ABS

Principia Partners, which provides solutions for the management and administration of structured finance portfolios, launched Principia Structured Finance Platform (Principia SFP) Version 6.2.

Jefferies has named its new global head of investment banking and capital markets.

The Federal Deposit Insurance Corp. (FDIC) has seen a growing volume of assets acquired from failed banks in its role as receiver of these institutions.

ABSNet will be launching ABSNet Loan HomeVal in October. The launch of the data feed product in October will be followed by the data viewer in November.

The Mortgage Bankers Association (MBA) has created The Council on the Future of [Federal Housing Administration] FHA, a 25-member committee to make policy recommendations for the government-run mortgage insurance program's future.

Shareholders of Capitol Acquisition, a special purpose acquisition corporation,approved a deal to establish Two Harbors Investment Corp., a new RMBS REIT.

Transparency continues to be one of the underlying factors for market recovery, said speakers on a regulatory panel at Information Management Network’s 15th Annual ABS East conference held in Miami.

Freddie Mac veteran Bob Ryan starts this Monday as the Federal Housing Administration's first senior risk officer ever.

State Street Corp. announced the retirement last week of Chairman and CEO Ronald Logue. current President and CEO Jay Hooley,will succeed him, State Street said.

Capmark Financial Group filed for bankruptcy protection in Delaware on Sunday, becoming the latest casualty of a credit crisis now in its third year.

The card industry appears to be ever-so-slowly emerging from its harshest credit cycle.

The securitization market is turning a corner and is headed to some sort of equilibrium, said participants at the tools for conducting due diligence panel at Information Management Network’s (IMN) 15th annual ABS East gathering. The conference is being held this week in Miami Beach.

1010data, providers of the hosted analytics and reporting platform of choice for MBS andABS research and trading, hired Perry DeFelice as director of business development for capital markets customers.

Senior financial supervisors from seven countries today issued a report that evaluates how weaknesses in risk management and internal controls contributed to industry distress during the financial crisis.

Saying all vintages are now susceptible to the severe economic conditions, Fitch Ratings has placed 247 commercial mortgage-backed securities bonds with a balance of $9.3 billion in 22 fixed-rate 2005 transactions on Rating Watch Negative.

JP Morgan has a new CarMax Auto Owner Trust deal in the market. It is the third transaction issued by CarMax Business Services this year.

Fitch Ratings has been in dialogue with the FDIC regarding these issues to seek clarity on how certain transfers and structures will be treated going forward.

U.S. home prices are expected to trough in the next 12 months while default rates on underlying loans in U.K. RMBS will continue to rise, reaching a projected peak in 12 to 18 months time, according to a global survey of RMBS investors.

First American CoreLogic, a member of The First American Corporation family of companies, unveiled its new bond analytics solution – a bond pricing and analytics platform available for non-agency mortgage-backed securities.

Mortgage rates were mostly higher for the week ending October 22, according to Freddie Mac's weekly survey.