Securitization

Fannie Mae's $180 billion multifamily (MF) loan portfolio appears to be in decent shape, suffering little in the way of serious delinquencies, according to a new public filing.

The Peter Cooper Village/Stuyvesant Town $3 billion A-note loan has been transferred to specialty servicer CWCapital due to the sponsors' request for relief.

Senate Banking Committee Chairman Chris Dodd launched a tough opening salvo Tuesday in the regulatory reform debate, unveiling legislation that would go well beyond other plans to redraw the financial services regulatory map.

The Ginnie Mae guaranteed a record $418 billion in MBS in fiscal year 2009, but it turned out to be less profitable than in previous years.

New York Higher Education Loan Program is in the market with a $100 million offering backed by private student loans named State of New York Higher Education Finance Authority, NYHELPs Education Loan Revenue Bonds, 2009 Series A

Freddie Mac had credit-related expenses of $7.5 billion for the third quarter, which was the leading driver of its $6.3 billion net loss to common stockholders.

Total delinquencies and monthly defaults on U.S. timeshare ABS dropped in 3Q09, according to the latest timeshare ABS index from Fitch Ratings.

Paladin Strategic Partners acquired a controlling interest in HomeSaver Mortgage Management.

Advanta Bank Corp. may slip into Federal Deposit Insurance Corp. (FDIC )receivership, according to its parent company that filed for Chapter 11 bankruptcy protection on Sunday in Delaware.

The Treasury Department has turned down Fannie Mae's request to sell roughly $2.6 billion in low-income housing tax credits (LIHTCs) to Goldman Sachs. The denial letter came late in the day Friday.

Developers Diversified Realty Corp. (DDR) is selling $400 million of debt in the first deal to be sold under the Federal Reserve's Term ABS Loan Facility (TALF) new-issue CMBS program, according to published reports.

RLJ Western Asset Management has completed an initial closing of a Public-Private Investment Fund (PPIF) for the U.S. Department of Treasury’s Public-Private Investment Program (PPIP).

Later this week an American Securitization Forum (ASF) committee is expected to vote on TBA delivery rule changes, possibly increasing the Jumbo loan limit to 20% from the 10% it is currently.

The Federal Housing Finance Agency (FHFA) said late Friday that the Federal Home Loan Bank of Seattle remains "undercapitalized" and will not be allowed to redeem or repurchase stock or pay dividends.

The Federal Deposit Insurance Corp. (FDIC) will be holding a meeting on Nov. 12 to discuss a proposed memorandum and resolution related to the safe harbor regulation it issued in 2000.

Just a week after industry players gathered at Information Management Network's ABS East event — where securitization players still seemed down on the prospects of a CDO market staging a return — Citigroup is reportedly marketing a rated CDO.

Investment management firm RS Investments added a new portfolio manager, it announced late Thursday.

Lending through the Federal Reserve Board's discount window grew less than 1% over the past week, to almost $110 billion.

USAA Federal Savings Bank priced its $1 million auto loan ABS yesterday. Barclays Capital and Credit Suisse were lead managers on the deal.

Buyout activity was evident in FNMA 2008 and 2007 premium coupon vintages. Speeds on 6s, 6.5s and 7s increased around 20% on those production years versus expectations of a 10% increase.