ABS

SBA Depositor is marketing two CMBS under its tower trust series of deals.

As part of expanding it U.S. and Asian antitrust capabilities to Europe, Bingham McCutchen has hired Davina Garrod for its London office as a partner in the antitrust and trade regulation practice group.

The Securities and Exchange Commission (SEC) proposed a requirement that most ABS issuers file a computer program that gives effect to the flow of funds, or “waterfall,” provisions of the transaction.

Mortgage rates jumped in the week ending April 8 in response to last week's late week sell-off in Treasurys related to a better than expected ISM Manufacturing on Thursday, and especially the March employment report on Friday that showed strong private jobs growth.

SecondMarket, the biggest secondary marketplace for illiquid assets, has formally launched the first centralized market for ABS.

Structured Finance Advisors (SFA) served as the sole advisor in structuring and coordinating investors on a $111 million structured finance transaction.

The dollar volume of defaulting loans in Japanese CMBS rated by Moody's Investors Service decreased somewhat in the latest monthly reporting period.

Issuance of structured deals in Mexico’s domestic market totaled Ps16.3 billion ($1.3 billion) during March, according to a monthly report by the research arm of IXE Grupo Financiero.

Royal Bank of Scotland's (RBS) Commercial Funding has a $309.7 million CMBS deal that, when sold, would become the first conduit sale in about two years and could serve as benchmark for the selling these type of transactions, according to Reuters Report.

The Securities and Exchange Commission (SEC) proposed significant revisions to Regulation AB and other rules regarding the offering process, disclosure and reporting for ABS.

With talks of Redwood Trust issuing a$200 million Jumbo mortgage securitization, as reported by the Wall Street Journal, industry experts are mulling what this means for the private label RMBS market.

The Securities and Exchange Commission (SEC) filed administrative proceedings against Morgan Keegan & Co. and Morgan Asset Management and two employees accused of fraudulently overstating the value of securities backed by subprime mortgages.

CIT Group’s head of leveraged loan sales has left the firm to join Golub Capital Partners as a managing director in its capital markets division.

U.S. prime RMBS late-pays have now eclipsed 10% at the same time subprime delinquencies fell for the first time in nearly four years, according to Fitch Ratings.

FNMA 30-year fixed rate prepayments were in line with expectations for March, increasing over 60% as Fannie Mae began buying out 120 day or more delinquent loans, starting with higher coupons. Speeds on FNCL 6.5s and 7s surged over 200% compared with around a 30% increase for lower coupons.

Belstar Group, a private investment firm specializing in alternative investment strategies, closed Belstar Credit Fund and Belstar SJ Credit Fund. The combined Funds closed with over $280 million.

The Treasury Department could move faster in modifying second liens, a mortgage securities analyst says, by requiring servicers to conduct their own internal matching of first and second liens.

Near prime borrowers in the U.K. mortgage market may begin seeing some refinance opportunities increase as Kensington Mortgages starts considering borrowers with county court judgments (CCJs).

Barclays Capital gave some insight into just how much the European investor base has shrunk.

The European Central Bank and the 16 national central banks in the euro zone increased their purchases of covered bonds bringing the total volume settled to €44.427 billion ($59.3 billion), according to ECB-released data.