ABS

The Federal Deposit Insurance Corp.'s (FDIC) Indymac systemic loan modification plan could have a widespread impact on bond holders, according to a recent report from Barclays Capital.

Citigroup plans to revamp its capital markets business under its investment-banking arm.

Fitch Ratings presents its asset-level projected loss analysis (PLA) to quantify loss expectations on structured finance (SF) CDOs.

The market is grossly mispricing heavily defeased CMBS, although it is true that the illiquidity and weak technicals make it difficult to trumpet relative value in the current

Recent selling has pushed many non-agency MBS yields, particularly in subprime and option ARM, to acceptable and even attractive levels, a recent Merill Lynch report said.

Baker & McKenzie advised Citi Microfinance on its five year contract with AT Microloans I, which is a wholly-owned subsidiary of ACCION Texas, to buy up to $30 million in microenterprise loans, a first for the U.S. microfinance industry.

Lehman Brothers heads of mortgage origination and securitization are leaving the firm, according to published news reports.

Standard & Poor's yesterday lowered its ratings on 49 tranches from 11 U.S. cash flow and hybrid CDO deals.

Mortgage rates were mostly lower this week according to Freddie Mac's weekly survey.

The Securities Industry and Financial Markets Association (SIFMA) appointed Michael Paese as executive vice president, global advocacy, with responsibility for association's global legal, governmental, and legislative affairs and advocacy initiatives.

DebtX sold more than $292 million in nonperforming residential real estate loans. The portfolio will be offered in 19 separate pools and will bid on Sept. 18.

As the GSEs struggle to preserve capital and indicate that they are not likely to be growing their portfolios, the Federal Home Loan Banks' (FHLB) agency portfolio growth has remained strong, Lehman Brothers said in a recent report.

GSI Securitization acquired ARGYLE Solutions, which is a technology-driven healthcare revenue cycle management firm.

Production of Federal Housing Administration jumbo mortgages continues to ramp up, and Ginnie Mae officials say they expect to guarantee another $1.9 billion in FHA jumbo mortgage-backed securities in August, up from $1.5 billion in July.

Wachovia Corp. will buy back more than $8.5 billion of auction-rate securities as part of an agreement to end investigations by state regulators into the marketing of the complex securities.

Capital One Financial Corp. disclosed Friday that loan-loss ratios for credit cards improved in July from the second quarter but that delinquencies continued to rise.

Student lender First Marblehead Corp. said Goldman Sachs completed a $132.7 million cash investment in the company as co-founder Daniel Meyers will return to lead the firm.

U.S. CMBS delinquencies rose two basis points in July, ending the month at 0.43%, as reported by the Fitch Ratings Loan Delinquency Index.

Hanover Capital Mortgage Holdings, a New York-based real estate investment trust, has reported a net loss of $22.9 million ($2.66 per share) for the second quarter, compared with a loss of $11.4 million ($1.42 per share) a year earlier.

NovaStar Financial, Kansas City, Mo., has acquired a majority interest in PipeFire, a residential appraisal management firm headquartered in Indianapolis.