ABS

Dismal home sales figures to be released by Mexican research company Softec are sure to hit construction-loan securitizations, according a report by Moody’s Investors Service. The firm will project a 12% drop for 2010 in a report due to be released over the next few weeks.

The unemployment rate has been one of the best ways to predict the trajectory of ABS consumer credit losses seen in the most recent and past recessions.

Eversholt Funding Plc (EFP), the new whole business securitization program issued by HSBC Bank's Eversholt Rail Group, is looking to launch a multi-currency senior secured bond program.

LECG XPRT and NewOak Capital have announced an affiliate relationship to provide a broader scope of services to the financial services industry.

Credit Suisse is marketing a €1.5 billion ($2.05 billion) covered bond, marking the bank's debut into this European sector.

Regulators are close to the final version of the implementation of minimum due diligence requirements under the European Capital Requirements Directive Rule 122A.

CNH Capital America is in the market with a $721.201 million deal called CNH Equipment Trust 2010-C.

Despite waning demand for U.S. municipal bond insurance, a startup company believes there is value in credit enhancement among the world’s developing markets.

At a press conference following the European Central Bank's (ECB) rate decision last week, its President Jean-Claude Trichet said that the ECB is looking to create disincentives for banks who refinance exclusively through the bank.

Worker remittances to developing countries are projected to total $325 billion for 2010, up 5.9% from $307 billion last year, according to the World Bank’s Migration and Remittances Factbook 2011. The flows to developing countries are expected to continue growing in 2011 and 2012, potentially topping $370 billion within two years.

Italian bank Banca Monte dei Paschi di Siena (Banca MPS), currently marketing a new Italian RMBS, has also brought to market a €1.5 billion ($2.08 billion) sale and lease backed deal, according to published reports.

ABCP conduit professional Mary Logan has opted to take a package from Barclays Capital the last week of October to take a career break.

Structured finance advisory firm Paladin Advisors hired Steve Campo as a managing partner in advisory services. Campo has over 30 years of experience as an accountant, issuer, financial guarantor and advisor in the ABS industry.

Independent broker-dealer Braver Stern Securities hired Peter Howard as a managing director and head trader of CDOs, CLOs and esoteric ABS.

KfW Banking Group said it participated as an anchor investor in securitizations focusing on SMEs worth €0.7 billion ($1 billion) up to the end of the third quarter.

Principia Partners recently surveyed over 500 investors, issuers, regulators and other structured finance professionals on the subject of investor due diligence.

Katten Muchin Rosenman hired five structured finance lawyers from Dewey & LeBoeuf, including five structured finance partners in New York and a financial products tax partner in Washington, D.C.

Some serious issues have arisen from conflicts created by the dual role that mortgage servicers play - where in several cases, the servicer is also the seller on a securitization deal.

Guy Carpenter & Co. and GC Securities said they have completed a deal worth €275 million ($385 million) Class A principal at-risk variable rate notes due January 10, 2014 from a newly created 144A catastrophe bond program called Calypso Capital.

American Home Mortgage Servicing (AHMSI) is in the market with a four-tranche deal totaling $1.3 billion called AH Mortgage Advance Trust 2010-ADV2.