ABS

Knight Libertas, an institutional fixed-income broker subsidiary of Knight Capital Group, has tapped Brian Yelvington to head its new bond research division.

This year mortgages have done very well courtesy of the substantial buying from the Federal Reserve.

Ambac Financial Group reported approximately $856 million in statutory capital at the end of the third quarter in an 8-K filing with the Securities and Exchange Commission (SEC) this morning.

Residential originations will decline by almost 30% next year to $1.38 trillion as rising interest rates put a crimp on new originations, according to a new forecast from Fannie Mae.

The Treasury Department, the Securities and Exchange Commission, the Department of Housing and Urban Development and Justice Department established a financial fraud task force on Tuesday.

Michael A. Carpenter, GMAC's newly installed chief executive, says his top priority is to stop its troubled mortgage unit from dragging down the rest of the $178 billion-asset company.

Following up on its extensive rating review of recent vintage CMBS, Fitch Ratings published the first in a series of U.S. CMBS performance reports aimed at delivering to investors the highest level of transparency and opinion on the transactions it rates.

Non-Term ABS Loan Facility (TALF) deals have surfaced in the ABS market, serving as evidence that there is demand for the product away from the Federal Reserve program.

Deutsche Bank hired Patrick Kaufer as a managing director in its debt capital markets (DCM) group.

U.S. mall owner Developers Diversified Realty Corp. (DDR) kicked off new CMBS issuance by selling $400 million of securities on Monday under the Federal Reserve’s Term Asset Backed Loan Facility (TALF), which is the first offering under the new-issue CMBS TALF.

Moody's Investors Service said that certain swap-related issues frequently encountered in recent ABS and RMBS transactions across the Europe, Middle East and Africa (EMEA) area could have negative ratings impact.

New York City-based real estate firm Stonehenge Partners hired Richard Dansereau as managing director of the firm’s investment management division.

GMAC announced Monday that Al de Molina has resigned as its chief executive and from the board.

Residential delinquencies increased for the 11th straight quarter, hitting an all-time high of 6.25% for the period ending Sept. 30, according to new figures released by TransUnion.

Investment bank Aladdin Capital Holdings has purchased the synthetic CDO business of European specialist credit management company Solent Capital Partners.

Commercial property debt continued to see more delinquencies in October, according to several rating agencies, and one rating agency voiced concern about how these problems will impact small and mid-sized regional banks.

Chargeoff rates continued to drop throughout the credit card industry in October, bolstering the view that the sector is beginning to pull out of a devastating cycle of credit losses.

Ford Motor Co. is in the market with a $1.027 billion auto loan ABS called FORD Auto Owner Trust 2009-E or FORDO 2009-E.

JPMorgan’s head of credit trading for North America is leaving his position, according to several reports. Eric Rosen will step down from his role but may take another with the bank.

Moody's Investors Service assigned definitive ratings to the notes to be issued by Navistar Financial Dealer Note Master Owner Trust Series 2009-1 or NAVMT 2009-1, which is the first series of dealer floorplan notes to be issued by Navistar Financial Corp. since 2005.