Securitization

Securitization structures have widely been known to be a longstanding roadblock when it comes to working out the mass of problem loans originated between 2005 and 2008 — but that is starting to change, according to Jeffrey Taylor, managing director at Digital Risk.

A study from VantageScore Solutions shows there are more than 60 million creditworthy consumers who are potential borrowers in the U.S.

Experian announced that CreditHorizonsSM for Securities, which delivers Experian’s consumer credit information for non-agency MBS.

Fitch Ratings has withdrawn Wilshire Credit Corp.'s U.S. residential servicer ratings.

The final provisions of the Credit CARD Act take effect in August, but issuers are still in the dark about several key requirements that will affect how they calculate penalty fees.

In light of regulatory trends, Moody’s Investor Service said that bank-sponsored ABS can face rating downgrades in the absence of adjustments to these programs' structural features or, as an alternative, an assurance from the Federal Deposit Insurance Corp. (FDIC).

Mortgage rates for the week ending June 3 remained almost the same from last week, according to Freddie Mac.

An independent analysis of the Federal Home Loan Bank of San Francisco's investment portfolio is fueling doubts about the health of the bank, the largest of the 12 institutions in the system.

DBRS further clarified its interpretation of Securities and Exchange Commission (SEC) rule 17g-5. The credit rating agency disclosed its planned approaches for both exempt and non-exempt structured finance (SF) instruments in light of the changes to the said ruling.

Guy Carpenter & Co. named Bill Kennedy as global CEO of analytics, capital markets, specialty practices and advisory effective July 1.

Bank of America Corp. said Wednesday that most of the home-mortgage borrowers it had planned to offer principal reductions under a company program will instead be funneled to a government initiative that gives the servicer incentive payments.

Rep. Brad Sherman, D-Calif., is urging House conferees on a regulatory reform bill to support a Senate-passed amendment aimed at reforming the credit rating process that led to 'AAA'-ratings for subprime mortgage-backed securities that have subsequently faced several waves of downgrades.

Moody's Investors Service launched a new quarterly newsletter called Structured Credit Perspectives, which was published beginning today.

A substantial number of at-risk homeowners' loans have been modified under the government’s Home Affordable Modification Program (HAMP), according to a report released today by HOPE NOW.

Moving away from Washington D.C., the American Securitization Forum (ASF) has announced that its annual conference, ASF 2011, will be held in Orlando, Florida next February.

The 30-day or more past due rate on securitized multifamily mortgages rose 28 basis points in May to 13.34%-dashing hopes that delinquencies in that sector of the commercial real estate market had stabilized.

Just 10% of the re-REMIC deals Fitch has been presented with get rated in the wake of a number of restrictions it has put in place over the last year and ratings in the category are less volatile as a result of the move.

Ally Financial,formerly GMAC, is getting back into wholesale mortgage lending by extending the centralized underwriting team it uses for correspondent and retail lending to brokered loans.

Bob Howard, a mortgage industry veteran who has worked in both the prime and nonprime sectors, is working with a nonbank lender to enter the jumbo market.

Despite near record low mortgage rate levels, refinancing response was very muted for the week ending May 28.