ABS

The Federal Reserve announced in August that the central bank would be purchasing Treasurys by using the proceeds from maturing MBS to support the country's economic recovery.

Citigroup has arranged a $600 million CLO that will be managed by Guggenheim Investment Management, according to sources.

Rabobank hired Tony Muoser as a managing director for its renewable energy and infrastructure finance (REIF) Americas group. He will be based in New York.

DBRS is requesting comments on the proposed legal criteria for European structured finance deals.

Loren Carlson and Edward Chan joined M.R. Beal & Co. as managing director and vice president, respectively. Both hires will be part of the firm’s public finance department.

Fitch Ratings assigned Concent Forderungsmanagement (Concent) a German ABS primary servicer rating of 'ABPS3.' It is the first such rating assigned to a European ABS servicer.

The Federal Deposit Insurance Corp. (FDIC) is expected to take final bids on the $23 billion AmTrust servicing portfolio next week with a sale coming by the end of September, according to investment bankers familiar with the offering.

As part of its disposal of U.S. consumer banking businesses, HSBC Holdings is shopping HSBC Mortgage Corp. around. As with many yard sale offerings, the property's attractiveness is up for debate.

Starwood Vacation Ownership (SVO) has just priced a $280,000 deal backed by vacation ownership loans related to 17 SVO properties that are located in the U.S. Virgin Islands, Orlando, FL., and Scottsdale, Arizona, among others.

Structured settlement ABS have certain inherent risks setting them apart from other structured finance assets, according to a report from Standard & Poor's updating its criteria for the sector.

In 1H10, the trend of strong returns for insurance-linked securities (ILS) continued, according to the first edition of Swiss Re's update on the ILS market for August 2010.

The Airport Authority for Sydney, Australia is looking to raise funding and will likely turn to the 144A Regulation S market, sources said.

While the Basel II process dragged on for years, international and domestic regulators appear intent on delivering a new set of capital and liquidity standards on time by yearend.

Underwriters, financial advisers, and lawyers interested in working on Illinois’ proposed sale of up to $1.75 billion of tobacco bonds to provide budgetary relief have until Aug. 27 to submit proposals to the state.

New Mexico Education Assitance Foundation is in the market with a $383 million transaction backed by FFELP loans.

Cecile Houlot joined Morgan Stanley as managing director and head of its European securitization effort within the global structured solutions group.

Originator LEAF Funding Inc. (LFI), wholly owned by LEAF Financial Corp., is in the market with a $171.4 million transaction backed primarily by a pool of secured commercial loan contracts, finance leases and fair market value leases originated by LFI.

Even as they begin dropping credit ratings as a supervisory source, regulators signaled Tuesday they are worried about abandoning their use altogether, suggesting that potential alternatives are not much of an improvement.

Insurance holding company Ambac Financial Group reported a net loss in the second quarter, despite big gains in the value of its insured derivatives, and warned that it may be unable to pay its debts in a year.

Knight Capital Group expanded its ABS/MBS capabilities in commercial real estate (CRE) finance with the hiring of Barry Funt and Winston van Buitenen as managing directors.