The board of directors of the European Securitization Forum (ESF) has elected Steve White as its chairman for 2008. White is co-head of European securitization for Morgan Stanley in London. "We are very pleased that Steve will lead the association at such a crucial time in the structured credit market," Rick Watson, managing director of the ESF said. "The association's work plan and focus is on restoring normal liquid market conditions. Steve's demonstrated experience in the European capital markets as well as his extensive network of investor relationships will be key to spearheading the initiatives that the industry is currently undertaking to improve transparency and restore investor confidence." Robert Palache had previously been elected to chair the ESF for 2008 last December. Palache was managing director and the head of European securitization and asset monetization group for Morgan Stanley in London but resigned from the bank earlier this year.
-
With a high proportion of fixed-rate, interest-only underlying loans, the notes have almost no amortization, and three CRE loans have standalone, investment-grade opinions.
4h ago -
The fixed-rate loans are divided into three sub-pools that relied on rating methods from the RMBS, CMBS and ABS sectors to assess their risks.
April 18 -
The House Financial Services Committee also sent to the full House two bipartisan bills, including one that would prevent large banks from opting out of having to recognize Accumulated Other Comprehensive Income in regulatory capital.
April 18 -
The portfolio does not have any meaningful originations that have completed a full repayment cycle, making the company's performance data thin.
April 18 -
Formerly of Wells Fargo, she will coordinate several key units to create a structure for a sustained capital markets program that capitalizes on recent innovation and growth in home equity finance.
April 17 -
The Structured Finance Association questions whether funding closed-end seconds is an appropriate role for the government-sponsored enterprise, while newer lenders welcome the liquidity support.
April 17