ABS

Reducing and/or eliminating risk is increasingly on the agenda for both trustees and sponsors of pension schemes.

The Bank of Cyprus has completed the securitization of €1 billion ($1.34 billion) in mortgage debt, according to market reports.

State Street said it has consolidated onto its balance sheet the ABCP conduits it administers following the analysis under the Federal Reserve’s Supervisory Capital Assessment Program (SCAP).

Mitsubishi UFJ Securities International expanded its credit trading and sales business with the hire of a team of former Merrill Lynch professionals in London, the Japanese banking giant said on Monday.

NewOak Capital hired Malay Bansal, the former head of CRE CDOs at Merrill Lynch, as a managing director in CMBS.

The Financial Accounting Standards Board (FASB) concluded its deliberations of two proposals earlier today which will soon be finalized as standards.

After engaging in a five-year scheme to inflate the value of mortgage loans to increase his commission compensation, Steven Gordon, a former mortgage securitizer from Miami, has been sentenced to serve 36 months in prison.

Key weekly market data for commercial paper reported by the Federal Reserve shows a market contraction for the week.

Education Investment Group (EIG) and Byte Consulting have teamed up to create a library of student loan ABS deal models and a portfolio monitoring tool.

Investors considering the purchase of toxic loan portfolios have been stymied by the low amount of data about the underlying assets.

Moody's Investors Service said that the future performance of EMEA CMBS pub securitizations will depend on the successful repositioning of pub portfolios to increase free cash flow generation.

Miller Tabak Roberts Securities (MTR) launched its ABS / MBS unit with eight structured product veterans.

The European Central Bank (ECB) is calling for more transparency on ABS to revive the market, according to market reports

Mortgage volume showed a bit more life this week versus the previous week, averaging modestly above normal versus the average in the previous week.

The Town of Plymouth Retirement System is seeking a fixed-income firm with experience managing term asset-backed loan facility programs or distressed credit strategies.

The Federal Reserve is seeing a pickup in activity in the ABS market and more demand for its Term Asset-Back Securities Loan Facility (TALF), according to chairman Ben Bernanke.

Now that the Treasury Department has agreed to bail out certain life insurance companies with Troubled Asset Relief Program money, speculation is that mortgage insurance companies could be next.

A new Web-based community that targets fixed-income investors and professionals, http://www.fixedincomecolor.com/, was recently unveiled and released to the public.

MBIA yesterday said a lawsuit filed Wednesday by a number of financial institutions accusing it of an “unlawful restructuring” of its insurance operations is “without merit”.

Traditional call protection sectors such as loan balance, high LTV, and certain geographic concentrations are fully valued at this time, according to Credit Suisse analysts.