RMBS

Dechert has named James Waddington a partner in the firm’s London office.

Knight Capital Group has purchased Urban Financial Group, a Tulsa, Okla.-based originator of reverse mortgage loans, making it an origination through securitization player in the sector.

GE Capital appointed Ryan Zanin as its new chief risk officer, the firm announced Wednesday. Zanin takes the place of Jim Colica, who is retiring after serving GE Capital for 27 years.

PHH Corp. could have to write down the value of its mortgage servicing rights by between $150 million and $200 million in the second quarter of 2010, according to an analyst's report from FBR Capital Markets.

CIT Group announced a package of refinancings and asset sales on Thursday, a step that CEO John Thain billed as a sign of its more stable footing.

While passing a bill that would create a consumer protection agency has proved challenging enough, that task may pale in comparison to actually setting up the new regulator.

Sen. Maria Cantwell announced late Thursday that she intends to support regulatory reform, giving a boost to the bill's prospects in the Senate, which plans to take up the legislation later this month when Congress returns from a Fourth of July recess.

The delinquency rate for commercial real estate loans backing CMBS deals showed signs of moderating in June, according to the latest report from Trepp.

For 1H10, public ABS issuance reached $26.41 billion, according to the updated numbers from the ASR Scorecards database. This figure dropped from $50.7 billion for 1H09.

The ASR Scorecards database has ranked law firms based on the securitized deals they served as legal advisors on in the first half of 2010.