ABS

It appears that the three largest U.S. banks have begun to prepare for the much-awaited (and doubted) comeback of the CLO market.

The Federal Reserve Bank of New York received $1.3 billion in loan requests for legacy CMBS during the December TALF subscription.

The Federal Deposit Insurance Corp. (FDIC) has issued a proposed rule on securitization standards that include a 5% risk retention requirement on newly issued MBS by depositories.

The board of directors of the Federal Deposit Insurance Corporation (FDIC) approved an Advanced Notice of Proposed Rulemaking (ANPR) Regarding Safe Harbor Protection for Treatment by the FDIC as Conservator or Receiver of Financial Assets Transferred by an Insured Depository Institution In Connection With a Securitization or Participation.

Moody’s Investors Service today held still on Dubai-based RMBS Tamweel Residential ABS C1, despite recent downgrades of the primary servicer Tamweel PJSC and standby servicer Dubai Islamic Bank (DIB).

Structured finance solution provider Principia Partners has enhanced its platform to help investors standardize the ongoing integration of structured finance bond trustee data.

The Federal Deposit Insurance Corp. (FDIC) gave banks at least six months to raise capital to back the securities financial institutions will be adding to their balance sheets, according to a report from Bloomberg.

Client First Settlement Funding, a structured settlement funding company offering lump sum payments to structured settlements and annuities owners, hired Dan Fischer as chief financial officer and Lisa Rae Donato as chief marketing officer.

The American Securitization Forum (ASF) today released the final version of the ASF Model RMBS Representations and Warranties.

MBIA is being taken off the S&P 500 index this Friday, Standard & Poor's said late last week.

MBS investor Ellington Financial has pulled its planned initial public offering due to a lack of investor interest, according to combined news reports.

On Tuesday, the House Financial Services Committee will hold a hearing on covered bonds backed by high-quality mortgages and consumer loans, a European market some U.S. legislators believe could become more influential in the U.S. and help fill in the gap left by the still-moribund MBS market.

CIT Group, which emerged from its 38-day bankruptcy last week, announced it will commit $500 million to its small business lending program for government guaranteed loans.

Bridger Commercial Funding will resume originating new commercial real estate loans on income-producing properties, the firm said today.

The commercial origination and servicing business of bankrupt Capmark Financial Group has been acquired by Berkadia Commercial Mortgage, a joint venture of Berkshire Hathaway and Leucadia National Corp.

Fitch Ratings launched a number of changes to its CDO SMART surveillance Web page, which is designed to enhance the level of disclosure on a multi-issuer of covered bonds deals.

Former TCW fund manager Jeffrey Gundlach has formed a strategic relationship with Oaktree Capital Management, which will back his new firm DoubleLine, according to a release from the new firm.

The U.S. House of Representatives just passed sweeping regulatory reform legislation that includes language on financial reforms that support a recovery in the commercial real estate finance market.

DBRS is requesting comments on the proposed rating methodology for U.S. servicer advance deals backed by reimbursement rights for advances made to RMBS trusts, a release from the agency said.

The House passed a regulatory reform bill 223 to 202 on Friday that would significantly reshape the financial framework.