Barclays Capital reports that June CMBS conduit liquidations hit the new high of more than 450 deals worth nearly $1.9 billion, an increase that bodes well for special servicers of these portfolios.

A recent Barclays Capital report highlighted the slowdown of the private credit student loan ABS market where issuance has dropped 60% from the same time last year. The only two ABS deals to price since mid-July were from this year totaling $1.4 billion.

In the first two of what promises to be several legal actions seeking compensation for the corporate credit union crisis, the National Credit Union Administration (NCUA) sued two of the biggest Wall Street banks last week seeking to recover losses from the now-toxic mortgage-backed securities they sold to four of the five failed corporates.

Freddie Mac has entered into a proposed settlement with creditors of the Taylor, Bean & Whitaker Mortgage Corp. (TBW) bankruptcy that will allow the GSE to gain control of TBW-related mortgage servicing rights and $54 million in loan receipts in TBW deposits.

The EDHEC-Risk Institute has hired Frank J. Fabozzi to join the faculty as a part of its North American strategy, effective Aug. 1.

Bingham has hired Mark Dawkins, former managing partner of Simmons & Simmons, to help develop its securities and financial institutions litigation group based in London.

GNMA executive Christopher Haspel is, more or less, a household name to lenders and servicers that deal with the government agency, and soon will be wearing a new hat—that of the new Consumer Financial Protection Bureau (CFPB).

The $200 million civil settlement with Regions Financial Corp.'s brokerage unit this week was the sort of case that the Securities and Exchange Commission (SEC) and state regulators believe should guide industry behavior.

International regulators eased back slightly on a proposed capital surcharge for the largest institutions, setting a range below the expected 3%.

Ford Credit is currently marketing Ford Credit Auto Lease Trust 2011-A (FCALT 2011-A). Joint lead managers on the transaction are Deustche Bank Securities, JPMorgan Securities, and Morgan Stanley.

2011 2010 2009 ABS (Public + 144A) 79,895.1 73,463.6 79,519.1 ABS (Public + 144A excluding CDOs) 76,412.7 72,213.3 77,976.8 ABS (Public Only) 44,473.2 32,105.4 52,142.2 ABS (144A Only) 35,421.9 41,358.2 27,376.9 Non-Agency MBS 36,513.0 11,021.0 5,730.5 Agency MBS 208,488.8 252,791.6 107,237.5 CMBS 21,783.9 11,589.0 2,468.9

Manager Activity: Autos Book Runner Amount (US$ Mil) Rank Mkt.