Latest News

Former Bear Exec Marano Named ResCap CEO

July 23, 2008 – Marano was appointed to the ResCap board as non-executive chairman in April 2008 just as he joined Cerberus as a managing director.

House, Senate Lawmakers Reach Agreement on Housing Bill

July 23, 2008 – Frank predicts enactment. Dodd, Shelby are 'optimistic.'

Assured to Market: It’s Not All Negative

July 23, 2008 – Weighing the end of triple-A bond insurers.

• SFA Sets Up Fund With Two Commercial Real Estate Veterans
• Market Speculates on Potential GM and Ford Bankruptcies
• Kempner Quits the MBA

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Features

Monolines Ride Out Tough Market in 2Q08, With Some Success

July 18, 2008 – The financial guarantor industry is still holding on after nearly a year of downgrades, write-downs, litigation and stagnant new issuance.

LURC Provides Innovative Approach to Restoration Bonds

July 18, 2008 – In a market where securitization deals are few and far between and where creative structures have taken a back seat to plain vanilla transactions, the Louisiana Utilities Restoration Corp. (LURC) is proving that innovation can still create value.

Market Moves to Restore Liquidity in Slow Week

July 18, 2008 – Primary issuance and secondary trading remained light as Fannie Mae and Freddie Mac uncertainties continued to weigh on the ABS market's mood.

U.K. Should Prepare Itself for Future Disputes

July 18, 2008 – The ESF and the SIFMA hosted a seminar last week investigating the explosion in U.S. subprime litigation and what implication it had for European market participants.

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