Securitization

Shenkman Capital Management is in the market with its first collateralized loan obligation since the financial crisis.

Moody’s Investors Service real price Commercial Property Price Indices (CPPI) showed that U.S .commercial real estate prices fell by 0.6% in April.

Last week's sell-off moved fixed mortgage rates from their record lows set during the week ending June 7.

The European DataWarehouse came in for some criticism at Information Management Network’s and Association for Financial Markets in Europe’s Global ABS 2012 conference, which is being held in Brussels this week.

There has been strong investor interest in the secondary and primary markets for European auto securitizations, according to panelists at the Global ABS 2012 conference being held in Brussels this week by Information Management Network and the Association for Financial Markets in Europe.

The Federal Reserve Bank of New York today moved ahead with its planned auction of $1.9 billion from its Maiden Lane III portfolio that include assets from the Altius I and Altius II CDOs.

SunTrust Mortgage has named two new executive presidents, hiring industry veterans from PNC Mortgage and IBM Corp.

Fannie Mae, which boasts a “credit enhanced” delinquency rate of roughly 8% on its guaranteed loans, is moving closer to launching a pilot program to dispose of some of its nonperforming loans, according to industry advisors familiar with the GSE’s plans.

Standard & Poor's this week reaffirmed Clayton Holdings as a third party due diligence provider for RMBS after the rating agency completed its annual review of the company.

Maureen Stewart joined NewOak Capital as managing director of mortgage credit and compliance services, where she will help establish an “integrated, expert-driven mortgage credit advisory services platform.”

Paramount Residential Mortgage said it has hired former Caliber Funding official Dave Pilotte as its new wholesale manager in charge of the Inland Valley area and Southern California.

Expectations for an effort to rebrand Europe’s securitization industry, making it more acceptable to regulators and investors, are decidedly mixed.

GE Capital is issuing two securitizations worth $680 million via the public market.

The Government National Mortgage Association (GNMA) is in no rush to sell the $11.5 billion of mortgage servicing rights that it inherited almost two years ago when nonbank lender/servicer Taylor, Bean & Whitaker failed.

Scholar Funding Trust plans to issue the $219 million student loan securitization, according to a Fitch Ratings presale report.

Discover Financial Services, Riverwoods, Ill., has finally closed on its purchase of LendingTree Loans, also known as Home Loan Center, from Charlotte, N.C.-based Tree.com for a total purchase price of $46 million. An additional $10 million of the purchase price is due on the first anniversary of the purchase, subject to certain conditions.

It appears that Nationstar’s acquisition of the bankrupt Residential Capital Corp. is far from a done deal.

Global ABS 2011 – Today kicks off Information Management Network’s (IMN) Global ABS 2012 in Brussels. The conference will be held until Thursday, June 14.

A federal judge ruled in favor of two investors involved in litigation against Bank of America, offering an alternative insiders see as a self-help way to mitigate conflicts of interest between lenders and investors of asset-backed commercial paper.

Shawn Miller has parted ways with nonperforming mortgage investor Arch Bay Capital, but is now starting a new origination firm backed by the company he left.