Securitization

The U.K. Financial Services Authority (FSA) said this week that it plans to widen the scope of its Structured Products Review to cover the financial advice sector.

Aberdeen Asset Management will shift the responsibilities of Senior Portfolio Manager Dan Taylor to existing team members, Investment Management Weekly has learned.

The October ABX remittance reports exhibited the same major trends that have been seen over the last few months, according to Bank of America/Merrill Lynch analysts.

The embattled Lend America, Melville, N.Y., has been trying to sell a large package of Ginnie Mae servicing rights but has yet to close on a deal, according to investment banking sources.

American Home Mortgage Servicing (AHMSI) this week will start servicing loans from six RMBS transactions that were serviced by the now-bankrupt Taylor, Bean & Whitaker (TBW), according to Moody's Investors Service.

Senate Banking Committee Chairman Chris Dodd on Monday said he would introduce legislation to immediately halt rate increases on existing credit card balances.

Standard & Poor's Fixed Income Risk Management Services (FIRMS) and Veros Real Estate Solutions join in a strategic alliance that provides property valuation information specific to loans underlying RMBS.

CIT Group amended its exchange offer and reorganization plan on Monday, just over a week after amending the agreement the first time. The New York-based finance company extended the expiration date of one of its offers and increased the interest rate payable on notes.

U.S. home prices tracked by Standard & Poor’s measures showed a slight gain in prices in August, suggesting that the housing market may have stabilized.

Principia Partners, which provides solutions for the management and administration of structured finance portfolios, launched Principia Structured Finance Platform (Principia SFP) Version 6.2.

Jefferies has named its new global head of investment banking and capital markets.

The Federal Deposit Insurance Corp. (FDIC) has seen a growing volume of assets acquired from failed banks in its role as receiver of these institutions.

ABSNet will be launching ABSNet Loan HomeVal in October. The launch of the data feed product in October will be followed by the data viewer in November.

The Mortgage Bankers Association (MBA) has created The Council on the Future of [Federal Housing Administration] FHA, a 25-member committee to make policy recommendations for the government-run mortgage insurance program's future.

Shareholders of Capitol Acquisition, a special purpose acquisition corporation,approved a deal to establish Two Harbors Investment Corp., a new RMBS REIT.

Transparency continues to be one of the underlying factors for market recovery, said speakers on a regulatory panel at Information Management Network’s 15th Annual ABS East conference held in Miami.

Freddie Mac veteran Bob Ryan starts this Monday as the Federal Housing Administration's first senior risk officer ever.

State Street Corp. announced the retirement last week of Chairman and CEO Ronald Logue. current President and CEO Jay Hooley,will succeed him, State Street said.

Capmark Financial Group filed for bankruptcy protection in Delaware on Sunday, becoming the latest casualty of a credit crisis now in its third year.

The card industry appears to be ever-so-slowly emerging from its harshest credit cycle.