ASR just launched a weekly video news update to give our readers a quick rundown of breaking news throughout the week.
Capital markets reporter Tamika Cody will be bringing you the news every week.
This week Redwood Trust's third RMBS deal is the highlight of the newscast along with the busy ABS pipeline that featured a variety of deals from the different asset classes.
The American Securitization Forum's (ASF) opposition to the Securities and Exchange Commission's formation of an organization that would select the credit rating agencies to rate all securitizations. The ASF said the idea is a moral hazard, would be ant-competitive and hard to implement.
Every week the update will feature some securitization hiring news. This week's new hire is Dan Passage of Bingham. Reed Auerbach, chair of Bingham's structured transactions group, cited Passage's esoteric expertise as particularly attractive.
New weekly updates, sponsored by Deloitte, will be available on structuredfinancenews.com every Friday morning.