Securitization

Crown Castle International Corp. (CCI) is in the market with a refinancing of $1.9 billion in senior secured notes.

The ongoing The TCW Group and Jeffrey Gundlach soap opera completed another episode yesterday when the money management firm filed suit against the bond pro and his new institution in Los Angeles Superior Court.

The New York Federal Reserve regularly conducts a risk assessment of the proposed collateral as part of the process for reviewing requests for Term ABS Loan Facility (TALF) loans to be backed by legacy CMBS.

Fannie Mae speeds picked up more than expected across 5% through 6.5% coupons in December.

The forum of three global regulatory bodies appointed by the G20 group of countries last November to device ways to strengthen regulatory oversight submitted its recommendations this week.

Pacific Investment Management Co. (PIMCO) named Sabrina Callin as acting head of PIMCO Advisory effective immediately.

Commercial finance firm NewStar Financial completed a $275 million CLO. The proceeds will be used to refinance existing debt and provide $50 million of new lending capacity.

James Freel will manage the real estate investment group at Amalgamated Bank as senior vice president and chief real estate officer for its institutional asset management and custody division, it was announced today.

The seasonally adjusted 30-day delinquency rate on home equity lines of credit jumped 20 basis points in the third quarter from the previous quarter to a new record of 2.12%, according to an American Bankers Association survey.

Bank of America issued the first reverse mortgage REMIC via Ginnie Mae, according to The Reverse Mortgage Alert, which is a publication from DealFlow Media.

Buyout-driven prepayments on agency MBS with coupons of 6% or higher could accelerate this year.

Even as Senate Banking Committee Chairman Chris Dodd announced his plan to retire, speculation began over how his probable successor, Sen. Tim Johnson, would handle the tricky issues the panel is likely to face next year.

The Federal Reserve is on track to end its $1.25 trillion MBS purchase program by the end of this quarter, but a minority of Fed officials would be in favor of resuming buying if market conditions warrant.

Matrix Corporate Capital (MCC) completed the first stage of its fixed-income build up by hiring senior team leaders in sales, trading and origination.

After four weeks of steady increases, mortgage rates have eased as 2010 got underway.

Conyers Dill & Pearman hired Tara Rivers for its Cayman Islands office.

The asset manager TCW Group has begun the liquidation process of its $356 million in Public-Private Investment Program (PPIP) funds, the Treasury Department said Wednesday.

Ford Motor Credit Co. priced its upsized auto floorplan ABS this morning. The deal was increased to $1.341 billion from $591.1 million.

GMAC Financial Services has written down the value of the riskiest mortgage assets of its mortgage division by 41%, a move that could be a precursor to a sale of the unit.

A Standard & Poor's review of 15 U.S. subprime transactions issued between 1998 and 2004 has ended with lower ratings on 48 classes from 14 transactions.