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      <title>Latest News Current Issue</title>
      <link>http://www.structuredfinancenews.com/news/index.html</link>
      <description></description>
      <language>en-us</language>
      <copyright>Copyright 2008 Structured Finance News. All rights Reserved.</copyright>
<managingEditor>editor@structuredfinancenews.com</managingEditor>
      <webMaster>webmaster@iproduction.com</webMaster>
      <pubDate>Fri, 03 Oct 2008 14:39:42 EDT</pubDate>
      <lastBuildDate>Fri, 03 Oct 2008 14:39:42 EDT</lastBuildDate>
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      <item>
         <title><![CDATA[Fannie Mae Cancels Delivery Charge Increase]]></title>
         <description><![CDATA[Fannie Mae announced that it would cancel the planned increase in its adverse market delivery charge. ]]></description>
         <link>http://www.structuredfinancenews.com/news/186144-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Deerfield  Converts into a C-corp and Termination of REIT Status]]></title>
         <description><![CDATA[Deerfield's move results in a potential future tax savings of roughly $80 - $84 million. ]]></description>
         <link>http://www.structuredfinancenews.com/news/186147-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Jefferies Hires Fixed-Income Salesperson to Cover Middle East]]></title>
         <description><![CDATA[Kelly Holloway joins as senior vice president in New York.]]></description>
         <link>http://www.structuredfinancenews.com/news/186148-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[CIBC Announces Deal that Limits U.S. Residential Real Estate Exposure ]]></title>
         <description><![CDATA[Portfolio investment by Cerberus will allow CIBC to reduce downside risk.]]></description>
         <link>http://www.structuredfinancenews.com/news/186166-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Citi, Wells Spar Over Wachovia]]></title>
         <description><![CDATA[Wells Fargo and Citigroup have started a game of tug of war over Wachovia. ]]></description>
         <link>http://www.structuredfinancenews.com/news/186167-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[House Passes New Version of $700B Rescue Plan ]]></title>
         <description><![CDATA[The House of Representatives approved a $700 billion rescue package of the credit and mortgage markets, paving the way for the bill to be sent to President George Bush. ]]></description>
         <link>http://www.structuredfinancenews.com/news/186218-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[MBIA Sues Countrywide for RMBS Fraud]]></title>
         <description><![CDATA[Fraudulent practices and false representations made by units at Countrywide led MBIA to guarantee MBS that have already cost the insurer $459 million in policy claims and exposed it to several hundred millions more. ]]></description>
         <link>http://www.structuredfinancenews.com/news/186228-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Senate Passes Bailout Bill]]></title>
         <description><![CDATA[The Senate approved a bill 74 to 25 late Wednesday that is designed to stabilize the financial markets. ]]></description>
         <link>http://www.structuredfinancenews.com/news/186118-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Europe Eyes More Options for Bailout Plan]]></title>
         <description><![CDATA[France is working on a €300 billion ($417 billion) bailout fund to rescue European banks caught up in the credit crunch.]]></description>
         <link>http://www.structuredfinancenews.com/news/186119-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Mortgage Rates Hold Steady, Freddie Mac Reports]]></title>
         <description><![CDATA[Mortgage rates remained almost the same this week as reported by Freddie Mac in its weekly survey.  ]]></description>
         <link>http://www.structuredfinancenews.com/news/186126-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Markit Postpones ABX.HE 05-2 Index Launch ]]></title>
         <description><![CDATA[Markit postponed the launch of the Markit ABX.HE 05-2 index.]]></description>
         <link>http://www.structuredfinancenews.com/news/186092-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[FASB Changes its Agenda for Today's Meeting]]></title>
         <description><![CDATA[Citing the current market environment and related questions regarding the implementation of fair value, the FASB has revised its previous agenda for today's board meeting. ]]></description>
         <link>http://www.structuredfinancenews.com/news/186093-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[NewOak Capital Hires Staff to Aid Financial Institutions in National Bailout Efforts]]></title>
         <description><![CDATA[NewOak Capital has appointed key leaders of its integrated advisory/asset management/structured product firm.]]></description>
