California Gov. Jerry Brown violated state law by diverting more than $331 million in mortgage settlement funds for uses unrelated to housing, a Superior Court judge ruled.

Citi and Renew Financial recently closed the first ever securitization under the Warehouse for Energy Efficiency Loans.

Freddie Mac is preparing its fifth offering of risk-sharing notes of the year and the second with exposure to actual mortgage losses.

Westlake Financial Services and American Credit Acceptance both launched their second subprime auto securitizations of the year.

Asset-backed securities that priced in the two weeks ended June 12, 2015.

Issuance of ABS, MBS and CMBS for the year through June 12, 2015.

Santander Consumer USA is marketing its third subprime auto loan securitization of the year under its Santander Drive Auto Receivables Trust (SDART) program.

There’s been plenty of talk about the potential benefits of hiring a third party to monitor the quality of collateral in residential mortgage-backed securities, but so far, no action.

Nissan Motor Acceptance Corp is preparing to issue $750 million of securities backed by auto lease, according to a deal document.

Access Point Financial priced the first securitization of loans made to hotel franchisees that are secured by by furniture, fixtures, and equipment.

GM Financial, the captive auto-financing arm of General Motors, sold all but the class A2 notes of its sophomore auto lease securitization at wider spreads relative to its inaugural securitization issued in March.

A dramatic last-minute drop is occurring in a corner of the market for collateralized loan obligations ahead of a deadline for U.S. banks to get rid of some of their holdings.