Securitization

The portfolio comprises primarily of motor vehicle retail installment sale contracts and/or installment loans secured by new and used automobiles and light-duty trucks.

The Federal Reserve Bank of New York announced today the sale of the rest of the securities in the Maiden Lane III (ML III) portfolio.

Moody's Investors Service has outlined the main type of risk that securitizations backed by cash flows from single-family rental properties would present in a report published today.

Sources say Fannie Mae has toyed with the idea of no repurchases after 24 months while Freddie has discussed a larger window.

The central bank is planning to sell $3.4 billion in toxic mortgage debt today that it inherited four years ago when it bailed out AIG.

GoldenTree Asset Management’s latest CLO will allow for up to 40% of its holdings to be invested in bonds, a large portion atypical of CLOs.

For the week ending Aug. 23, Freddie Mac reported that rates were at their highest level since the last half of June when they were at 3.66%.

The acquiring firm also appoints Andrew Platt to its executive team as head of business development.

The GSE issued a “request for proposal” or similar document to potential vendors late in the spring and anyone receiving it was asked to sign a nondisclosure agreement about its contents.

The Menendez-Boxer bill that would allow more Americans to refinance their mortgages has stalled in the Senate amid a partisan dispute.

Fitch subjected its ratings on prime auto loan ABS to two stress scenarios, which are moderate and severe.

Royal Bank of Scotland analysts think that the current price levels may limit the chances of a sustained rally through yearend, even if market conditions stay comparatively stable.

The Mortgage Bankers Association reported the Refinance Index fell 9.2% or 467 points to 4610, the lowest the index has been since the week of the July 4 holiday.

The new guidelines streamline documentation requirements, waive deficiencies for borrowers who have completed a short sale and set standard payments for subordinate lien holders.

The company said it will use the proceeds to “fund the continued growth of its correspondent lending business and to acquire additional mortgage loans or other investments."

LPS will now offer RentRange reports to clients looking for accurate rent projections for real-estate-owned properties.

Would-be GSEs reformers should remember that the GSEs influence commercial and multifamily mortgage-related securities markets as well as single-family ones

Ellington Financial will use the proceeds to acquire assets such as agency MBS and non-agency RMBS.

The Mortgage Industry Advisory Corp. is selling almost $8 billion worth of Ginnie Mae servicing rights for an undisclosed client.

The recently revised HARP has narrowed the differences between Fannie and Freddie’s refinancing programs and their prepayment speeds