ABS

Bessemer Trust appointed David Rossmiller as head of fixed income, reporting to Marc D. Stern, chief investment officer.

Silverleaf is marketing a $151.5 million securitization of timeshares.

The Securities and Exchange Commission (SEC) has agreed to a six-month delay for European ABS in the implementation of rating agency requirements under Rule 17g-5 (a)(3).

The sale of distressed assets has become one of the largest segments of the mortgage business, panelists at the Mortgage Bankers Association's (MBA) Secondary Market Conference in New York City agreed.

Citigroup sold a series of mortgage-linked securities without disclosing that Morgan Stanley helped shape them while betting they would fail, according to a report by Bloomberg News.

The Depository Trust & Clearing Corporation (DTCC) has increased the number of securities in its coverage of corporate actions announced through its Global Corporate Action Validation Service (GCA VS).

Ginnie Mae announced specific details surrounding two important operational changes to its multiple-issuer pools.

Sidley Austin has added three partners to its executive committee, the committee that exercises general authority over the affairs of the firm.

The regulatory reform bill that cleared the Senate is supposed to impose risk retention requirements on MBS issued by Fannie Mae and Freddie Mac, but some legislative experts say the language adopted may have missed the mark.

The Treasury Department extended the deadline to Sept. 30 for mortgage servicers to sign Sarbanes-Oxley Act-type agreements certifying that they are in compliance with the Making Home Affordable Program.

DebtX is selling around $500 million of mostly commercial real estate (CRE) loans on behalf of three financial institutions in June.

Though House and Senate lawmakers still have plenty of issues to work out in the final regulatory reform bill, one thing is already clear: The legislation will do little to streamline the fractured financial regulatory framework.

The Mortgage Bankers Association's (MBA) chief economist is hopeful that last week's run-up in the LIBOR index could be the spark needed to light a fire under the refinancing sector.

Commercial real estate sales, prices and lending showed improvement in the first quarter but regulators expect bank losses on CRE loans will be elevated for at least another year.

When it comes to the "buyback wars" between originators and secondary market investors, the best defense is a good offense. And that entails hiring outside due diligence firms, attorneys, and an army of in-house underwriters whose mission is to refute repurchase claims and fight off allegations that a loan was fraudulent and therefore should be bought back.

Robert Story, Jr., chairman of the Mortgage Bankers Association (MBA) reacted to the passage of S. 3217, the Restoring American Financial Stability Act of 2010.

Amherst Securities Group hired Dan Hoffman as head of sales. In this position, Hoffman will be responsible for managing Amherst's fixed-income sales group.

Former head of U.S. asset securitization at Barclays Capital Michael Wade will join Credit Suisse this summer as a managing director and co-head of asset finance in the global markets solutions group, according to an internal memo.

Dan Castro has joined institutional broker dealer BTIG. Further boosting the company’s fixed-income competencies, Castro will be creating a structured finance analytics and strategy group at the firm.

After three weeks of contentious debate, the Senate approved landmark financial reform legislation 59 to 39 late Thursday.