         <link>http://www.structuredfinancenews.com/news/186095-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Update on TARP]]></title>
         <description><![CDATA[The negotiations regarding a second run at passing the TARP bill are still fluid.]]></description>
         <link>http://www.structuredfinancenews.com/news/186102-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Fannie Mae's Retained Portfolio Records Small Gain in August]]></title>
         <description><![CDATA[Fannie Mae's retained portfolio rose 3% to $759.98 billion.]]></description>
         <link>http://www.structuredfinancenews.com/news/186103-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[SEC, FASB Clarify Fair-Value Rule ]]></title>
         <description><![CDATA[The SEC and the FASB have issued a last-minute clarification that will allow companies to use expected cash flows to value illiquid mortgage assets in preparing their third-quarter financial reports.]]></description>
         <link>http://www.structuredfinancenews.com/news/186104-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[New Capital Rules Make European Securitization Less Appealing]]></title>
         <description><![CDATA[The European Commission has posted its proposal for revisions to the capital requirements directive.]]></description>
         <link>http://www.structuredfinancenews.com/news/186108-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Freddie Mac Announces Management Changes]]></title>
         <description><![CDATA[Following in Fannie Mae's footsteps, Freddie Mac yesterday announced changes in its senior management and organization that are effective immediately.]]></description>
         <link>http://www.structuredfinancenews.com/news/186069-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Citi Gains Market Share With Wachovia Deal ]]></title>
         <description><![CDATA[By purchasing Wachovia Corp., Citigroup will pick up additional market share in both residential lending and servicing.]]></description>
         <link>http://www.structuredfinancenews.com/news/186070-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[FRSFlobal Creates Product to Address Basel II Pillar 2 Demands]]></title>
         <description><![CDATA[FRSGlobal announced the launch of its new product — ReportBuilder — part of the FRSGlobal center for regulatory reporting. ]]></description>
         <link>http://www.structuredfinancenews.com/news/186078-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Societe Generale Launches Web site for U.S. Structured Products]]></title>
         <description><![CDATA[Societe Generale Corporate &amp; Investment Banking,  has launched a newstructured investment products Web site dedicated to U.S. markets.]]></description>
         <link>http://www.structuredfinancenews.com/news/186079-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Genworth Initiates Strategic Review of  its U.S. Mortgage Insurance Biz]]></title>
         <description><![CDATA[Genworth Financial today said it is examining a number of strategic alternatives regarding its U.S. mortgage insurance business.]]></description>
         <link>http://www.structuredfinancenews.com/news/186081-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[WaMu's Buyout by JPMorgan Prevents Early Am Event]]></title>
         <description><![CDATA[By selling Washington Mutual's credit card portfolio to JPMorgan,early amortization on WaMu's credit card securitzations has been  averted.]]></description>
         <link>http://www.structuredfinancenews.com/news/186024-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Part of Bradford &amp; Bingley Nationalized]]></title>
         <description><![CDATA[The U.K. Treasury announced today that it has transferred part of Bradford &amp; Bingley's (B&amp;B) business to Abbey National.]]></description>
         <link>http://www.structuredfinancenews.com/news/186025-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[CDX Index Roll Postponed, Again]]></title>
         <description><![CDATA[The roll dates for the Markit CDX North America Investment Grade, Markit CDX North America Investment Grade High Volatility, Markit CDX North America Crossover, Markit CDX Emerging Markets and Markit CDX Emerging Markets Diversified indices have been postponed again. ]]></description>
         <link>http://www.structuredfinancenews.com/news/186033-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Initial Thoughts on Emergency Economic Stabilization Act]]></title>
         <description><![CDATA[As the market waits on the vote for the Emergency Economic Stabilization Act of 2008, Street analysts express their initial take on it. ]]></description>
         <link>http://www.structuredfinancenews.com/news/186048-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Australian Government will Buy RMBS to Boost Liquidity]]></title>
