Securitization

In December, the 30-day plus delinquency rate on multifamily mortgages continued to climb, according to new figures compiled by Trepp.

Ally Bank is in the market with an $1.06 billion auto loan ABS called Ally Auto Receivables Trust (AART) Series 2011-1.

Most people believe the Basel III capital rules are buttoned up. International regulators worked hard, agreed in December to impose tough standards and then gave bankers eight years to meet them.

If only the administration's task in fixing housing finance was as easy as choosing plan A or plan B.

HOPE NOW released its final 2010 loan modification data. The group estimated that 1.76 million homeowners received permanent, affordable loan modifications from mortgage servicers in 2010.

The GSEs are looking at how to better align servicing fees with the servicer’s cost structure and how to create a servicing asset that is more capital friendly under Basel III.

U.K. supermarket retailer Tesco is planning a ₤680.0 million ($1.09 billion) securitization of rental income derived from 21 retail stores located in the U.K.

Fitch Ratings published an exposure draft introducing its new rating model that determines losses on newly originated residential mortgages.

Morgan Stanley and Bank of America yesterday began marketing the second CMBS offering so far in 201l, according to a Dow Jones report.

Leaf Financial has completed a small-ticket mixed equipment issue.

As expected mortgage application activity rebounded in the week ending Jan. 28 as the previous week was not adjusted for the Martin Luther King Jr. holiday.

Before 2011 even began, the prediction for asset quality in the new year turned decidedly positive.

Ally Financial reported its fourth consecutive quarterly profit Tuesday and its chief executive said the auto and mortgage lender is hyperfocused on repaying its $17.2 billion bailout as the company prepares for an initial public offering.

The head of the only active U.S. bond insurer on Tuesday ridiculed the new bond-insurer ratings methodology proposed by Standard & Poor’s as unjustified, irrational, and too subjective.

Citigroup late last month sold a $517 million portfolio of nonperforming mortgages, according to market sources.

To help more underwater borrowers, Senator Barbara Boxer, D-Calif., has introduced a bill that requires Fannie Mae and Freddie Mac to stop charging high fees on refinancings of guaranteed mortgages with high loan-to-value ratios."These fees are discouraging borrowers from refinancing in a time of historically low mortgage rates, making it more likely that they will eventually default," said the California Democrat.

A 'qualified residential mortgage' (QRM) rule that does not include a mandate for mortgage insurance will not necessarily harm the MI industry, according to a new report from FBR Capital Markets.

DriveTime Automotive Group is in the market with a $214.181 million auto ABS transaction called DT Auto Owner Trust 2011-1.

Fannie Mae introduced of Fannie Mae Guaranteed Multifamily Structures or Fannie Mae GeMS.

As the CMBS market preps for its take off with the upcoming launch of the Deutsche Bank and UBS $2.2 billion CMBS deal, market analysts said that new-issue CMBS will be driven by rising risk appetite, improving economic sentiment and the persistent supply/demand imbalance.