Securitization

Sidley Austin has added three partners to its executive committee, the committee that exercises general authority over the affairs of the firm.

The regulatory reform bill that cleared the Senate is supposed to impose risk retention requirements on MBS issued by Fannie Mae and Freddie Mac, but some legislative experts say the language adopted may have missed the mark.

The Treasury Department extended the deadline to Sept. 30 for mortgage servicers to sign Sarbanes-Oxley Act-type agreements certifying that they are in compliance with the Making Home Affordable Program.

DebtX is selling around $500 million of mostly commercial real estate (CRE) loans on behalf of three financial institutions in June.

Though House and Senate lawmakers still have plenty of issues to work out in the final regulatory reform bill, one thing is already clear: The legislation will do little to streamline the fractured financial regulatory framework.

The Mortgage Bankers Association's (MBA) chief economist is hopeful that last week's run-up in the LIBOR index could be the spark needed to light a fire under the refinancing sector.

Commercial real estate sales, prices and lending showed improvement in the first quarter but regulators expect bank losses on CRE loans will be elevated for at least another year.

When it comes to the "buyback wars" between originators and secondary market investors, the best defense is a good offense. And that entails hiring outside due diligence firms, attorneys, and an army of in-house underwriters whose mission is to refute repurchase claims and fight off allegations that a loan was fraudulent and therefore should be bought back.

Robert Story, Jr., chairman of the Mortgage Bankers Association (MBA) reacted to the passage of S. 3217, the Restoring American Financial Stability Act of 2010.

Amherst Securities Group hired Dan Hoffman as head of sales. In this position, Hoffman will be responsible for managing Amherst's fixed-income sales group.

Former head of U.S. asset securitization at Barclays Capital Michael Wade will join Credit Suisse this summer as a managing director and co-head of asset finance in the global markets solutions group, according to an internal memo.

Dan Castro has joined institutional broker dealer BTIG. Further boosting the company’s fixed-income competencies, Castro will be creating a structured finance analytics and strategy group at the firm.

After three weeks of contentious debate, the Senate approved landmark financial reform legislation 59 to 39 late Thursday.

Capital One has filed an S-3 with the Securities and Exchange Commission (SEC) to possibly issue an ABS under its Capital One Auto Receivables trust.

Independent third-party review firm Allonhill hired Ross Gammill as director of the firm’s new commercial due diligence offering.

Most sectors have by now actively returned to the private bond market. However, real estate is still the one little piggy that stayed home.

Mortgage Delivery Specialists (MDS) and Indecomm-Mortgage Dynamics (IMDI) have formed a strategic alliance.

The government program to stem the rising tide of foreclosures has gotten off to a slow start for sure, but there's hope yet that the Home Affordable Modification Program (HAMP) will catch fire and may even stem "strategic defaults."

Elgin Capital, a London-based asset manager, will start purchasing debtor-in-possession loans backing U.S.-based companies for its CLOs.

The tranches in the $325 million ALM Loan Funding 2010-1 LTD CLO — arranged by Citigroup and managed by Apollo Management — have been priced, a source familiar with the situation said.