Securitization

View the year-to-date manager rankings through March 22 for the different ABS sectors, including real estate, credit cards and autos.

Longstanding tensions within the American Securitization Forum (ASF) boiled over in March, when most of its board of directors resigned and formed a new trade group.

A relatively weak framework of representations and warranties in a $616-million residential mortgage-backed security from JP Morgan injected fresh fuel into a discussion that’s been running for several weeks

editors letter

By tweaking one aspect of its methodology for rating securitizations, Moody’s Investors Service has set the stage for more downgrades of deals issued out of peripheral Eurozone countries.

Federal Housing Finance Agency Acting Director Edward DeMarco said a single mbs platform could be a building block for a new mortgage market

Buyers of private-label mortgage backed securities still have a beef with the federal mortgage modification plan, which allows holders of a second-lien on distressed properties to jump ahead of first-lien holders in terms of payment priority.

Banks are expected to start buying riskier portions of collateralized loan obligations (CLOs) in response to a deposit-insurance rule change that takes effect this month.

With consumer spending on the rise and investors warming to more esoteric assets, timeshare operators are increasingly turning to the securitization market to finance loans.

As banks exit mortgage servicing, new players are turning to

Buyers of private-label mortgage backed securities still have a beef with the federal mortgage modification plan, which allows holders of a second-lien on distressed properties to jump ahead of first-lien holders in terms of payment priority.

Federal Housing Finance Agency Acting Director Edward DeMarco said a single mbs platform could be a building block for a new mortgage market

Representation & Warranties issues may have had something to do with where JP Morgan’s priced its RMBS deal this week; but its structuring was also to blame.

By tweaking one aspect of its methodology for rating securitizations, Moody’s Investors Service has set the stage for more downgrades of deals issued out of peripheral Eurozone countries.

With consumer spending on the rise and investors warming to more esoteric assets, timeshare operators are increasingly turning to the securitization market to finance loans.

As banks exit mortgage servicing, new players are turning to

Ally Bank is planning a $1.25 billion prime auto loan securitization, according to a presale report by Fitch Ratings.

John Deere Capital Corp. plans to issue a $851.42 million equipment lease- backed securitization, according to prospectus supplement filed with the U.S. Securities and Exchange Commission today.

The Federal Housing Finance Agency’s new initiative to help streamline modifications for eligible borrowers is likely only to have a minimal impact on MBS, according to analysts at JP Morgan.