ABS

Chase is the latest mortgage servicer to sign up for the Second-Lien Modification Program (2MP).

Morningstar has entered into a definitive agreement to acquire Realpoint,a Nationally Recognized Statistical Ratings Organization (NRSRO) specializing in structured finance.

Following the recent departure of group head Douglas Antonacci, JPMorgan has rearranged its leveraged loan sales team. Antonacci left JPMorgan to join Bank of America Merrill Lynch.

Excessive concentrations of commercial real estate loans have produced huge losses at banks and regulators need to set "hard limits" on CRE portfolios, according to Comptroller of the Currency John Dugan.

Something strange is happening in the market for MBS: the largest buyer by far is about to leave the market and no one seems to be blinking an eye.

Independent broker dealer Braver Stern Securities hired George Kenny as a managing director and head of institutional fixed income sales. Kenny, who brings 25 years of experience in the fixed income sector, will be responsible for expanding the firm’s institutional sales force.

CNH Capital America's equipment backed ABS was upsized to $1,07 billion from $822.5 million.

The House will vote within days on a bill to end private lenders' role in government-guaranteed student lending.

The nation's mega banks and other depositories repurchased roughly $30 billion in residential mortgages from Fannie Mae and Freddie Mac in the second-half of 2009 and will suffer losses of up to 40% on the loans, according to a new report from Credit Suisse.

The Federal Home Loan Bank of San Francisco (FHLB San Francisco) has sued nine securities dealers that sold the GSE nearly $20 billion in private-label MBS.

Fannie Mae's recent announcements on its planned buyouts created considerable uncertainty around the timeline of when these buyouts will happen and where rolls ultimately should be priced, Barclays Capital analysts said.

Airgas announced the signing of a two-year, $295 million accounts receivable securitization agreement, replacing the previous $345 million agreement which expires this month.

Earlier this week, Citigroup underwrote a new $500 million CLO, ending a year-long drought that saw no new vehicles consisting of widely syndicated loans.

The Federal Deposit Insurance Corp. (FDIC) announced its third issue under its Structured Sale Guaranteed Notes 2010-L2 series.

There has been a flurry of non-TALF activity right after the program ended earlier this month.

Rep. Scott Garrett (R-NJ) introduced the U.S. Covered Bond Act today, with support from Rep. Paul E. Kanjorski (D-PA) and Financial Services Committee Ranking Member Spencer Bachus (R-AL) as leading co-sponsors. This legislation, according to a press release from Garrett's office, aims to help facilitate a robust covered bond market in the U.S. to add liquidity and certainty to our nation's capital markets.

RBS Securities (RBS) appointed Paul Jablansky as managing director, senior consumer ABS and non-agency residential strategist within its global banking and markets (GBM) division in the Americas.

Sheila Bair, the chairman of the Federal Deposit Insurance Corp. (FDIC), said today that she expects the new rules on safe harbor protection for securitizations will be proposed in the next month or two.

A federal judge has dismissed a shareholder lawsuit against Canadian Imperial Bank of Commerce (CIBC) and four executives for allegedly misleading investors about the bank's exposure to securities backed by subprime mortgages.

Freddie Mac is coming to market with a $1.1 billion MBS backed by multifamily loans. The various passthrough certificates in the bond are collateralized by 68 recently originated multifamily mortgages from Freddie approved seller/servicers.