The second lien market has been on the decline since the housing bust of 2008, but there’s growing evidence that business is starting to gain traction.

The CLO manager said today that it had tapped Jess Larsen for a new role developing and managing relationships with institutional investors in Europe and the Middle East.

Bradley Lerman was appointed as Fannie Mae executive vice president, general counsel and corporate secretary effective Oct. 1, the GSE said today in a release.

The Mortgage Bankers Association said Monday that it has hired Pete Mills as its new senior vice president of residential policy and member services effective Oct. 1.

Barclays Capital analysts expect that publicly placed issuance for 2012 in the European asset-backed market will exceed their original forecast.

Ten industry groups are urging the Consumer Financial Protection Agency to issue a qualified mortgage rule allowing them to adhere to current underwriting standards without fear of litigation.

DBRS said today that rising subprime loan origination volumes and general economic improvement are still creating a positive momentum for the auto sector.

The $65 million Citigroup loan made to Waypoint Real Estate Group for investments in distressed single-family houses converted to rentals, may be a precursor to the much anticipated securitization of these assets.

Bank of America Merrill Lynch analysts' view on most senior FFELP and private student loan ABS remains positive, they said in a Sept. 14 report.

Wells Fargo analysts expect consumer ABS issuance to reach $170 billion in 2012, which is a 60% rise over last year. They also noted a modest shift to longer average lives in new deals.

This week there are two auto deals from Toyota and Enterprise as well as two equipment offerings from CNH and GE Capital.

The Federal Open Market Committee surprised the market in that the announced MBS buying was limited to agency fixed-rate MBS only and not Treasurys, although it will continue Operation Twist through yearend as scheduled.