Securitization

GE Capital is in the market with GE Capital Credit Card Master Note Trust Series 2012-1 worth roughly $606 million.

The Securities and Exchange Commission (SEC) has charged the investment advisory arm of UBS with failing to properly price securities in three mutual funds that it managed.

Structured finance software solutions provider Principia Partners has said that Serone Capital Management has chosen its Software-as-a-Service (SaaS) Platform for consolidated portfolio management, risk surveillance and operational control across its European credit investment business.

Senior tranches of vanilla ABS and RMBS deals in Europe should continue to benefit from the flight-to-quality mentality that has recently held sway in the continent, analysts from the Royal Bank of Scotland said Tuesday in an asset-backed strategy report that provides an outlook for 2012.

Some banks might be skittish about selling nonperforming loans in bulk, but the market clearly likes it when banks shed problems en masse.

VW Credit (VCI) is in the market with Volkswagen Auto Loan Enhanced Trust 2012-1 (VALET 2012-1) worth $1 billion.

An increase in late-stage arrears for prime Dutch RMBS is causing a build-up in potential foreclosure stock. However, a stall in the foreclosure process for these transactions will continue to pressure their collateral performance, according to a Fitch Ratings report.

Assured Guaranty Europe (AGE) has issued a financial guarantee for a U.K. Private Finance Initiative bond issue, the first European monoline wrap since the financial crisis erupted.

The Federal Reserve Bank of New York may be looking to resume sales from it Maiden Lane II portfolio, according to several market reports.

Mortgages continued to perform well through the second week of the New Year despite 10-year note yields declining below 1.90% (to 1.857% Friday morning) on continued uneasiness associated with Europe.

JPMorgan Chase suffered a residential repurchase loss of $390 million in the fourth quarter, a 17% increase from the year earlier period, and a sign that Fannie Mae, Freddie Mac and other secondary market investors are not easing up on their buyback demands.

Freddie Mac said it plans to issue a Mortgage-Linked Amortizing Notes security.

Goldman Sachs this week asked a federal court in Los Angeles to dismiss a billion-dollar private label MBS related lawsuit brought against the firm by the National Credit Union Administration.

Apollo Commercial Real Estate Finance Inc. has refinanced with Wells Fargo all of the debt outstanding under the Term Asset-Backed Securities Loan Facility (TALF) program administered by the Federal Reserve Bank of New York.

Redwood Trust, Inc. announced today that Brett Nicholas will take on the role as the mortgage REIT's President. Fred Matera will take over Nicholas' previous role of Chief Investment Officer.

Investment advisory firm, American Realty Capital hired Andrew Winer to lead a number of the firm’s strategic debt initiatives.

Banks' risk managers are growing more concerned about the stability of the student loan market and fear that delinquencies on most types of consumer loans will increase in the coming months, according to a FICO survey.

Capital Markets Cooperative, a secondary market specialist, is continuing to look at possible acquisitions, but is in no rush to sign on the dotted line.

The credit outlook for U.S. asset-backed commercial paper (ABCP) in 2012 is negative, although the outlook for the credit quality of assets funded by ABCP is neutral to improving, according to a Moody's Investors Service report on the sector.