Securitization

Real estate asset manager Buchanan Street Partners has promoted founder and CIO Tim Ballard to the role of president, the firm announced yesterday.

Steps taken by conduit sponsors to improve transparency in ABCP won’t be enough to achieve full disclosure on underlying assets and originators, Fitch Ratings said.

Bridger Commercial Funding said it planned to resume making new loans into the commercial real estate (CRE) space for the purpose of funding commercial mortgage-backed securities (CMBS).

Bankrupt shopping mall owner General Growth Properties won approval from a bankruptcy court for its reorganization plan, which will affect more than $10 billion in mortgage loans, the Chicago-based company said Tuesday.

The House Financial Services Committee debated Tuesday how to set up a covered-bond market in the U.S., including whether to establish an explicit backstop, but it was unclear how fast the panel was planning to move on the issue.

Construction of new single-family homes rose 2.1% from October to November at a seasonally adjusted annual rate of 482,000, a sign that housing construction might finally be on firm footing.

As earlier reported by StructuredFinanceNews.com, the Federal Deposit Insurance Corp. (FDIC)yesterday released for public comment an Advanced Notice of Proposed Rulemaking (ANPR) on its treatment as conservator or receiver of financial assets transferred by banks related to a securitization after March 31, 2010.

Lenders don't have to follow the new industry guidelines for representations and warranties about mortgages they sell, but they may save money by doing so — if private securitization ever revives.

The student loan sector is seeing some activity with two deals in the securitization market.

It appears that the three largest U.S. banks have begun to prepare for the much-awaited (and doubted) comeback of the CLO market.

The Federal Reserve Bank of New York received $1.3 billion in loan requests for legacy CMBS during the December TALF subscription.

The Federal Deposit Insurance Corp. (FDIC) has issued a proposed rule on securitization standards that include a 5% risk retention requirement on newly issued MBS by depositories.

The board of directors of the Federal Deposit Insurance Corporation (FDIC) approved an Advanced Notice of Proposed Rulemaking (ANPR) Regarding Safe Harbor Protection for Treatment by the FDIC as Conservator or Receiver of Financial Assets Transferred by an Insured Depository Institution In Connection With a Securitization or Participation.

Moody’s Investors Service today held still on Dubai-based RMBS Tamweel Residential ABS C1, despite recent downgrades of the primary servicer Tamweel PJSC and standby servicer Dubai Islamic Bank (DIB).

Structured finance solution provider Principia Partners has enhanced its platform to help investors standardize the ongoing integration of structured finance bond trustee data.

The Federal Deposit Insurance Corp. (FDIC) gave banks at least six months to raise capital to back the securities financial institutions will be adding to their balance sheets, according to a report from Bloomberg.

Client First Settlement Funding, a structured settlement funding company offering lump sum payments to structured settlements and annuities owners, hired Dan Fischer as chief financial officer and Lisa Rae Donato as chief marketing officer.

The American Securitization Forum (ASF) today released the final version of the ASF Model RMBS Representations and Warranties.

MBIA is being taken off the S&P 500 index this Friday, Standard & Poor's said late last week.

MBS investor Ellington Financial has pulled its planned initial public offering due to a lack of investor interest, according to combined news reports.