Mark Mylon joined Radian Asset Assurance Inc. as a senior vice president and executive managing director in the structured products group, where he will set credit enhancement for asset-backed securities and other structured transactions as well as develop financial guaranty products and services. Mylon spent the last 16 years at GE Commercial Finance, where he most recently served as managing director of strategic planning and business development in GE's Structured Finance group. "Mark is an accomplished, successful professional in the financial services industry," said Tino Kamarck, president of Radian, in a release. "Mark's experience and leadership will be a great asset to Radian as we continue to expand our involvement in the growing global marketplace for structured finance."

BNP Paribas has appointed David Randle as a director and senior proprietary trader to its MBS team. Randle joins from Morgan Keegan where he was senior vice president in the structured mortgages division, where he was responsible for primary issuance of all CMO product. Randle reports to Angus Duncan, head of MBS proprietary trading in New York.

Along with its fiscal second quarter operating results, AmeriCredit Corp. announced changes in its senior management structure, including a new chief financial officer. Under the new structure, Chris Choate will become the company's chief financial officer, Steve Bowman will add internal audit and corporate governance duties to his responsibilities as chief credit and risk officer Mark Floyd will become chief operating officer for servicing and Preston Miller will take over as chief operating officer for originations. All had been with the company in some management capacity prior to the announcement. The changes take effect immediately.

Brant Murdoch recently left his position in the asset finance group at Scotia Capital. As of press time, it was not clear where he was heading. He had worked at Scotia Capital for four years.

SPS Holding Corp. has agreed to be acquired by and Credit Suisse First Boston unit DLJ Mortgage Capital. Additionally, as part of the agreement, SPS will enter into a servicing rights purchase agreement with CSFB to service mortgage loans totaling approximately $6 billion over the next twelve months. SPS expects to begin acquiring servicing rights from CSFB in the near future, according to a release.

American Business Financial Services announced that it had received $500 million in debtor-

in-possession financing from Greenwich Capital Financial Products, Inc. The facility includes a $65 million working capital line of credit and $435 million in mortgage warehouse financing. ABFS plans to "immediately finance new loans to customers, which it intends to sell into the secondary market with servicing released," the company said in a statement. Due to a lack of liquidity, the company had not been able to originate new loans.

E*Trade Financial Corp. reported net revenues for the fourth quarter 2004 of $409.5 million, a 21% increase over the prior quarter and a 10% increase over the year ago period. For the year, E*Trade reported earnings of $1.01 per share on net income of $389.1 million compared to $0.55 per share and net income of $203 million in 2003. Total assets/deposits in customer accounts reached a record level of $100.4 billion at year-end - a 20% increase sequentially and 21% increase year-over-year.

The Mortgage Strategy group of Credit Suisse First Boston has reformatted their research by enhancing their Mortgage Market Focus product line-up. CSFB's mortgage strategists would now be coming out every Friday with Market Watch, which is designed to help investors stay on top of the flow of information relevant to mortgage investors and analysts presented in easy to use charts and figures format with key takeways. The group will also be publishing Trade Ideas, which will feature timely and executable sector-specific and cross-sector recommendations.

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