Securitization

Evercore Partners announced its latest acquisition yesterday with the news it would be taking on commercial real estate advisory boutique MJC Associates.

Good things, it seems come in threes, with three new CLOs in the works. Orix, Apollo Management and GSO Blackstone are arranging the three CLOs, sources said.

A new coalition of commercial real estate interests is urging the government and Congress to act quickly to revive CRE lending and help speed up the economic recovery.

Helm, a founding partner of the Spring, Texas-based firm, replaces Ken Austin, who is leaving the company to pursue personal interests, a company statement said.

Nissan Canada began marketing a new C$660 million ($665 million) auto loan securitization deal this week, NIF-T 2010-1.

Arguing that regulators are not likely to correctly predict the next crisis, former Federal Reserve Board Chairman Alan Greenspan said Wednesday that banks must hold more capital and face higher collateral requirements.

Worthington Industries said it is planning an offering of $150 million senior notes due 2020.

Investors selected Prudential Fixed Income to serve as replacement manager for two CLOs: GSC European CDO III SA and GSC European CDO IV SA.

SBA Depositor is marketing two CMBS under its tower trust series of deals.

As part of expanding it U.S. and Asian antitrust capabilities to Europe, Bingham McCutchen has hired Davina Garrod for its London office as a partner in the antitrust and trade regulation practice group.

The Securities and Exchange Commission (SEC) proposed a requirement that most ABS issuers file a computer program that gives effect to the flow of funds, or “waterfall,” provisions of the transaction.

Mortgage rates jumped in the week ending April 8 in response to last week's late week sell-off in Treasurys related to a better than expected ISM Manufacturing on Thursday, and especially the March employment report on Friday that showed strong private jobs growth.

SecondMarket, the biggest secondary marketplace for illiquid assets, has formally launched the first centralized market for ABS.

Structured Finance Advisors (SFA) served as the sole advisor in structuring and coordinating investors on a $111 million structured finance transaction.

The dollar volume of defaulting loans in Japanese CMBS rated by Moody's Investors Service decreased somewhat in the latest monthly reporting period.

Issuance of structured deals in Mexico’s domestic market totaled Ps16.3 billion ($1.3 billion) during March, according to a monthly report by the research arm of IXE Grupo Financiero.

Royal Bank of Scotland's (RBS) Commercial Funding has a $309.7 million CMBS deal that, when sold, would become the first conduit sale in about two years and could serve as benchmark for the selling these type of transactions, according to Reuters Report.

The Securities and Exchange Commission (SEC) proposed significant revisions to Regulation AB and other rules regarding the offering process, disclosure and reporting for ABS.

With talks of Redwood Trust issuing a$200 million Jumbo mortgage securitization, as reported by the Wall Street Journal, industry experts are mulling what this means for the private label RMBS market.

The Securities and Exchange Commission (SEC) filed administrative proceedings against Morgan Keegan & Co. and Morgan Asset Management and two employees accused of fraudulently overstating the value of securities backed by subprime mortgages.