Securitization

The Federal Reserve Bank of New York has postponed the sale scheduled for today from its Maiden Lane III portfolio.

Spanish securitizations may have proven more resilient than originally expected during the Eurozone crisis.

GE Capital has filed an S-3 with the Securities and Exchange Commission (SEC) dated May 16 to issue under its GE Capital Credit Card Master Note Trust.

In a emailed note released early this morning, Standard & Poor's analysts said that they expect auto-related ABS issuance to continue to track vehicle sales for the remainder of 2012.

To resolve billions in failed-bank loans that had no buyers at the point of closure, the Federal Deposit Insurance Corp. (FDIC) has formed 32 complex vehicles to carry some of the agency's load from the crisis. But not everyone is a fan of the deals.

Deliquencies for bankcards were lower or stable in April for six major issuers, although charge-offs were higher for four lenders, Standard & Poor's analysts reported in their midday commentary.

Mortgage delinquencies continued on their downward path in the first quarter with 7.4% of all loans considered past due, the lowest reading since the third quarter of 2008, according to new figures compiled by the Mortgage Bankers Association.

Morgan Stanley isn’t the only bank marketing a CLO this week; its competitors are shopping at least four other deals.

Two New York Senate Committee chairmen have raised the possibility of investigating bond insurer MBIA’s behavior in applying for a transformation of the company in 2008 and 2009.

When Residential Capital Corp. filed for bankruptcy protection earlier this week it left behind a trail of unsecured creditors with claims totaling well over $1 billion, according to court documents.

Federal Deposit Insurance Corp. (FDIC) General Counsel Michael Krimminger will be leaving the agency later this month to join the law firm of Cleary Gottlieb Steen & Hamilton as a partner in its Washington, D.C., office.

The Mortgage Bankers Association (MBA) reported a 13% surge in the Refinance Index to ~4220 from 3735 for the week ending May 1, while refinancing share as a percent of total applications rose to 74.9% from 72.1%.

Moody's Investors Service today commented on how it evaluates the effect of global and bank credit deterioration in Europe on structured finance securities.

False information provided to a regulating body considering the division of bond insurer MBIA into two parts should invalidate the split, according to the attorney for the banks suing MBIA in a hearing Tuesday.

The Federal Housing Administration (FHA) — which holds title to 700,000 seriously delinquent mortgages — plans to ramp up its single-family nonperforming loan sale efforts, according to housing commissioner Carol Galante.

Fitch Ratings has downgraded GMAC Mortgage's U.S. residential mortgage servicer ratings.

Triton Container is in the market with Triton Container Finance III LLC - Series 2012-1

Allonhill, a mortgage due diligence provider that two weeks ago lost a consulting contract with the Office of the Comptroller of the Currency, has given layoff notices to dozens of employees, according to industry consultants who were briefed on the matter.

Morgan Stanley is arranging a $470 million CLO for LCM Asset Management.

Auriga USA has boosted its fixed-income U.S. sales and trading operations with various new product lines.