ABS

St. Louis, Mo.-based firm Alpine Capital Research (ACR) has added Daryl Grayson to help oversee “the firm’s marketing and sales efforts to the financial intermediary and institutional channels,” an announcement said today.

GMAC's Chief Financial Officer Robert Hull said he would be leaving the company by the end of this month, according to a Securities and Exchange Commission filing. Hull will be joining private equity firm Providence Equity Partners next month as its CFO.

Ginnie Mae should be given its independence from the Department of Housing and Urban Development (HUD), its former president said. Murin left Ginnie Mae this past summer.

The Carlyle Group has nabbed former Morgan Stanley sales and trading chief Michael “Mitch” Petrick as its first global head of credit alternatives and capital markets, the private-equity firm said today.

The Illinois Finance Authority (IFA) yesterday advanced more than $800 million of new-money and refunding debt planned by various organizations, including the Art Institute of Chicago, the Alexian Brothers Health System, and Palos Community Hospital.

1010data secured a $35 million minority equity investment from global venture capital firm Norwest Venture Partners (NVP).

Bill Petersohn, director of bulk acquisitions and capital market sales for Residential Capital Corp., Horsham, Pa., has resigned from the mortgage banker to take a job with an analytics firm.

Commercial banks will be big buyers of agency MBS this year and help keep mortgage rates in check after the Federal Reserve withdraws from the market, according to the head of securitization strategy at Barclays Capital.

NIBC Bank, a Netherlands based bank, began marketing a EUR750million ($1.02 billion) prime Dutch residential mortgage-backed securities (RMBS) deal.

House Financial Services Committee Chairman Barney Frank last Friday sent a letter addressed to the four largest providers of U.S. mortgages asking for a write down of second liens to prevent "a deepening crisis" in the U.S. housing market.

Fitch Ratings is seeking feedback from market participants in respect to its revised criteria for rating transactions of Dutch mortgages backed by the Nationale Hypotheek Guarantie (NHG), a state-sponsored guarantee that compensates lenders and issuers for potential losses on guaranteed mortgages.

The Regional Bond Dealers Association (RBDA) has called on the Financial Industry Regulatory Authority (FINRA) to suspend the Trade Reporting and Compliance Engine (TRACE) reporting of agency debt trades until bank dealers are required to comply with similar rules.

Volkswagen Bank began marketing its EUR475 million ($648 million) auto loan receivables securitization deal, Diver Seven.

The creation of an independent Consumer Financial Protection Agency (CFPA) would not impair safety and soundness regulation of banks, according to a majority of business economists.

The Canadian covered bond market is flourishing, even without covered bond legislation to bolster the sector.

Mary Coffin, the executive vice president of loan servicing and post-closing at Wells Fargo Home Mortgage will be traveling to upcoming home preservation events in some of the more distressed areas of the country like St. Paul and Minneapolis, as well as Los Angeles, Oakland and Miami, to learn how better to underwrite customers for loan modifications.

A little-noticed provision tucked into regulatory reform legislation by the Treasury Department is causing a furor among large institutions, which say it would effectively ban all derivative transactions between banks and their affiliates.

Babson Capital Management closed five CLOs with over $1.7 billion under management. Included in the transaction are Victoria Falls CLO, Diamond Lake CLO, Clear Lake CLO, Summit Lake CLO, and St. James River CLO.

Home lenders are smarting these days as Fannie Mae and Freddie Mac make them repurchase bad loans. But a multibillion-dollar windfall, courtesy of the GSEs, will mitigate lenders' pain.

The recent prepayment reports for Freddie Mac highlighted the better underlying credit in loan balance paper as this credit experienced lower delinquency buyouts.