Securitization

Finacity Corporation structured a $150 million securitization for the Manitowoc Company.

Fannie Mae president and CEO Timothy Mayopoulos said the GSE recognizes the outsized role it is playing in the mortgage market but is working on trying to attract more private capital to the business, he told attendees at the Mortgage Bankers Association’s annual convention in Chicago today.

Lender Processing Services said today it has added two supplemental data modules to enhance McDash, its loan-level database.

Citi is underwriting a $67.4 mln structured finance deal for the state of Delaware that is backed by energy efficiency revenue bonds, according to an official statement published on the deal.

coverage of IMN's ABS East 2012 Conference

Speakers at one panel of Information Management Network’s ABS East conference think the industry will come around to this field’s potential of socially responsible investing.

Nearly a half decade after the start of the mortgage crisis, portions of borrower vetting for securitized mortgages are still being done primarily by loan originators. This causes a potential risk management gap, particularly for non-Fannie Mae and Freddie Mac-backed mortgages that are bundled and sold as mortgage-backed securities.

The Federal Deposit Insurance Corp. announced that Oaktree Capital Management was the winning bidder for commercial real estate loans of the failed bank, Tennessee Commerce Bank .

Regulators are moving forward with proposals to apply the corporate bond transparency system known as TRACE (Transaction Reporting And Compliance Engine) to the entire MBS and ABS markets,according to Saber Partners.

Credit card securitizations almost exclusively consist of receivables of well-seasoned, high-quality cardholder accounts that have performed well despite persistently high unemployment, according to a Moody's Investors Service report published today.

Santander Consumer Bank pre-placed its Svensk Autofinans 1— the first Swedish securitization of 2012.

The subordinated B-piece market has absorbed $1.6 billion in supply year-to-date, surpassing 2011's $1.5bn figure, according to Standard &Poor's.

The Royal Bank of Scotland said in a report today that the Spanish financial entity established to take over risky loans, but not RMBS, will begin operations on Nov. 19, under the name of Sareb.

ABS East 2012, organized by Information Management Network (IMN), is on track to be a little bigger and more upbeat than last year’s conference.

Moody's Investors Service published an "unsolicited" comment today, warning investors that it would not have assigned a 'Aaa' rating to the senior notes in the Royal Bank of Scotland's Isobel Finance No.1 PLC deal; Europe's first non-performing real estate loan portfolio CMBS.

Springleaf Financial is planning a RMBS structured with one senior note, four mezzanine notes, two subordinate notes, one residual note, and one trust certificate, according to a Standard & Poor's presale report.

Shellpoint Partners' RMBS structure will accept loans facilitated by loan brokers and correspondents.

Fairway Outdoor Advertising has a $257 million billboard, whole-business securitization deal in the works, according to Fitch Ratings.

PHH Corp and Automotive Rentals, Inc. are in the market in the market with securitizations of fleet lease backed notes sized at $450 million and a $419mn respectively.