The recent CMBS backed by nonperforming commercial real estate (CRE) loans from Rialto Capital Advisors is the beginning of a trend, Fitch Ratings said in a recent report. It is the first CMBS to be backed by nonperforming loans (NPLs) in years.

The events that affected trading this week revolved primarily around $99 billion in Treasury supply. The Federal Open Market Committee (FOMC) held a two-day meeting with the statement, summary of economic projections and a press conference taking up most of Wednesday afternoon.

At least one dozen — and perhaps more — of Ally Financial’s nonbank warehouse lending customers are searching for back-up lines of credit, fearing the government-owned lender may soon cut back, according to interviews conducted by National Mortgage News this week.

A new €402.4 million ($532 million) Finnish auto loan securitization is marketing this week from SCF Rahoituspalvelut Limited.

Ford’s Motor Co.’s return to investment grade status is a milestone for the auto industry, even if it has emerged from the credit crisis and recession in much better shape than its peers.

Moody’s Investors Service Thursday issued a negative report on the bond insurance industry.

It appears that higher premiums are starting to have a profound effect on the Federal Housing Administration’s (FHA) “streamline” refinancing program.

MetLife Thursday afternoon said it will exit the reverse lending business — where it ranks among the top five producers — selling the division to Nationstar Mortgage of Texas.

Corporate fleet-lease ABS year-to-date issuance this year is at $1.3 billion, according to Standard & Poor's analysts in an emailed note released this morning.

The Federal Reserve Bank of New York just announced that it has sold the entirety of the MAX CDO holdings from its Maiden Lane III LLC (ML III) portfolio to Barclays Capital and Deutsche Bank Securities following a competitive bid process.

Residential Capital Corp./GMAC earned $217 million in the first quarter, but its residential originations plummeted by 53%, as the near-closing of its correspondent division weighed heavily.

The 30- and 15-year fixed mortgage rates eased back to within one basis point of their record lows to 3.88% and 3.12%, respectively, in the week ending April 26 said Freddie Mac.