it was reported late last week that Ken Rivkin is no longer head of Bank of America Corp.'s CMBS Capital Markets Group. Rivkin, formerly the head of CMBS trading, was just promoted to the newly formed group two weeks ago. His current status with the company remains unclear.
Argentina's Banco Hipotecario Nacional (BHN) is back in the market with its fourth international MBS transaction: BHN IV Mortgage Trust Series 2000-1 (BHN IV). The residential mortgage deal will be worth at least $100 million, though it may be bumped up to as much as $175 million, depending on demand. It is being managed by Bear, Stearns & Co. in New York. The notes have a 2.9-year average life and pricing is said to be 400 basis points over Treasurys.