Securitization

Ford Motor Credit Co. has filed a shelf registration for a new auto receivables securitization deal using the Ford Credit Auto Owner Trust.

EFS Volunteer is in the market with a $227.9 million transaction. The offering is backed by FFELP.

Bank of America Trust 2010-2 is in the market with a $1,002.1 million transaction. The offering is backed by automobile loans.

Freddie Mac and Fannie Mae have selected Veros Real Estate Solutions as a technology vendor for their Uniform Collateral Data Portal (UCDP).

The performance of Portuguese residential mortgage-backed securities was mixed in April, according to a report from Moody's Investors Service.

Securitization market participants appear to be unified on eight issues related to risk retention proposals and split on two, according to a draft report by a group that represents both the "buy" and "sell" side of trades.

RAM Holdings Ltd. announced the repurchase of $25.0 million of its 6.875% senior notes due 2024 for $14.3 million, realizing a gain of $10.7 million.

Quantifi announced the release of two new products- Quantifi CVA (Credit Valuation Adjustment) and Quantifi Counterparty Risk - currently in beta testing with a select few clients.

The former regulator of Fannie Mae and Freddie Mac said nationalizing the troubled GSEs is a bad idea, declaring that all government insurance programs are slated to fail.

Banks and mortgage servicers are not repossessing a massive backlog of distressed properties, which is likely to further depress home prices and prolong the housing crisis.

The House of Representatives Thursday afternoon overwhelmingly passed a Federal Housing Administration (FHA) reform bill allowing the agency to triple annual premium payments to 150 basis points, a move designed to bolster the insurer's wobbly finances.

JPMorgan Chase Commercial Mortgage Securities Corp. priced its $716.3 million CMBS, which offered a below-investment-grade piece, according to a Reuters report.

Interactive Mortgage Advisors, Denver, has launched a new fund to invest $100 million of cash in delinquent residential loans, but also "scratch and dent" products, GSE "kickbacks" and performing notes.

The performance landscape for U.S. dealer floorplan ABS is likely to improve for the already resilient asset class, according to Fitch Ratings.

Jones Day announced the addition of Richard White as partner in its Atlanta office. White joins the firm' real estate practice.

Blocking Rescues, or Challenging Bum Deals?

Many troubled banks are pleading with investors to sell trust-preferred securities back to them at a discount, warning they may fail otherwise. But a small group of investors are calling the banks' requests a bluff.

Guggenheim Securities, a Guggenheim Partners subsidiary, hired Robert Brennan and Anand Gajjar for its commercial real estate finance group as senior managing directors.

RBS Securities will add three new members to its global banking and market division, the firm announced today.

Janney Montgomery Scott will add five people to its fixed income team, including a former MBS trader from LPL Financial, the firm announced today.