Securitization

Fannie Mae, Freddie Mac and the GSE regulators are reminding lenders that the maximum mortgage amount for conforming mortgages will remain unchanged for the first nine months of 2011.

Last Friday, CNH Capital America filed an S-3 with the Securities and Exchange Commission (SEC) to issue a potential six-tranche securitization backed by agricultural or construction equipment loans under its program called CNH Equipment Trust.

In the latest Amherst Mortgage Insight, Amherst Securities Group's Senior Managing Director in charge of research Laurie Goodman said that forecasting cash flows from month to month has become increasingly difficult.

Fannie Mae is auctioning off a $30 million pool of bulk real estate-owned properties, according to investors who have viewed the offering circular.

A voluntary merger among some of the 12 Federal Home Loan Banks may become a possibility now that the GSE regulator is trying to lay out a formal merger approval process.

Ambac Assurance Corp. is close to reaching a settlement that would wipe away more than $500 million of exposure to revenue bonds issued by the Nevada Department of Business and Industry for the Las Vegas Monorail, according to its regulator Thursday.

The split in the commercial real estate (CRE) market continues to widen, with historically high prices being paid for institutional properties in top markets, while other markets have little or no activity except for distressed property sales, according to the third quarter activity report from the CCIM Institute and the Real Estate Research Corp. (RERC).

Countrywide, which is now part of Bank of America Corp., routinely didn't bother to transfer essential documents for loans sold to investors, an employee testified.

Real estate asset investor Cole Real Estate Investments hired Mitchell Sabshon as executive vice president and chief operating officer.

Specialized asset management firm Dock Street Capital Management (DSCM) has opened an office in Hong Kong.

Credit Suisse expects to see GNMA prepayment speeds rise 10% to 15% during the November period, according to a recent report.

On the surface, the three homes appear to have just one thing in common: foreclosure.

Put-backs of defective mortgages are accelerating and the Federal Reserve Board is growing more concerned about the potential risks to the banking system.

Banque PSA’s AUTO ABS FCT Compartiment 2010-1 priced this week. The securitization's €500 million ($683 million) triple-A rated tranche priced within guidance levels at 135 basis points over the one-month Euribor.

The volatile reaction created by the Federal Reserve's QE2 drove demand down in the consumer ABS sector, Wells Fargo analysts said.

Even if new loan volume under FFELP will be revmoved, Bank of America Merrill Lynch analysts still expect new-issue SLABS volume for 2011 to be comparable to 2010.

The Securities and Exchange Commission (SEC) is reportedly investigating a complex $1 billion investment deal Citigroup arranged leading up to the financial crisis.

European ABCP has stabilized and will likely remain that way. It also has the potential for growth through product innovations, Moody's Investors Service said.

If government support of the mortgage market is reduced – either gradually or immediately – and the private sector doesn't fill the void with investment capital, it could have dire consequences for housing and residential finance, according to a new analysis released by Redwood Trust.

Last week's Chapter 11 filing by Ambac Assurance, which provides insurance on billions of dollars of MBS held by corporate credit unions (CUs), is likely to add to the price tag of the federal bailout of these wholesale institutions.