ABS

ClearStructure Financial Technology released Sentry for Syndicated Loan Trading.

The 30-year averaging 5.03% with an average 0.7 points, and 15-year rates at 4.46%, according to Freddie Mac.

The Securities Industry and Financial Markets Association (SIFMA) hired Timothy Cameron as a managing director and as the principal staff advisor to association’s asset management group (AMG).

Victor Gonzalez is leaving his post as director of investment banking at IXE Casa de Bolsa in Mexico to establish a start-up structurer.

Sales of new homes dropped unexpectedly in September to a seasonally adjusted annual rate of 402,000 units but the inventory number sank to the lowest level in 27 years.

GMAC Financial, which controls the nation's fifth largest mortgage banking franchise, is talking to the Treasury Department about the government investing up to $5 billion in additional capital into the struggling mortgage and auto lender.

Legislation to give regulators new powers to protect the financial system from failures of large institutions also imposes high credit risk retention requirements on MBS and ABS securitizations.

House prices rose 1.2% in August from the previous month, according to the Standard & Poor's/Case-Shiller house price index, which is up 4.4% since May.

The main proposals set out in the U.K. Financial Services Authority's (FSA) mortgage market review (MMR) include the use of a standardized approach to assessing consumers' ability to repay a mortgage. One of these is the verification of a borrower's income to qualify for a new mortgage.

The Federal Reserve Bank of New York said late yesterday that it had rejected five bonds while accepting 81 for the October Legacy CMBS TALF subscription.

As expected, mortgage application activity was lower in response to mortgage rate levels above 5%.

The U.K. Financial Services Authority (FSA) said this week that it plans to widen the scope of its Structured Products Review to cover the financial advice sector.

Aberdeen Asset Management will shift the responsibilities of Senior Portfolio Manager Dan Taylor to existing team members, Investment Management Weekly has learned.

The October ABX remittance reports exhibited the same major trends that have been seen over the last few months, according to Bank of America/Merrill Lynch analysts.

The embattled Lend America, Melville, N.Y., has been trying to sell a large package of Ginnie Mae servicing rights but has yet to close on a deal, according to investment banking sources.

American Home Mortgage Servicing (AHMSI) this week will start servicing loans from six RMBS transactions that were serviced by the now-bankrupt Taylor, Bean & Whitaker (TBW), according to Moody's Investors Service.

Senate Banking Committee Chairman Chris Dodd on Monday said he would introduce legislation to immediately halt rate increases on existing credit card balances.

Standard & Poor's Fixed Income Risk Management Services (FIRMS) and Veros Real Estate Solutions join in a strategic alliance that provides property valuation information specific to loans underlying RMBS.

CIT Group amended its exchange offer and reorganization plan on Monday, just over a week after amending the agreement the first time. The New York-based finance company extended the expiration date of one of its offers and increased the interest rate payable on notes.

U.S. home prices tracked by Standard & Poor’s measures showed a slight gain in prices in August, suggesting that the housing market may have stabilized.