Macquarie Investment Management (MIM), which is part of the Macquarie Funds Group, has appointed four senior executives to strengthen its distribution across Europe.

Standard & Poor's will rate the new $473.01 million Springleaf Financial RMBS.

Markit said today that its Portfolio Valuations service now offers independent valuations for power reverse dual currency notes (PRDCs).

The Federal Reserve Board is opening the door for banks to rent REO properties in an effort to slow sales of distressed properties that are contributing to downward pressure on home prices.

RMBS and CMBS due diligence provider Clayton Holdings has been approved by DBRS as a third-party due diligence firm for RMBS deals.

The higher number of rehabilitated student loans in some recent FFELP ABS deals has increased near-term liquidity risk, Fitch Ratings said in a report released today.

Two years after the federal government largely took over the student loan market, the remaining banks in the industry are bracing for another shakeup.

Highland Capital Management claimed in court that Citigroup is trying to remove it as the portfolio manager of a $900 million CLO so the bank can book profits from its discounted purchase of CLO debt from its own clients and investors, according to a report by Courthouse News Service, a nationwide news service for lawyers and the media.

Credit cards and autos are filling up the ABS up the ABS pike this week. GE Capital is in the market with GE Capital Credit Card Master Note Trust Series 2012-. The offered notes on the deal are $457.7 million.

Wells Fargo, the successor to Wachovia Capital Markets, told a federal court in Wichita, Kan. Friday it should dismiss National Credit Union Administration's (NCUA) suit over MBS Wachovia sold via offering prospectuses.

Private-label student-loan ABS seems to be doing better, at least in terms of issuance. Volumes have hit $1.4 billion in the year-to-date, a figure equal to 70% of 2011’s overall number, according to researchers at Barclays Capital. But Sallie Mae has been the only primary-market issuer for twenty months now, and the bar was set low by last year’s number of deals — only three.

The consumer credit rise in February was mostly from auto loans, which is likely to support ABS issuance from the sector in the coming months, Standard & Poor's analysts stated in a report released today.