Master Trust.

Both the chief executive officer and the chairman of the board of Freddie Mac are stepping down within the next few months, the Federal Housing Finance Agency (FHFA) said late Wednesday.

Freddie Mac reported mortgage rates held fairly steady in the week ending Oct. 27. The 30-year fixed mortgage rate averaged 4.10% with an average 0.8 point, down one basis point from last week, while 15-year fixed rates were unchanged at 4.38%.

Babson Capital Management and its European arm Babson Capital Europe have postponed an IPO for a loan fund set to launch on the London Stock Exchange, according to a regulatory filing.

U.K. banking group Lloyds priced its latest transaction from its Permanent U.K. prime RMBS master trust.

Greenlight Financial Services, Irvine, Calif., will enter the wholesale channel and hopes to fund its first loan some time early next year.

Quantifi has launched a free online information source for professionals involved in counterparty risk management and credit valuation adjustment (CVA).

New home sales rose 5.7% in September thanks to strong purchase activity in the South and West, according to government figures released Wednesday morning.

Mortgage application activity picked up a modest 4.9% in the week ending Oct. 21 as conforming and Federal Housing Administration (FHA) mortgage rates held steady.

The nearly 900,000 borrowers who already refinanced through the Home Affordable Refinance Program (HARP) will not get another chance to lower their mortgage rates under the White House's newly revised initiative.

President Obama today will announce a series of additional steps to help Americans manage their student loan debt and make it easier for students to repay their loans. These measures are likely to affect prepayment rates on FFELP loans.

U.S. house prices dropped 0.1% on a seasonally adjusted basis from July to August, according to the Federal Housing Finance Agency’s (FHFA) monthly House Price Index.

Holtmeyer & Monson promoted Penny Newbauer to executive vice president. The firm said it also hired Josh Miller as vice president to play a key role in driving the company's ongoing expansion.

In a just-released report, Fitch Ratings said that one-in-three rating proposals for new structured finance transactions need considerable changes before these offerings can be rated.

Marine cargo container lessors are likely to cut back in spending if the global economy slows more than expected, according to Standard & Poor's analysts.

Citigroup has signed a deal to continue issuing private-label credit cards for Sears Holdings Corp. and its brands, including Kmart and Lands' End, the companies said on Tuesday.