Securitization

Mortgage rates held near their historic lows in the week ending November 29.

Mercedes-Benz has issued two new deals from its dealer floorplan master trust structure.

The nation’s top five servicers had a combined servicing market share of 55.6% at Sept. 30, a stunning loss of eight points in share over the past 12 months.

FHFA acting director Edward DeMarco noted that the g-fee hikes will move GSE pricing “closer to what it would be were mortgage credit risk borne solely by private capital.”

Credit Suisse has won a small victory in a legal battle over its sale of MBS.

Consumer asset backed securitization volume potential for 2013 may be suppressed by the rise in student loan debt, according to a Wells Fargo report.

CMBS loans are likely to increasingly feature in Collateralized Loan Obligations.

Mortgage application activity was little changed overall in the holiday-shortened week ending Nov. 23.

The Public Service Commission of West Virginia, the state’s energy regulator, has delayed a securitization proposed by American Electric Power (AEP) by two months.

Another CMBS transaction is in the works called COMM 2012-CCRE5, according to an SEC filing today.

Standard & Poor's estimates that CMBS issuance in the U.S. will hit $45 billion dollars in 2013.

Credit card delinquency and default rates continued to drop in the third quarter, except for a slight increase in the sub-sector of retail, DBRS said.

The qualified mortgage test and risk retention rules will cement Fannie Mae and Freddie Mac’s dominance in the secondary market.

Centerline Capital Group said on Monday that it closed its first non-multifamily financing.

Today the Board of the IOSCO published the final report on Principles for Ongoing Disclosure for Asset Backed Securities, which is a guide to securities regulators.

Mortgage bankers issued almost $37 billion of Ginnie Mae MBS in October, a 6% decline from the month prior.

Retailers that are major CMBS tenants have posted mixed results.Online retailing continues to accelerate and it’s causing a shift in the business models of retailers and by extension; it’s also causing a shift in the business models of landlords that provide space to retailers.

UBS claims that the FHFA waited too long to file suits that charged it and other underwriters with misconduct in the sale of RMBS.

Cole Taylor Mortgage is seeking out MSRs packages in the range of $200 million to $500 million.