Moody's Investors Service has realigned its global structured finance group with three new management appointees. Brian Clarkson was appointed group managing director responsible for all Moody's U.S. asset-backed and residential mortgage-backed ratings and research. He will also lead the U.S. RMBS team. Daniel Curry was appointed group managing director in charge of the Europe and Asia structured finance business. Noel Kirmon will serve as group managing director in charge of commercial mortgage-backed securities and fully-supported securities, as well as head the U.S credit derivatives business.
The National Association of Home Builders reported that it's index of housing market activity bounced up in August, suggesting that lower mortgage rates are fueling optimism about home sales.