Securitization

National Public Finance Guarantee Corp. (National), a subsidiary of MBIA, has named William Fallon as interim chief executive officer, the firm announced today. Fallon is currently president and chief operating officer of MBIA .

General Growth Properties (GGP) on Tuesday filed a reorganization plan with a bankruptcy court, which will split the company into two publicly-traded entities that will emerge from bankruptcy by the end of October.

Cagamas Berhad launched the Sukuk al-Amanah Li al-Istithmar (Sukuk ALIm) under its RM5 billion ($1.56 billion) Islamic commercial paper (ICP) and Islamic medium term note (IMTN) programs.

Deutsche Bank hired Jeffrey Mayer as head of global markets for North America. Mayer will be managing the bank’s market-leading sales and trading business in the region.

Moelis & Co. has named Joseph Simon as managing director and chief financial officer, the firm announced today. With over 25 years of experience, Simon will be responsible for all finance and accounting matters and will be based in the firm’s New York office.

PIMCO has named Kristofer Kraus a new executive vice president within its advisory division. He will help lead new business development and relationship management.

PIMCO has named Kristofer Kraus a new executive vice president within its advisory division. He will help lead new business development and relationship management.

General Motors (GM) Co. has decided not to follow through on plans to create its own finance unit, according to a report by Bloomberg. The auto company will instead seek lending assistance from banks, including JPMorgan Chase, Bank of America, and Wells Fargo.

Capital Finance Australia and Toyota Motor Corp. are in the market with two auto-backed deals.

Entergy Gulf States Louisiana (EGSL) is in the market with a $244.1 million transaction backed by system restoration bond collateral.

Residential foreclosures could top 1.23 million units this year, according to figures compiled by CoreLogic, Los Altos, Calif.

The Federal Deposit Insurance Corp. (FDIC) hopes to sell a MBS collateralized by at least $500 million of performing residential whole loans by the end of this month through a private placement deal, investment banking sources told National Mortgage News.

Due to an unexpected “entrepreneurial opportunity that was too attractive to pass up,” Legg Mason has lost its CFO C.J. Daley to a privately held asset manager.

Passing regulatory reform legislation, a grueling effort that has taken more than a year of debate, is just a warm-up for an even tougher fight over the future of Fannie Mae and Freddie Mac.

More than three years after the mortgage crisis began, some lenders are still selling loans to Fannie Mae and Freddie Mac without properly verifying borrowers' ability to pay.

Like a shark swimming near a crowded beach, the Dodd-Frank financial reform bill is causing a lot of anxiety for bank loan market participants, especially those who have anything to do with CLOs.

Ginnie Mae guaranteed more than $33.4 billion MBS in June, the agency announced today.

Pending financial regulation — including updated standards for risk retention, increased disclosure requirements, and the creation of a Bureau of Consumer Financial Protection (BCFP) — will affect consumer ABS in various ways, according to Barclays Capital analysts in a recent report.

Quantifi XL has been selected by OFI Asset Management for the pricing and analysis of its structured products and distressed market portfolios.

According to a recent report from KfW, €28 billion ($35.27 billion) was publicly placed in Europe’s securitization market over 1H10, three times the amount placed in all of 2009.