Securitization

The number of delinquent loans backing commercial mortgage-backed securities dropped significantly in May, according to a report by Trepp.

Signs of increased underwriting discipline dissolved in the first quarter, creating a challenge for U.S. CMBS investors, according to Fitch Ratings.

A global bond-market slump pushed yields on benchmark U.S. mortgage securities to the highest level in more than seven months, signaling potential pressure on the American housing market amid its peak selling season.

Buyers of the unrated B tranche, which transfers the first 100 basis points of losses when homeowners default, will be paid a spread of 795 basis points over one-month Libor.

Citigroup is marketing $216 million of reperforming residential mortgage-backed securities and Two Harbors returns to market with its fourth prime RMBS of the year.

The Mortgage Partnership Finance Program, a part of the Federal Home Loan Bank of Chicago, will now offer a higher maximum loan on its MPF Direct product.

The delinquency rate for commercial and multifamily mortgages improved in the first quarter for most categories of investor, on higher property income, rising property values and a strong finance market.

The price of loans that underlie commercial mortgage-backed securities fell slightly from March to April, according to a market research firm.

The New York City Housing Development Corp. expects in June to price its inaugural sustainable neighborhood bonds transaction — a first nationally, say officials.

Colony American Homes paid up for its latest securitization of single-family rental homes, which has a duration-weighted blended interest rate of Libor plus 188.8 basis points.

JPMorgan Chase's $500 million settlement with pension funds over Bear Stearns' sale of mortgage-backed securities was approved by a federal judge.

Freddie Mac is in the market with its fourth risk-sharing transaction of the year.

Royal Bank of Scotland Group, Britain's largest taxpayer-owned lender, could pay as much as $4.5 billion to resolve claims of misconduct in its handling of U.S. mortgage securities.

Barclays dismissed mortgage-bond trader Yoon Seok Lee over claims that he lied to clients.

Colony American Homes is working on its third-ever single-family rental securitization, according to Kroll Bond Ratings Agency.

JPMorgan is marketing $379 million of securities backed by a pool of mostly 30-year, fixed-rate residential mortgages.

Lost in the debate so far over Shelby's regulatory relief bill are the significant changes it makes to the housing finance system. It essentially takes consensus elements from multiple past stabs at reform, leaving out the most controversial parts and making future reform far easier.

Fannie Mae is planning to follow the lead of its rival, Freddie Mac, and offer securities with exposure to actual losses on the single-family mortgages that it ensures.

Progress Residential plans to tap the securitization market with a deal backed by a $438 million, five-year loan that pays only on interest, which is secured on a pool of 3,317 single-family rental homes.

U.S. Bank and Bank of America won't have to face lawsuits claiming they failed to safeguard the interests of investors as required by their contracts.