Securitization

Despite the economic recovery, demand for single-family housing is declining while the need for rental apartments is rising, according to speakers at an Urban Land Institute conference in Washington.

Ford Motor Credit Co. (FMCC) is in the market with a transaction called Ford Upgrade Exchange Linked Notes Series 2011-1 (FUEL notes).

Putnam Investments plans to launch a new REIT to primarily buy RMBS guaranteed by a U.S. government agency or a GSE.

Australian deposit-taking institutions are likely to issue covered bonds once proposed legislation is enacted, according to a recent report by Standard & Poor’s. The agency added that the highest rated and larger originators are most apt to float these deals.

Barclays Bank 's Gracechurch Card Program Funding will issue its sixth deal under its medium-term note program.

Fannie Mae is once again offering to pay 3.5% in closing costs for buyers of its repossessed homes, the number of which has nearly doubled in the past year.

A proposed settlement with the top five mortgage servicers could prolong the foreclosure crisis, drive up mortgage interest rates, slow new home construction and cost $7 billion to $10 billion a year, according to a study from three top economists.

DBRS has conducted recent analysis that showed that the national average timeline from 30- days delinquent to REO is currently at 23 months.

After the Federal Reserve Bank of New York conducted its first auction of Maiden Lane II (ML II) bonds last week, it is following up with two auctions this week.

The only bank that has been penalized for mortgage servicing lapses got slapped for doing the opposite of what state attorneys general have been demanding.

State attorneys general and Consumer Financial Protection Bureau (CFPB) officials on Monday agreed to cooperate on enforcement actions and work together to prevent evasions of consumer protection laws.

The Federal Home Loan banks and their members are urging the Federal Housing Finance Agency (FHFA) to scrap a proposal that would make it tougher to join — and stay a part of — the cooperative system.

The Obama Administration’s white paper on the future of the GSEs may have muddied the issue as much as it clarified it.

Nissan Motor Acceptance Corp. (NMAC) is issuing a $1.04 billion transaction under its Nissan Auto Receivables Owner Trust (NAROT).

Investors have proven slow to return to the European securitization market. The limited appetite has been matched by a lackluster amount of securitization supply that market analysts said has created an imbalance in secondary and primary securitization pricing.

Moody's Investors Service will be extending the comment period on proposed changes to its modeling framework for cash-flow CLOs.

The Department of Housing and Urban Development (HUD) released a contingency plan if budget negotiations held today fall and the government shuts down, which mortgage market participants are sure will happen.

The Federal Deposit Insurance Corp. (FDIC) is expected Tuesday to propose new capital requirements for certain swap participants, as well as guidelines for adjusting the premiums of large banks.

The dollar number of U.S. fixed-rate loans that were liquidated in March rose by 49% from the levels in February, according to Trepp. However, the majority of loans with losses have losses of less than 2%.

A U.S. government furlough that last more than a few days will have an effect on mortgage origination, agency RMBS analysts said.