RBS Securities (RBS) hired Tom Majewski to join RBS's global banking and markets division in the Americas as a managing director in its ABS finance coverage and advisory team.
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JPMorgan Chase is said to be planning the launch a $739 million deal backed by floating-rate CMBS.
November 7 -
KGS-Alpha Capital Markets has expanded has boosted its CMBS trading team with the addition of Jeff Lewis, Kyla Wichser and Andrew Noonan. It has also brought on board a new chief strategist, Kamal Abdullah.
November 7 -
Auto-backed securitizations continue to drive issuance volumes in the consumer ABS space. Several deals were announced on Monday to kick off the week's activity.
November 7 -
First Marblehead experienced a net loss increase of $23.0 million from the previous year's comparable quarter.
November 4 -
The Federal Housing Finance Agency (FHFA) has the expertise to set servicing, underwriting, and mortgage securitization standards that could lead to the development of a private-label MBS market, according to the GSE regulator.
November 4
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Given the initial coverage, you might think that the sad story of MF Global’s demise is all about John Corzine.
November 4 -
Although the issue has generally divided Democrats and Republicans, Rep. Scott Garrett, R-N.J. received bipartisan support — as well as a nod from a key regulator — Thursday for his latest proposal to reform the housing finance market.
November 4 -
U.S. District Court for the Central District of California Thursday dismissed a civil claim filed against Lender Processing Services (LPS) by the Federal Deposit Insurance Corp. (FDIC), which accused the mortgage vendor of gross negligence in appraisals conducted for the now defunct Washington Mutual, Seattle.
November 4 - Europe
International regulators said Nov. 4 that 29 firms would be considered systemically important to the world economy and face a capital surcharge of between 1% to 2.5%.
November 4 -
Selene Finance, a specialty servicer/loan modification company controlled by Lewis Ranieri, has hired Larry Litton Jr. and a handful of top managers from Litton Loan Servicing, Houston, according to servicing executives that have done business with the firm.
November 4 -
Electronic trading platform for U.S. and European fixed-income bonds MarketAxess Holdings just added non-agency RMBS and CMBS to its e-trading platform.
November 4 -
Redwood Trust, the only firm to publicly issue Jumbo MBS the past two years, earned just $1 million in the third quarter, but its acquisition of nonconforming product in the secondary market jumped by 166%.
November 4