Securitization

Quantifi announced the release of two new products- Quantifi CVA (Credit Valuation Adjustment) and Quantifi Counterparty Risk - currently in beta testing with a select few clients.

The former regulator of Fannie Mae and Freddie Mac said nationalizing the troubled GSEs is a bad idea, declaring that all government insurance programs are slated to fail.

Banks and mortgage servicers are not repossessing a massive backlog of distressed properties, which is likely to further depress home prices and prolong the housing crisis.

The House of Representatives Thursday afternoon overwhelmingly passed a Federal Housing Administration (FHA) reform bill allowing the agency to triple annual premium payments to 150 basis points, a move designed to bolster the insurer's wobbly finances.

JPMorgan Chase Commercial Mortgage Securities Corp. priced its $716.3 million CMBS, which offered a below-investment-grade piece, according to a Reuters report.

Interactive Mortgage Advisors, Denver, has launched a new fund to invest $100 million of cash in delinquent residential loans, but also "scratch and dent" products, GSE "kickbacks" and performing notes.

The performance landscape for U.S. dealer floorplan ABS is likely to improve for the already resilient asset class, according to Fitch Ratings.

Jones Day announced the addition of Richard White as partner in its Atlanta office. White joins the firm' real estate practice.

Blocking Rescues, or Challenging Bum Deals?

Many troubled banks are pleading with investors to sell trust-preferred securities back to them at a discount, warning they may fail otherwise. But a small group of investors are calling the banks' requests a bluff.

Guggenheim Securities, a Guggenheim Partners subsidiary, hired Robert Brennan and Anand Gajjar for its commercial real estate finance group as senior managing directors.

RBS Securities will add three new members to its global banking and market division, the firm announced today.

Janney Montgomery Scott will add five people to its fixed income team, including a former MBS trader from LPL Financial, the firm announced today.

Mortgage rates inched lower in the latest report from Freddie Mac. For the week ending June 10, the 30-year fixed mortgage rate averaged 4.72% with an average 0.7 point compared to 4.79% last week.

Guy Carpenter & Co. has named Liz Flynn as chief operating officer, the firm announced today.

Markit will expand its Markit Iboxx family of cash bond indices with the launch of the Markit Iboxx ABS index in the 3Q10, the firm announced today.

With securitized private-label mortgage product in short supply in the United States, investors are showing an interest in international product, according to one speaker at the American Securitization Forum's annual meeting.

The American Securitization Forum is planning to issue a paper on risk retention proposals and related amendments.

BNY Mellon launched Structured Credit Connection, an anonymous real-time auction marketplace where buyers and sellers can transact, the firm announced today.

Markit and Cairn Capital plan to launch the Markit ABS Performance Monitor platform, the firms announced today.