Securitization

The Carlyle Group is planning a $494.2 million CLO. The deal, dubbed Carlyle Global Market Strategies CLO 2012-1, would be the private equity firm’s thirty-third, and its first new issue for 2012. It is an arbitrage cash flow CLO with a four-year reinvestment period, scheduled to end in April 2016, according to a presale report by Fitch Ratings.

The CMBS market appears to be looking up performance-wise, but there may be less of it in terms of outstandings, and despite stronger originations, according to a new report from Moody's Investors Service.

Investors will get a shot at picking up U.K. subprime paper via the new securitization of assets that were originated by GMAC Residential Funding Co.

As reported yesterday by ASR in this article, Morgan Stanley and Bank of America are teaming up to issue a CMBS conduit. For the Securities and Exchange Commission filing related to the deal, please click here.

Standard & Poor's analysts are projecting that 2012 Canadian covered bond issuance will reach C$20 billion. However, this number is below 2011's record C$25.7 billion.

Volvo Financial Services is marketing a $642 million equipment lease securitization.

The second conduit deal for this year, the $1 billion COMM 2012-LC4 from Deutsche Bank, priced tight to initial guidance amid signs of strong demand.

The Treasury Department has agreed to pay $171 million that it withheld from Bank of America, and JPMorgan Chase after the two servicers fixed problems in how they handled government-backed residential loan modifications.

Bank of America issued just $7.9 billion of Ginnie Mae securities in the fourth quarter, a 71% plunge from the same period in 2010, according to new figures compiled by ASR's sister publication, National Mortgage News and the Quarterly Data Report.

If the U.S. economy needs more stimulus, resuming the Federal Reserve's MBS purchase program “would probably be the best course of action,” according to San Francisco Federal Reserve President John Williams.

Halifax has announced it will raise its standard variable rate (SVR) from 3.50% to 3.99% beginning May 1.

First Marblehead Corp. sold its data services company and legacy trust administration business to Route 66 Ventures for $13.7 million.

American Electric Power's (AEP) Texas Central Co. (TCC) is issuing an $800 million utility-backed securitization.

Perpetual Trustee Co. is in the market with the first Australian ABS for this year.

Manager Activity: Autos Book Runner Amount (US$ Mil) Rank Mkt.

The recently unveiled HARP 2.0 initiative should be "fully" operational in late March or early April and is already exceeding expectations, according to Housing and Urban Development secretary Shaun Donovan.

What do the federal bureaucrats who run Fannie Mae and Freddie Mac know that private mortgage lenders don't?

The government's bulk sale initiative to turn foreclosed properties into rentals could be "counterproductive" in certain states, according to the National Association of Realtors (NAR)which is demanding the initiative be scaled back.

After a week of relative quietude via limited data and events that had many participants on vacation for the holiday-shortened week, headlines quickly heated back up to roil the mortgage market.

A federal judge has ordered the former CEO of Brookstreet Securities Corp. to pay a maximum $10 million penalty in a securities fraud case related to the financial crisis.