Securitization

Amherst Securities Group named John Caputo as its primary CMBS trader, effective June 21.

Dechert has named Thomas Vartanian, David Ansell, and Robert Ledig as partners in its Washington, D.C. office.

Ambac Financial Group announced Thursday that it entered into a pair of debt-for-equity exchanges June 11, meaning that it purchased back its own debt by offering debt-holders a stake in the company.

Investors believe financing and buyer interest in "second-tier" commercial real estate markets remains limited, according to a new survey from PricewaterhouseCoopers.

The big three credit rating agencies have long made the disclaimer that investors should not use ratings as a substitute for independent judgment. Now regulators want banks to prove they aren't doing that.

Mortgage bankers originated $16.3 billion of jumbo loans in the first quarter, a 2% decline from the same period last year but a much stronger performance than the overall market, according to figures compiled by National Mortgage News.

It appears that House/Senate conferees are leaning toward adopting risk retention language requiring issuers of residential MBS to hold a "vertical" slice of securitized assets, which means mortgage bankers will be affected by losses on all tranches, not just one.

Impact Community Capital priced an over $302 million affordable multifamily housing mortgage deal.

Mortgage Industry Advisory Corp. will auction off a portfolio of mortgage servicing rights tied to $1 billion of loans controlled by Freddie Mac.

Citigroup has hired Peter Babej, the former co-head of Americas financial institutions at Deutsche Bank, according to a Bloomberg report.

Standard & Poor's has commented on one of the key issues looming over the European housing market.

After financial reform, GSEs should be the next sector dealt with, said Federal Deposit Insurance Corp. (FDIC) Chair Sheila Bair at the University of Pennsylvania today. Text of her speech follows:

The U.K.'s decision this week to scrap the Financial Services Authority (FSA) may signal that consolidated supervision doesn't work. But more likely it shows that the structure of bank regulation is beside the point.

Pillsbury has acquired a large group of finance and corporate attorneys from Nixon Peabody.

William Winters, the former co-head of investment banking at JPMorgan Chase, has been named as an adviser to the British government, according to a DealBook report.

CU Student Lending has released one of the lowest rates available nationwide for private student loans.

In the wake of a criminal indictment against the owner of Taylor Bean & Whitaker, the Inspector General for the Department of Housing Urban Development is projecting at least $3 billion in losses for the government, perhaps more.

Integrated Asset Services (IAS) has completed a planned transition of its day-to-day management, the firm announced today.

The covered bond sector was a hot topic at this week’s Information Management Network Global ABS 2010 held in London.

Ally Bank is in the market with a $792.3 million transaction. Deutsche Bank Securities, JPMorgan Securities and RBS Securities are lead managing the securitization.