Securitization

The vacancy rate for properties backing Blackstone’s Invitation Homes single-family rental securitization declined to 6.5% in February, from 8% in January.

Ginnie Mae has halted the transfer of mortgage servicing rights from Bank of America to a nonbank servicer because the bank is missing documents such as recorded mortgages and title policies on the underlying home loans.

Since the first securitization of single-family rental properties materialized last November, the sector has drawn criticism from housing analysts and politicians.

Fitch Ratings has taken positive rating action on 150 tranches of 113 structured finance transactions that are capped relative to the sovereign ratings of Ireland, Portugal and Spain.

Barclays analysts believe the regulators will find it hard to ignore a call last week by the European Central Bank (ECB) and Bank of England (BoE) to ease the rules governing securitization activity in Europe.

A bipartisan group of senators announced a deal Thursday to reauthorize and extend the country's terrorism risk insurance program, which is expected to be taken up by the Banking Committee in coming weeks.

Volkswagen Bank plans to issue a securitization backed by € 952 million ($1.3 billion) of German auto loans from its Driver series.

Creating a one-size-fits-all approach to collateralized loan obligations does not harm Wall Street, it harms American businesses.

Structured finance lawyer Lawton Camp has joined Kaye Scholer as a finance partner in its New York office.

The primary sponsors of commercial real estate collateralized debt obligations will continue to be mortgage REITs, according to JP Morgant.

Toyota Motor Corp., a leader in the production of hybrid gas-electric vehicles, has completed the first “green” auto loan securitization.

Skipton Building Society plans to issue a new U.K. prime RMBS transaction, Darrowby No. 3 that is strucgurd with only by on publicly placed, British pound sterling-denominated tranches.

Lloyds Bank will offer two British pound sterling-denominated senior tranches in the upcoming, investor-placed, credit card ABS issued from its Penarth program.

View manager rankings for the year through April 18 for the different ABS sectors, including real estate, credit cards, student loans, autos, and collateralized debt obligations.

The Western Riverside Council of Governments securitizes Property Assessed Clean Energy Bonds.

Kroll Bond Ratings Agency plans to rate the M1 and M2 notes of Freddie Mac's latest $966 million risk-share securitization, STACR 2014-DN2.

Two academics at Michigan Technology University argue that aggreggating standardized assets is key to solar securitization, which can meaningfully reduce funding costs for developers.