ABS

Broker-dearl PrinceRidge Group named William Haley head of its ABS banking group. The new hire is reporting to Ahmed Alali.

The Department of Housing and Urban Development (HUD) is moving to raise the bar for lenders that do business with the Federal Housing Administration (FHA) at a time when that agency's market share, and credit risk, are soaring.

Federal Housing Administration (FHA) chief David Stevens has confirmed that the government's mortgage insurer will see its reserves fall below the 2% minimum level set by Congress but said the agency is tightening its credit standards to bolster the fund.

While some market participants are predicting CLOs will cool down following this summer’s rally, many believe pools of mezzanine debt within CLOs will remain red hot.

Finacity Corporation and Norddeutsche Landesbank Girozentrale (NORD LB) announced the closing of a European trade receivables securitization for JohnsonDiversey, Inc.

Lending through the Federal Reserve Board's discount window grew 5.1% during the past week, to $111.9 billion.

The Federal Reserve Bank of New York announced the results of the latest TALF operations in support of new and legacy CMBS. The New York Fed received loan requests for legacy CMBS in the amount of $1.4 billion, down from $2.3 billion in requests in August that resulted in $2.1 billion in settlements.

Chairman Mary L. Schapiro's opening statement before the U.S. Securities and Exchange Commission (SEC) open meeting stated that the SEC is considering a series of proposals that would considerably bolster the regulatory framework regarding nationally recognized statistical rating organizations (NRSROs).

California Attorney General Jerry Brown today announced that he has issued subpoenas to the three major ratings agencies as part of an investigation into the way they rated securities, such as those backed by subprime mortgages that later went sour as the housing market bubble burst.

Mortgage Industry Advisory Corp. (MIAC) is selling a $1.04 billion package of Ginnie Mae servicing rights backed by mortgages that are mostly located in the Northeast.

Two different funds have bought stakes in PennyMac, Calabasas, Calif., the publicly traded real estate investment trust that invests in and services distressed mortgage assets.

Barclays, London, is shifting $12.3 billion in problem assets from the recent U.S. mortgage/financial crisis into a new third-party vehicle in a deal it will fund over 10 years through a $12.6 billion loan to the third party involved.

Chase's credit card deal was upsized once again to $2.775 billion. It was initially upsized to $2.525 billion from $2 billion.

Finacity Corp. and Norddeutsche Landesbank Girozentrale (NORD/LB) have facilitated the

Standard & Poor's published revised methodologies and assumptions it uses to rate global CDOs backed by corporate debt.

Mortgage rates eased a further three basis points on fixed rate loans, according to Freddie Mac, to 5.04% with an average 0.7 point on 30-years and 4.47% on 15-years.

Fitch Ratings said today that it does not assign Issuer Default Ratings (IDRs) to special purpose vehicles (SPVs) used in structured finance because of their lack of standalone commercial substance.

Fannie Mae has named former PHH Mortgage chief Terry Edwards — who steered that nonbank through the worst of the mortgage crisis — as its new EVP in charge of portfolio management.

Chase's credit card deal was upsized to $2.525 billion from $2 billion.

This morning's July TIC data that showed that overseas investor holdings of agency bonds, which comprise agency debentures and agency MBS, have dropped by $18 billion in July, as reported in a Bank of America Merrill Lynch report.