Securitization

The plunge in oil prices may jeopardize almost $125 million of securitized loans backed by real estate in North Dakota, as drillers in the state scale back operations, Morningstar Credit Ratings said.

RAIT Financial Trust said it closed on its fifth commercial real estate collateralized loan obligation.

The strong recovery in commercial real estate has enabled borrowers to resolve a lot of problem loans made before the financial crisis, but Fitch Ratings continues to expect no recoveries from "hope notes."

Changes to the tax code approved by Congress may set the stage for increased privatization of real estate investment trusts, according to a new report from Fitch Ratings.

Property Assessed Clean Energy loans have been available in Florida since 2010, but lending, as well as securitization of these loans, has lagged far behind California largely due to a series of lawsuits challenging the program's validity.

The price of the loans underlying commercial mortgage-backed securities increased modestly from October to November, according to DebtX.

The rising number of Chinese buying U.S. homes could be a boon for investors with a stake in residential mortgages.

Vestin Realty Mortgage I Inc. in Las Vegas said it will seek to remove its common stock from trading on Nasdaq.

Some mortgage investors are refusing to buy home loans that are at risk of violations of new consumer-disclosure rules. The problem appears to be worst among nonagency jumbo loans purchased by private investors.

American Mortgage Consultants has bought JCIII & Associates, in a combination of providers of mortgage due diligence and consulting.

The Connecticut Housing Finance Authority issued more than $400 million of bonds in 2015 to finance mortgages at below-market interest rates for low- to moderate-income first-time homebuyers, according to authority officials.

Freddie Mac will begin issuing single-family mortgage-backed securities sometime next year via the new common securitization platform, the Federal Housing Finance Agency said Thursday.

Analysts at Kroll Bond Rating Agency predict issuance in bonds backed by commercial mortgages could hit $125 billion next year, even with borrowing costs rising as interest rates go up.

The commercial mortgage-backed securities delinquency rate improved from October to November, according to Fitch Ratings.

In their search for ways to shift the credit risk of mortgages from taxpayers to capital markets, Fannie Mae and Freddie Mac may be overlooking important players: the lenders that make these loans in the first place.

Most investors in a JPMorgan survey said they want to ditch the pricing benchmark now used for a variety of asset-backed bonds — the swaps curve — and go back to Treasuries. But it's not so easy.

Freddie Mac plans to issue $976 million of multifamily mortgage-backed securities later this week.

Javelin Mortgage Investment has negotiated a rebate agreement with its manager and taken other steps in a bid to reduce expenses by about $2.1 million.

CarVal Investors, which made its debut in the securitization market just last month, is back with a second helping of bonds backed by reperforming mortgages

Securitizations that involve commercial mortgages are increasingly dropping loans from their pools before the final transactions close, according to Fitch Ratings.