Securitization

An N.Y. judge is considering a petition of investors to intervene in Bank of America's proposed $8.5 billion MBS settlement.

Credit card chargeoff rates are on track to finish the year below the levels at which they entered the recession.

Cerberus Capital Management and Chatham Lodging Trust have pulled out of the deal to buy the assets of 66 hotels from bankrupt lodging company Innkeepers USA Trust.

Wyndham Worldwide Corp. is in the market with Sierra Timeshare 2011-2 Receivables Funding (Sierra Timeshare 2011-2) offering worth $250 million.

The national delinquency rate on outstanding home mortgages ticked up to 8.44% in the second quarter, which means roughly $793.4 billion of residential loans are 30 days or more past due.

CHC Helicopter Corp. has increased an existing trade receivable securitization to $75 billion from $55 billion.

The loan-limit countdown has begun. In lieu of lower loan limits on conforming loans and mortgages insured by the Federal Housing Administration (FHA), some lenders have already stopped taking applications for financing in amounts above $625,500.

The biggest short- and long-term challenges facing commercial real estate (CRE) relate to the large amount of debt maturing between now and 2015, said an executive with Deloitte.

Credit card chargeoffs have been plunging since the middle of last year, moving against the tide of an anemic jobs environment but supported by slowing bankruptcies.

Bank regulators have long kept state officials at arm's length, but the Consumer Financial Protection Bureau (CFPB) is forging a close relationship with state attorneys general to enforce consumer banking laws.

Potential homebuyers are "spooked" by the stock market tumbling, the deficit mess in Washington and economic news, according to a Moody's Analytics (MA) economist.

Cerberus Capital’s reported delay of its purchase of some Innkeepers USA assets is a sign of uncertainty in the market, Standard & Poor's said this morning. This is viewed as a negative for CMBS credit.

Homebuyers are double dipping on available federal- and state-run mortgage finance programs, in some cases buying a home with a mortgage that requires virtually no down payment.

While lawmakers raising concerns about a potential merger is nothing new, Rep. Barney Frank added a unique twist to his letter asking the Federal Reserve Board to take more time to review the Capital One-ING Direct transaction: the potential for systemic risk.

CREL CDOs delinquencies dropped for the third consecutive month, the latest index results from Fitch Ratings showed.

The auto loans backing rated ABS deals continued to show signs of improvement in July, according to a report from Standard & Poor's.

Cantor Fitzgerald analysts said in a report today that they expect Redwood Trust will be able to fund its growing pipeline and retained subordinate RMBS without having to raise equity anytime soon.

Fannie Mae continues to ratchet up its requests for seller/servicers to repurchase delinquent loans, while its smaller rival Freddie Mac has actually reduced its buyback claims over the past four quarters.

Sales of single-family existing home sales fell 4% in July after a 1% increase in June, but condominium sales were unchanged month over month, according to the National Association of Realtors (NAR).

The U.S. Court of Appeals for the Eighth Circuit has rejected an appeal from Fair Isaac Corp., Minneapolis, letting stand a judge's ruling dismissing some of its claims before trial against VantageScore Solutions, Stamford, Conn., and Experian, Costa Mesa, Calif.