ABS

Fears mounting over the contagion risks associated with Greece's woes caused the Dow to plunge by 1,000 points and then climb back up by 600 points.

The roughly $129.4 billion New York State Common Retirement Fund (CRF) has kicked in a half billion dollars to help prop up the Empire State’s mortgage market.

Two weeks after the Securities and Exchange Commission (SEC) leveled fraud charges against Goldman Sachs, the financial giant is said to be mulling settlement talks with the regulator, according to Fox Business Network.

The Federal Deposit Insurance Corp. will be meeting next Tuesday about the proposal to offer banks the safe harbor for securitizations.

Freddie Mac is seeking an additional $10.6 billion in government funding after reporting an $8 billion loss in the first quarter.

Mortgage rates eased in the week ending May 6 as Treasury yields declined on the flight to quality.

BlackBox Logic hired Cory Lambert as senior MBS analyst. He will be responsible for building collateral analytics using BBx Data, the company’s signature loan-level data aggregation service.

Alliance & Leicester is set to start marketing its second RMBS offering for 2010 from its Fosse Master Trust, according to a Reuters Report.

FinCap Financial Services (FFS) has formed a strategic joint partnership with MBSData. With the partnership, MBSData data will be available under the FinCap Financial Services platform Fin*Fusion.

Bank of America is in the market with a credit card deal called BA Credit Card Trust Class A (2010-1) Notes.

The Securities and Exchange Commission's (SEC) suit against Goldman Sachs centers on the allegation that the Wall Street firm failed to disclose to investors the role an opportunistic hedge fund, Paulson & Co., played in choosing the assets underlying a CDO, before betting against it.

Sen. John McCain, R-Ariz., will offer an amendment to the financial services regulatory reform bill that weans Fannie Mae and Freddie Mac off government support over a five-year period.

Mortgage spreads and rates have fluctuated somewhat in the wake of European and Greek financial concerns that have sent some investors into safe havens such as the benchmark 10-year Treasury, a trend that had driven the latter's yield down to 3.56% at midday.

A four-tranched RMBS deal from RESIMAC is in the market. The A$250 million deal is called RESIMAC Triomphe Trust - RESIMAC Premier Series 2010-1.

Highland Capital Management has promoted Patrick Boyce and Lane Britain to partner. Boyce is currently chief operating officer and chief financial officer at Highland; Britain is a portfolio manager and co-head of research at the firm.

Mortgage application activity was mixed in the week ending April 30 with refinancing activity lower, while purchase activity was higher as borrowers took advantage of the homebuyers tax credit before it expired on April 30.

The 1Q10 trend in French housing lending has confirmed strong activity in the sector, according to data released by the French residential funding monitoring agency (OFMR CL-CSA).

Jenine Fitter joined Digital Risk as senior vice president in client solutions. Her appointment shows the firm's increased focus on the secondary mortgage market.

Goldman Sachs’ top managers told equity analysts at Bernstein Research that their firm has not lost many customers in the wake of a Securities and Exchange Commission (SEC) lawsuit.

Most banks did not tighten lending standards on prime or nontraditional single-family mortgages during the past three months and there appears to have been some relief on HELOC standards, according a new survey of senior loan officers conducted by the Federal Reserve.