The fiscal cliff being faced by our government at the end of the year is probably the most chilling macro-economic risk, ABS East panelists said.

While the recovery of the housing market is on firm footing, house prices in aggregate are unlikely to rise quickly, participants say.

European securitizations are likely to face more stringent capital requirements as the Basel Committee examines how these transactions are regulated.

Finacity Corporation structured a $150 million securitization for the Manitowoc Company.

Fannie Mae president and CEO Timothy Mayopoulos said the GSE recognizes the outsized role it is playing in the mortgage market but is working on trying to attract more private capital to the business, he told attendees at the Mortgage Bankers Association’s annual convention in Chicago today.

Lender Processing Services said today it has added two supplemental data modules to enhance McDash, its loan-level database.

Citi is underwriting a $67.4 mln structured finance deal for the state of Delaware that is backed by energy efficiency revenue bonds, according to an official statement published on the deal.

coverage of IMN's ABS East 2012 Conference

Fitch Ratings said today that it consolidated its investor-focused business staff in its FitchRatings unit into a global team that will be led by Debbie Hartley.

Speakers at one panel of Information Management Network’s ABS East conference think the industry will come around to this field’s potential of socially responsible investing.

Nearly a half decade after the start of the mortgage crisis, portions of borrower vetting for securitized mortgages are still being done primarily by loan originators. This causes a potential risk management gap, particularly for non-Fannie Mae and Freddie Mac-backed mortgages that are bundled and sold as mortgage-backed securities.

The Federal Deposit Insurance Corp. announced that Oaktree Capital Management was the winning bidder for commercial real estate loans of the failed bank, Tennessee Commerce Bank .