ABS

Fitch Ratings cut $2 billion of floating rate notes issued by Thor Asset Purchase to

The U.K.'s Council of Mortgage Lenders weighed in on the U.K. Treasury's plans to extend the Financial Services Authority's oversight of the industry in certain ways with what it characterized as a "mixed" response to the proposals.

BAA Limited, an airport company owned by Grupo Ferrovial, announced that it has successfully placed a GBP700 million ($1.14 billion)bond, with a 2026 maturity and a fixed annual interest coupon of 6.75%.

Norton Rose has hired former Clifford Chance partner Kate Alliott to its capital markets practice.

The U.S. Treasury and Department of Housing and Urban Development (HUD) unveiled measures that will make modifications under the Home Affordable Modification Program (HAMP) currently in the trial phase into permanent loan modifications by the year end.

The U.S. Treasury Department said today that Marathon Asset Management is ready to start buying toxic assets under the Public-Private Investment Program(PPIP).

Fitch Ratings downgraded notes issued by UAE CMBS VEHICLE NO. 1 in the aftermath of Dubai World’s announcement that it would seek a six-month standstill of payments on its debt and that of its developer unit Nakheel.

Standard & Poor's downgraded $43.74 billion European CDOs after updating ratings criteria in September.

Friends Provident appointed Dominic Fryer as strategy and risk manager in its corporate team.

Macquarie Group equities broking unit appointed Jeremy Kloiser-Jones to the new role of Asia head of structuring and derivatives solutions.

Deloitte & Touche is about to further boost its securitization and leveraged loan efforts by hiring for its software development team.

Financial Guaranty Insurance Corp. (FGIC) has been blocked from paying claims until it repairs its tattered finances under an order from New York State regulators.

Bennett Jones hired two securitization professionals Michael Clifford and Peter Westcott, who were formerly at Davies Ward Phillips & Vineberg.

Commercial banks originated $405.6 billion of residential mortgages in the third quarter, down 25% from the second quarter.

Standard & Poor’s today downgraded to 'BB' from 'BBB-' the financial strength, financial enhancement, and corporate credit ratings of bond insurer Radian Asset Assurance. Radian will remain on negative watch.

Home prices rose 0.3% in September, compared to 1.2% in August, according with the Standard & Poor's/Case-Shiller 20-city house price index, which posted its fourth consecutive monthly increase.

Freddie Mac said in a new public filing that not only does it have financial exposure of almost $1.1 billion due to the failure of Taylor, Bean & Whitaker (TBW) but it faces additional losses on the company that "could be significant."

A banker previously from Merrill Lynch who led ABS sales for Japanese gaming parlors plans to set up a 100 billion yen ($1.1 billion) fund to invest in Asian distressed assets for Zais Group, according to a Bloomberg report.

Swiss Re transfered $75 million of U.S. and U.K. extreme mortality risk to the capital markets through a new securitization program called VITA Capital IV Ltd.

The New York Federal Reserve rejected three bonds for the November Legacy CMBS Term ABS Loan Facility (TALF) subscription, while accepting 60.