Securitization

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.

What was billed as a relatively small exception to a risk retention rule is now in danger of becoming so big it may render the regulation nearly useless.

Credit card customers are the happiest they've been since the financial crisis, thanks in part to a government crackdown on the card industry.

Bond insurer CIFG Assurance sued Goldman Sachs and M&T Bank Tuesday for fraud and breach of contract involving its commitment to guarantee $275 million of MBS.

Freddie Mac reported new record lows across fixed- and adjustable-rate mortgages for the week ending Aug. 18 on the flight to quality rally based on worries related to global growth and European Union debt.

Democratic Rep. Gary Ackerman plans to introduce legislation aimed at jumpstarting the housing market by providing two new enticements to homebuyers.

During a downturn, consumers are much more likely to use — and to repay — general-purpose credit cards than retail cards, and pretty much every major retail issuer tried to bail out of the business at some point over the last few years.

Markit has teamed up with the Depository Trust & Clearing Corp. (DTCC) to boost the secondary market for leveraged loans by providing simultaneous transfer of cash and loan assets.

Close to 96% of the non-agency RMBS that were either traded/offered over the past month had a National Association of Insurance Commissioners (NAIC) 'NAIC 1' rating, according to a report from Amherst Securities Group (ASG).

The bankruptcy court signed off on Lehman Brothers Holdings’ plan to generate as much as $2 billion for creditors by securitizing a portfolio of commercial loans.

Lewtan appointed Salil Donde as chief executive officer. Donde joins Lewtan from Marshall & Swift/Boeckh, a provider of essential property information solutions.

The number of private student loans defaulting in 2Q11 increased by 5% from 1Q11, according to the Moody's Investors Service Private Student Loan Indices.

Atlanta-based SunTrust Banks said C.T. Hill, its corporate executive vice president and head of consumer banking and mortgage, would now have his primary focus on the company's mortgage business.

Bank of America Corp. may settle a state and federal probe of foreclosure practices in a deal that allows New York to proceed with an inquiry into securitizations, said a Bloomberg report citing two people with direct knowledge of the talks.

Avis Budget Rental Car Funding (AESOP) is in the market with a $300 144A deal called Avis Budget Series 2011-5.

Mortgage application activity increased a modest 4.1% in the week ending Aug. 12 despite further declines in mortgage rates, reported the Mortgage Bankers Association (MBA) this morning.