Securitization

Insurance regulators remain steadfast in their position that certain kinds of bonds should be treated as structured securities, even amid criticism that the move will make them less attractive to their most important investors.

The chief author of the Dodd-Frank Financial Reform Act took exception to what he called "the revolt against risk retention," saying requiring originators to hold 5% of the loan amount on their books is "one of the central things we did in the bill."

Raj Date, the de facto head of the Consumer Financial Protection Bureau (CFPB), said Tuesday that misaligned incentives led to some of the major problems in mortgage servicing and still persist.

DBRS hired Chris D'Onofrio for its structured finance group as a senior vice president. D'Onofrio will focus his efforts in the firm's ABS group as a lead analyst.

The latest Jumbo securitization from Redwood Trust, the only issuer that has been in the market recently has a lot of positives as usual. But among its few negatives is a slightly reduced and somewhat idiosyncratic geographic concentration risk that may be offset by the strength of the regional originator the produces it.

Residential lenders issued $27.8 billion of GNMAs in August, a slim gain of just $14 million from the prior month, according to new figures released by the Department of Housing and Urban Development (HUD).

Moody's Investors Service has assigned provisional ratings to the $50 million whole business securitization from NuCO2.

The Securities and Exchange Commission (SEC) today voted (4-0 today) unanimously to propose a rule intended to prohibit certain material conflicts of interest between ABS sellers and investors.

Fannie Mae and Freddie Mac will hike their guaranty fees some time next year to better reflect “that which would be anticipated in a private competitive market,” Federal Housing Finance Agency (FHFA) acting director Ed DeMarco said Monday morning.

Marathon Asset Management hired three new partners for its structured and corporate credit businesses.

Information services firm Markit is launching a new family of indices referencing CMBS issued since 2010. The Markit TRX.II indices will begin trading on Oct. 3.

This week there are three auto deals that have surfaced in the ABS market. The three companies that have brought these deals to the securitization market are Nissan Motor Acceptance Corp. (NMAC), Toyota Motor Credit and Volkswagen.

RBS Securities (RBS) hired Tom Majewski to join RBS's global banking and markets division in the Americas as a managing director in its ABS finance coverage and advisory team.

Citigroup is seeking to gain control of more than $2 billion of CLOs, apparently in order to liquidate them and unwind related trades.

ASR just launched a weekly video news update to give our readers a quick rundown of breaking news throughout the week.

Now that Walter Investment Corp. has officially purchased subservicer Green Tree Servicing, St. Paul, Minn., and its parent company, GTCH Holdings, it has changed certain job duties of executives that joined the firm.

Bank examiners are exploring whether the nation's depositories have accurately valued $845 billion of home equity and second liens, according to seven people with direct knowledge of the matter, according to a report by Bloomberg.

It's not looking good for fans of keeping the higher GSE loan limits, but that hasn't stopped housing, realty and mortgage trade groups from promoting the issue through their elected officials.

Mike Perry, who led IndyMac Bancorp until its collapse in 2008, is trying to rehabilitate his image, waging a public campaign rarely seen from an executive of a failed bank.

Toyota Motor Credit Corp. filed with the Securities and Exchange Commission (SEC) to issue a more than $1 billion deal under its Toyota Auto Receivables 2011-B Owner Trust.