Radian Hires Clifford Rossi as Chief Economist
Why regulators don’t want to cripple Ocwen; BAML promotes from CLO ranks; and Clifford Rossi moves to Radian.
Career moves
BAML Names 2 CLO Vets to Global Structured Fin Roles
Bank of America Merrill Lynch promoted two more executives from its collateralized loan obligation unit to top roles in global structured finance.
Sandler O’Neill Latest Firm Getting into the CMBS Business
Sandler ONeill + Partners, an investment bank that caters to financial services companies, is getting into the commercial mortgage securitization business.
QE’s Unintended Consequences
In this week’s webcast: quantitative easing is making European ABS a tough sell for investors; SocGen plots return to U.S. CMBS market.
Battreall to Lead GE Capital Commercial Distribution Finance
GE Capital named Steve Battreall president and chief executive of its Commercial Distribution Finance business, a leading provider of inventory financing.
Opus CMC’s Hires William Shuey as Director of Securitization
Opus Capital Markets Consultants (CMC), a leader in mortgage due diligence and a wholly owned subsidiary of Wipro Limited has hired William Shuey as director of securitization.
SocGen Plots Return to U.S. CMBS Market with New Hires
Societe Generale marked its return to the US CMBS conduit market this week with the announcement that it hired an 11 strong CMBS team from the Royal Bank of Scotland.
S&P Agrees to One-Year Ban from Rating Conduit CMBS
Standard & Poors agreed to a one-year suspension from rating commercial mortgage bond conduits and $77 million in fines to settle charges with the Securities and Exchange Commission and two state attorneys general.
TRIA Renewed
In this week’s webcast: Greg Finck hops over to Morgan Stanley Investment and commercial mortgage-backeds get relief from the extension of the government’s backstop of terrorism insurance.
LCM Nabs Two European Securitization Pros from S&P
LCM Partners Limited has hired Ilaria Vignozzi and Nadya Aleshina, formerly directors from S&P to join its consulting team.
Cat Bonds Escape Hurricane Odile
In this week’s webcast: Cat bond investors escape Hurricane Odile unscathed, and Fitch creates new post of chief risk officer.
How this Summer’s Loan Selloff Boosted CLO Issuance
Octagon Credit Investors took advantage of a dip in loan prices over the summer to quickly print a CLO at the request of one of its own investors, using the proceeds to snap up collateral, largely in the secondary market.
ASR Update
In this week’s webcast: Nomura nabs a portfolio of legacy mortgage bonds and B2R beefs up its C-Suite.
ASR Update
In this weeks’ webcast: two new kinds of “green” securitizations are in the market, and Highland Capital adds to its CLO expertise.
New York’s Top Bank Regulator Considering Exit in 2015
New York's top banking regulator Benjamin Lawsky, who used his leverage to stiffen penalties against some of the world's largest financial institutions, will probably step down next year to take a job in the private sector.
ASR Update
In this week’s webcast, subprime auto lenders are on the defensive again, and Fannie and Freddie name the CEO of their common securitization platform.
Fannie, Freddie Name CEO for Their Common Securitization Platform
Industry veteran David Applegate will serve as the first chief executive officer of their common securitization platform.
ASR Update
In this week’s webcast: buy-to-rent mortgage provider B2R hires CFO and a California country becomes the latest issuer of tobacco bonds to try a buyback.
ASR Update
In this week’s webcast: Mortgage aggregator Rescap turns around and sues originators of faulty loans, and Citi names a European head of RMBS distribution.
Citi Names European Head of RMBS Distribution
Citigroup has hired Garo Torossian as European head of distribution for RMBS, a newly created role at the bank.
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