ABS

BTIG will continue to expand its U.S. fixed income sales and trading platform with the addition of several hires to its structured products grouphigh yield, high grade, and convertibles.

Syncora Guarantee on Wednesday will begin paying insurance claims on regularly scheduled payment dates following the approval of its remediation plan by its regulator.

RBS Securities has expanded its MBS and ABS sales and trading teams within its global banking and markets division in the Americas, the firm announced today.

BNY Mellon has named Patrick Tadie to the newly created role of global business head for the firm’s Derivatives360 initiative.

The Federal Reserve Board agreed with the Treasury Department’s decision to reduce the credit protection provided for the Term Assett-Backed Securities Loan Facility (TALF) under the Troubled Asset Relief Program (TARP) to $4.3 billion from $20 billion , according to a release from the Federal Reserve.

Santander Consumer Bank sold an upsized €700 million auto-backed deal.

Luxury home builder Toll Brothers has formed Gibraltar Capital and Asset Management, which will be a wholly owned subsidiary of Toll Brothers.

General Motors’ (GM) and Chrysler’s mass closure of auto dealerships last year may not have helped the Detroit companies and likely was an unnecessary burden on the fragile U.S. economy, according to a government report that examined how the U.S. Treasury Department handled the automaker restructurings.

The Bank of England (BoE) has introduced additional eligibility and disclosure requirements for ABS and covered bonds to be accepted in its operations. It has also extended the range of collateral eligible for its discount window facility (DWF) to include portfolios of loans to individuals and non-banks. The extension will take place in 2011.

The public auction for NextStudent Master Trust 1 is the first of its kind for U.S. student loan ABS and is a credit negative, according to Moody’s Investors Service.

Goldman Sachs’ settlement with the U.S. government comforted some Wall Street analysts on Friday and news of the settlement spurred at least one of them to change their outlook on the company.

Citigroup paid out $210 million for loan buybacks in both the first and second quarters, according to company executives.

The real estate segment at GE Capital, Norwalk, Conn., lost $524 million in the second quarter of 2010, about twice as much as a loss of $237 million for the same period one year ago.

JPMorgan Chase is taking a hard line with some borrowers who want to sell their homes for less than they owe on the mortgage and avoid foreclosure.

The Department of Housing and Urban Development (HUD) has requested public comment on proposed policy changes designed to reduce the risk of loans insured by the Federal Housing Administration (FHA).

Although the Senate finally voted Thursday to send regulatory reform to the president's desk, policy circles are already abuzz about what changes to seek in a "corrections" bill to fix problems with the legislation.

The Securities and Exchange Commission’s (SEC) division that reviews public company filings is creating three specialized offices to enhance its disclosure review and policy operations, the SEC announced today.

The Securities and Exchange Commission (SEC) said Thursday that Goldman Sachs agreed to pay $550 million and reform its business practices to settle charges that the securities firm misled investors in marketing a synthetic CDO known as ABACUS 2007-AC1.

This week two separate reports showed that vacancy rates in the commercial real estate sector have dropped. This bodes well for future CMBS performance.

Default rates on loans backing Japanese CMBS is at its highest to date, exceeding the previous peak of JPY192.4 billion ($2.2 billion) at end-September 2009, Fitch Ratings said in a report released today.