Securitization

The International Swaps and Derivatives Association (ISDA), which represents 820 member institutions from 57 countries in the derivatives business, has elected its new board members.

Fitch Ratings said today that the two guarantees offered under the proposed U.K. government's 2009 ABS Guaranty Scheme will likely provide additional comfort for investors from a credit and liquidity perspective.

Celcia He joined Experian Capital Markets as senior quantitative research analyst.

Financial Security Assurance is no longer on Standard & Poor’s watch list because the bond insurer’s proposed sale to Assured Guaranty will probably extend past the normal time horizon for ratings watch, the rating agency said.

BNP Paribas Investment Partners launched an Islamic private placement fund investing in Shariah bonds and Murabaha, the asset manager said.

Standard Chartered Bank agreed to acquire 14 narrow body aircraft from GE Commercial Aviation Services (GECAS) through Pembroke Group.

A renewed effort by the Obama administration to rein in card practices — and a planned White House meeting Thursday with top issuers — appear to be geared more toward winning a relatively easy political victory and helping a critical ally than fundamentally reshaping the card industry.

PNC Financial Services plans to close Capstone Realty Advisors, its commercial mortgage banking unit, as part of an ongoing reorganization plan, National Mortgage News has learned.

In a report released today, Barclays Capital analysts gave their predictions regarding the April remittance reports, which reflect activity in March.

The Federal Reserve Board announced two new interest rates applicable to loans under the Term Asset-Backed Securities Loan Facility (TALF).

The Mortgage Bankers Association (MBA) plans to challenge a proposal that requires originators to have "skin in the game" when it testifies Thursday on Rep. Barney Frank's legislation to curb predatory lending practices.

The Treasury Department wants to move ahead with its Public-Private Investment Program (PPIP) for toxic mortgage assets while it solicits public comment on a rule that would exempt the asset managers from federal compensation restrictions.

The Federal Reserve Board has no particular exit strategy in mind when it comes to leaving the MBS market once it reaches the $1.25 trillion net purchase goal it set for 2009, said former FRB governor Randall Kroszner.

Evolution Securities, a U.K. investment bank, has boosted its fixed-income business by appointing Alexander Lazanas and Rajan Dosanjh.

Markit appointed Neil McPherson to manage and expand its structured finance pricing services. as a Managing Director in New York

The U.K. Council of Mortgage Lenders (CML) released data showing that the number of mortgage completions increased slightly in February.

PERILS AG, the independent Zurich-based company established to aggregate and provide industry-wide European catastrophe insurance data, appointed Luzi Hitz as chief executive officer.

Tim Houghton will be joining Cortland Capital Market Services on April 27 as managing director of new business development.

Peter Cotton was one of the architects at the heart of the CDO market but got out before the wheels came off the wagon. He left Morgan Stanley in 2007 to form venture-funded Julius Finance, a "model-fusion specialist" which promises "unprecedented visibility for market derived pricing and analytics" for the $58 trillion credit derivatives market.

Last Friday, student loan issuer Sallie Mae priced its second deal in 2009 from its SLM Student Loan Trust.