Securitization

Moody's Investors Service will rate the new U.K. RMBS deal issued from Santander U.K.'s Fosse Master trust.

Forget credit cards or mortgages. Mike Slocum wants to offer you a loan against your new jail cell door.

On Tuesday, the New York state court hearing the $8.5bn Countrywide settlement case said it will limit the number of loan files to be requested from Countrywide to between 150 and 500.

Bill King joined Carrington Holding Co. as its chief investment officer and head of asset and risk management.

Mortgage application activity recorded a modest 1.7% increase in the week ending May 4 as mortgage rates set new historical lows.

A suit that started with over a dozen plaintiffs against MBIA is down to two after Natixis Financial Products withdrew from the suit Monday.

One of the architects of the $26 billion settlement with five major servicers expects some borrowers will see the principal balance of their mortgages reduced by over $100,000.

The first bulk sale of 2,500 Fannie Mae REO properties will sell at a discount to single assets, but has the potential to drive prices up after the first $10 billion to $20 billion in foreclosed homes are sold to institutional investors and converted to rentals, according to the Amherst Securities Group (ASG).

Lenders, for the first time, are facing the possibility of paying "actual damages" as a result of the “qualified mortgage” (QM) definition, an attorney warned attendees at the Mortgage Bankers Association's (MBA) National Secondary Market Conference in New York.

Mortgage originations will fall to their lowest level in five years in 2012, according to the latest forecast by the Mortgage Bankers Association (MBA).

Moody's Investors Service has updated its structured finance CDO methodology. These deals' ratings consider the credit assessments of non-Moody's rated assets that are inferred from the ratings given by other rating agencies.

Freddie Mac released the results of its 1Q12 refinance analysis. The study showed that homeowners who refinance are still strengthening their fiscal position.

An executive at Redwood Trust — the only active Jumbo MBS issuer out there — said the firm has been able to expand its business despite challenges, including the government’s continued domination of the market.

Mayer Brown has hired David Stewart as a partner in its real estate practice. The new hire was formerly a partner with Latham & Watkins in New York.

The Mortgage Bankers Association is calling for a merger of Fannie Mae and Freddie Mac’s mortgage bonds both as a “first step” in transitioning into a single security. The change would save taxpayers billions and ensure a liquid and stable housing finance system, the group believes.

GE Capital is marketing a $750 million dealer floorplan master note trust securtization that will be rated by both Moody's Investors Service and Fitch Ratings.

After the Maiden Lane III MAX CDO sale, last week roughly $1.5 billion face value of super-senior CDO bonds or the entire remaining balance of WAVE 2007-1 and 2007-2 A1s were put out for bid, according to JPMorgan Securities analysts reported.

In 2004, I had the unique distinction of being perhaps the only person in history to have the U.S. Senate place a bounty on his head. I didn't rob a train. My crime was leading a federal investigation into misconduct at Fannie Mae.

Santander Consumer USA is in the market with Santander Drive Auto Receivables Trust (SDART) 2012-3.

PrinceRidge has hired five new directors to its RMBS unit. With these additional hires, the firm's RMBS group has grown to more than 24 people.