Securitization

Jaymes Financial of Virginia is offering a $61 million portfolio of delinquent residential loans —an auction that is actually a "re-trade" of an earlier sale.

Carlton Group was retained on behalf of various CMBS trusts on the sale of around $307 million of non-performing loan and REO assets located throughout the U.S.

A special report by A.M. Best found that European banks still face significant challenges in managing funding and liquidity.

Karson Management’s specialist alternative collateral provider called Karson Capital closed its $825 million collateral transaction for ING Insurance.

Non-traditional ABS asset classes — including transportation asset leasing and timeshare — are on the road to recovery despite the economy’s depressed state, according to Standard & Poor's analysts.

Sen. Bob Corker has asked the administration to justify removing the cap on Fannie Mae and Freddie Mac's government financing.

While rising mortgage rates are crimping originations, loan servicers are beginning to benefit from what could turn out to be a boom in the value of their portfolios.

Fitch Ratings' latest 12-month forecast for rate recasts on prime and Alt-A credit RMBS indicates that more than $47 billion of collateral could be affected by rate shock.

Brian Lancaster, head of MBS, CMBS and ABS strategies at RBS Securities, believes investor demand will remain intact and likely will continue to drive CMBS yield premiums narrower in 2010.

Approximately 38% of existing home sales in 2009 were distressed sales and 12% were short sales, according to the National Association of Realtors (NAR).

GMAC Canada is in the market with an auto loan. The offering, called Canadian Capital Auto Receivables Asset Trust III, is lead by Scotia Capital.

Problems with commercial real estate sent commercial mortgage bond delinquencies higher in December, according to Fitch Ratings that warned that the number of problem loans will only increase over the next two years.

The overall effect of the proposed one-size-fits-all risk retention rule for securitization remains uncertain.

The latest Barclays Capital European stress test on Dutch RMBS found that the sector is still as fundamentally sound as is generally believed.

A nonbank home lender has found an answer to the funding problems that have plagued such firms, one that should get it through most of the year.

Fannie Mae beat Freddie Mac by a country mile in the loan modification race by moving borrowers who do not qualify for the government's Home Affordable Modification Program or HAMP into alternative restructuring plans.

Standard & Poor's Ratings Services has lowered its ratings on 99 classes from six RMBS transactions.

More than 6% of securitized commercial real estate mortgages are 30 days or more past due, according to a new report issued by Trepp.

PennyMac may have found a buyer for two different pools of loans it put out for bid in December, according to investment banking sources who work in the nonperforming loan market.

Some lenders fault the Department of Housing and Urban Development's (HUD) plan to strengthen the Federal Housing Administration (FHA) for — of all things — reducing regulation.