Securitization

Residential Capital's bankruptcy filing on May 14 is a credit negative for two major bond insurers, Moody’s Investors Service said.

Chariot Funding LLC and Jupiter Securitization Co. LLC financed a £750 million ($1 billion) consumer loan facility.

Commercial real estate prices, as they are measured by Moody's Investors Service/Real Capital Analytics (RCA) Commercial Property Price Indices (CPPI) national all-property composite, remained flat in March.

Freddie Mac has released a statement that Bank of America will be repurchasing $330 million loans out of its Freddie pools because of reps and warrants contractual issues.

JPMorgan has established price guidance on a $513.35 million CLO it is marketing for Carlyle Investment Management, according to Reuters.

Markit will add U.S. CMBS to its evaluated bond pricing service. Prices in the sector will be supplied by CMBS analytics provider Trepp.

Commercial lender CIT Group said today it named Neil Wessan a managing director and head of its capital markets group, effective immediately.

Private student lenders are increasingly offering fixed-rate products to borrowers attracted to the stability of the loan.

The idea of a student loan debt bubble looks exaggerated especially when compared to residential mortgages, securitization market experts said.

Press reports continue to mount over the possible exit of Greece from the eurozone, which can cause Greek RMBS defaults.

The Securities and Exchange Commission's (SEC) response to Royal Bank of Canada's (RBC) request to conduct registered public offerings of covered bonds is likely to fuel growing U.S. dollar demand, according to Fitch Ratings. For ASR's coverage on the topic, please click here.

A federal judge this week dismissed portions of the Securities and Exchange Commission's (SEC) case against two former executives of IndyMac Bank, the now defunct Alt-A giant that was initially started by Countrywide Financial Corp.

Citigroup, a somewhat frequent seller of nonperforming loans, is in the market with a $99 million package of troubled residential mortgages, according to investors that have looked at the package.

The Financial Industry Regulatory Authority (FINRA) has fined Citigroup Global Markets $3.5 million for posting inaccurate mortgage performance data, supervisory failures and other violations connected to subprime RMBS.

Moody's Investors Service became the second rating agency to restore Ford Motor Co.’s investment grade rating, a move that allows it to release the assets it uses as collateral for its outstanding loans – including its trademark blue oval symbol.

Bank of America is in the market with a $2 billion package of mortgage servicing rights tied to loans that reside in private-label securitizations, according to bidders and investors briefed on the package.

Sallie Mae will issue at least $6 billion or go up to $10 billion of SLABS this year. However, Kenneth Fischbach, director of capital markets at the firm, is envisioning around $8 billion of SLABS issuance from Sallie in 2012. These remarks were made at the American Securitization Forum annual meeting held this week in Washington D.C.

Panelists at this week's American Securitization Forum annual meeting drew comparisons between the mortgage market bubble to the one that is happening right now in student loans.

Federal Deposit Insurance Corp. (FDIC) Acting Chairman Martin Gruenberg expressed his support for the development of a U.S. covered bond sector at the American Securitization Forum's (ASF) annual meeting. The gathering is being held in Washington D.C. this week.

Freddie Mac has a new offering of its structured passthrough certificates that are backed exclusively by multifamily mortgages with a 7-year term worth roughly $1 billion.