ABS

When Senate Banking Committee Chairman Chris Dodd promised a "bold" vision of regulatory reform early this year, he clearly wasn't kidding.

Cadwalader, Wickersham & Taft hired Susan E. D. Neuberg for the finance group of the firm’s corporate department.

Ambac Financial Group, parent of bond insurer Ambac Assurance Corp., warned that its liquidity could dry up before the second quarter of 2011 and that it may have to file for bankruptcy protection, according to its third-quarter 10Q filing. The company said current liquidity is "currently insufficient to fund its needs beyond the near term."

Federal Home Loan Bank presidents sought on Tuesday to downplay a possible systemwide impact from a Federal Housing Finance Agency (FHFA) decision to bar the Seattle bank from redeeming stock.

Fitch Ratings today pulled its criteria report for rating European credit card transactions.

The Florida housing market continues to suffer from high delinquencies with 22% of all mortgages in the state reported as non-current at the end of September, according to a new report from Lender Processing Services (LPS).

Two former managers in charge of Bear Stearns hedge funds that invested in subprime bonds and derivatives were found not guilty of fraud charges Tuesday afternoon in New York.

As reported by the StructuredFinancenews.com Web site yesterday, Developers Diversified Realty Corp. is in the market with the first new-issue deal under the CMBS Term ABS Loan Facility.

In 3Q09, MBIA continued to review the mortgage loans in its insured deals. Based on this, the expected net cash flows were revised based on these additional loan reviews.

Standard & Poor’s said today that rating performance remained decidedly negative for U.S. RMBS in 3Q09, as the sector experienced an increase in performance-related downgrades and no upgrades over the period.

U.K. bank Lloyds TSB announced it will make a refinancing contribution to its ARKLE master trust.

Fannie Mae's $180 billion multifamily (MF) loan portfolio appears to be in decent shape, suffering little in the way of serious delinquencies, according to a new public filing.

The Peter Cooper Village/Stuyvesant Town $3 billion A-note loan has been transferred to specialty servicer CWCapital due to the sponsors' request for relief.

Senate Banking Committee Chairman Chris Dodd launched a tough opening salvo Tuesday in the regulatory reform debate, unveiling legislation that would go well beyond other plans to redraw the financial services regulatory map.

The Ginnie Mae guaranteed a record $418 billion in MBS in fiscal year 2009, but it turned out to be less profitable than in previous years.

New York Higher Education Loan Program is in the market with a $100 million offering backed by private student loans named State of New York Higher Education Finance Authority, NYHELPs Education Loan Revenue Bonds, 2009 Series A

Freddie Mac had credit-related expenses of $7.5 billion for the third quarter, which was the leading driver of its $6.3 billion net loss to common stockholders.

Total delinquencies and monthly defaults on U.S. timeshare ABS dropped in 3Q09, according to the latest timeshare ABS index from Fitch Ratings.

Paladin Strategic Partners acquired a controlling interest in HomeSaver Mortgage Management.

Advanta Bank Corp. may slip into Federal Deposit Insurance Corp. (FDIC )receivership, according to its parent company that filed for Chapter 11 bankruptcy protection on Sunday in Delaware.