ASR News Update

April 23, 2014 5:19 PM

3:15

In this week's newscast: Lawsky targets Ocwen for alleged "self-dealing" that inflates fees for homeowners and investors; improving underwriting standards among subprime auto-loan lenders; S&P cuts forecast for non-agency RMBS issuance.

Consumer ABS

TRENDING

Securitization

Chase Auto Owner Trust prepares to sell $1.2 billion in notes

Spreads ranging from 16-18 basis points over the three-month, interpolated yield curve on the P1 (Moody's) and F1+ (Fitch) notes, to 160 to 170 over the benchmark on the class D notes.

By Donna M. Mitchell

April 25
Esoteric ABS

Credit investors snap up bonds backed by art loans, internet addresses

Esoteric ABS deals — backed by collateral other than student, auto, credit card and equipment loans — have risen to about 31% of the ABS market from 9% over the last decade.

By Immanual John Milton and Carmen Arroyo

April 25
Originations

Mortgage rates rise on weak economic news

Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.

By Brad Finkelstein

April 25