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  • Santander U.K. could issue two more public residential mortgage securitizations this year following the release of its next deal mid-May, Fosse 2011-1, according to a senior London-based official at the bank.
  • The U.S. Department of Justice’s recent lawsuit against Deutsche Bank has had no effect on trading of secondary Ginnie Mae residential mortgage securitization bonds, according to an agency bond trader.
  • The percentage of delinquent loans in commercial mortgage-backed securities spiked a record 23 basis points to 9.65% in April, the largest monthly jump since December, according to Trepp.
  • Torchlight Investors is preparing to buy the non-investment grade tranche of an upcoming $1.5 billion commercial mortgage-backed securities deal from JPMorgan, its first B-piece acquisition.
  • Deutsche Bank is getting close to ridding its balance sheet of a legacy commercial loan that was meant to be securitized prior to the crash, according to a London-based commercial mortgage securitization analyst.
  • Repayment of loans in European commercial mortgage-backed securities slowed in April and may continue that trend this year, according to Fitch Ratings.
  • FIG
    The Federal Deposit Insurance Corporation has sold notes worth $353.2m, backed by $394.3m of commercial mortgages, through FDIC 2011-C1.
  • Investors looking to short mortgages could be hit the hardest by a new fail penalty proposed for the agency mortgage-backed securities market, according to strategists.
  • Bank lending standards and terms eased as demand for credit rose during the first quarter, according to the Federal Reserve.