Securitization

Non-profit public corporation Vermont Student Assistance Corp. is planning to sell a deal called Student Loan Asset-Backed Notes, Series 2012-1.

The rating agency cited the pending acquisition by Ocwen of ResCap's loan servicing unit.

Some banks, after shrinking their investment in servicing, may see value in the product.

Mortgage application activity rose 12.6% in the week ending Nov. 9, according to the Mortgage Bankers Association.

A $950 million CMBS backed by the fee interest in 1290 Avenue of the Americas has joined this week's CMBS pipeline.

Lawsuits that charge Goldman Sachs and Deutsche Bank with misleading mortgage investors may proceed, a federal judge in Manhattan has ruled.

Redwood Trust is planning to sell its sixth transaction of 2012 called Sequoia Mortgage Trust 2012-6, a Jumbo prime RMBS transaction.

Raj Date, the CFPB's No. 2, will leave the agency after it finalizes a package of mortgage rules it is currently writing, a spokeswoman said.

The securitization vehicle set up to fund the tariff deficit in the Spanish power industry will be selling €110 million of debt securities backed by a Spanish government guarantee.

Although European CMBS saw a boost in new issuance in September, with two new transactions closing in a single month for the first time since August 2007, S&P believes that this activity is not indicative of a "sustainable rebound".

Moody’s says that the higher education sector was recently blessed with a credit positive but that the sector will experience mixed credit conditions in the next few years.

A crucial audit will be released on the FHA mutual mortgage insurance fund, but recent figures released by the agency indicate that late payments are headed in the wrong direction.

Mortgage servicers are making a push to remind homeowners who may be facing foreclosure they have roughly 48 days to request independent reviews.

With year-to-date issuance reaching $34 billion, analysts expect full-year 2012 issuance to reach roughly $40 billion, Standard & Poor's analysts said.

Allonhill, Denver, recently laid off roughly 10 full-time appraisers because of a cutback by one of its mortgage clients, according to industry officials close to the matter.

Proceeds will refund the state’s $757 million tobacco securitization that sold last November to help the state wipe out a budget deficit.

Moody's has launched its unpublished monitored loan rating or UMLR service in the U.S. Its CLO methodology will treat the ratings under UMLR as identical to the agency's published ratings.

Multifamily and commercial mortgage loan provider Greystone has formed the Greystone Bassuk Group, a joint venture with The Bassuk Organization.

While Fannie Mae and Freddie Mac remained trapped in federal conservatorships, the two still dominate the mortgage market and little has been done to revive private lending. But that could be changing.

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