         <description><![CDATA[Australian RMBS are getting much needed support.]]></description>
         <link>http://www.structuredfinancenews.com/news/185877-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Freddie Mac's Retained Portfolio Contracts 56% in August]]></title>
         <description><![CDATA[Freddie Mac's August monthly volume summary illustrates the escalation of the financial crisis this summer.]]></description>
         <link>http://www.structuredfinancenews.com/news/185878-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Wamu Fails]]></title>
         <description><![CDATA[Regulators sell thrift to JPMorgan at no cost to DIF.]]></description>
         <link>http://www.structuredfinancenews.com/news/185879-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[ABX Remits Show Delinquencies are Still High]]></title>
         <description><![CDATA[The ABX remittance reports for the month of September showed that 60+ delinquencies are still increasing, but at slightly slower rates.]]></description>
         <link>http://www.structuredfinancenews.com/news/185881-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Markit CDX Readies to Roll]]></title>
         <description><![CDATA[Markit announced today that the Markit CDX North America Investment Grade, Markit CDX North America High Volatility and Markit CDX North America Crossover indices will roll...]]></description>
         <link>http://www.structuredfinancenews.com/news/185952-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[JPM's Purchase of WaMu Creates RMBS Powerhouse]]></title>
         <description><![CDATA[The acquisition of Washington Mutual by JPMorgan Chase will likely make JPMorgan into more of a powerhouse in RMBS issuance.]]></description>
         <link>http://www.structuredfinancenews.com/news/186017-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[TD Sets Up Covered Bond Program]]></title>
         <description><![CDATA[Toronto-Dominion Bank is setting up a €10 billion covered bond program that it is currently marketing to European investors.]]></description>
         <link>http://www.structuredfinancenews.com/news/185847-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Basel Committee's Principles for Sound Liquidity Get a Nod]]></title>
         <description><![CDATA[Central banks and supervisory agencies endorse the Basel Committee's Principles for Sound Liquidity Risk Management and Supervision.]]></description>
         <link>http://www.structuredfinancenews.com/news/185849-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[S&amp;P Downgrades WaMu]]></title>
         <description><![CDATA[S&amp;P downgrades Washington Mutual to 'CCC' From 'BB-' and affirms WAMU Bank's 'BBB-'/'A-3'rating.  ]]></description>
         <link>http://www.structuredfinancenews.com/news/185852-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Mortgage Rates Jump in Freddie Mac's Latest Survey]]></title>
         <description><![CDATA[The 30-year fixed mortgage rates wiped out almost half of the last two-week's of declines.  ]]></description>
         <link>http://www.structuredfinancenews.com/news/185854-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Discover Posts Loss in Challenging Credit Environment]]></title>
         <description><![CDATA[Discover Financial Services today reported net income for 3Q08 of $180 million.]]></description>
         <link>http://www.structuredfinancenews.com/news/185860-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Ex-Bear Executive Jeff Mayer Joins UBS]]></title>
         <description><![CDATA[UBS appointed Jeffrey Mayer as joint global head of the fixed income, currencies and commodities business within its investment bank. ]]></description>
         <link>http://www.structuredfinancenews.com/news/185863-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[SEC Seeks Authority Over Credit Derivatives]]></title>
         <description><![CDATA[SEC Chairman Christopher Cox called Tuesday for regulation of certain credit derivative products, saying the market was overrun by fraud that contributed to the housing crisis.]]></description>
         <link>http://www.structuredfinancenews.com/news/185816-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[RBC Appoints Capital Markets Heads ]]></title>
         <description><![CDATA[Doug McGregor was appointed chairman and co-CEO of RBC Capital Markets while Mark Standish has been appointed president and co-CEO of the firm. ]]></description>
         <link>http://www.structuredfinancenews.com/news/185817-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Cohen's Ricciardi Writes Paulson]]></title>
         <description><![CDATA[Cohen &amp; Co. CEO Christopher Ricciardi wrote an open letter to Treasury Secretary Henry Pauslon dated today titled  Enhancing The Paulson Plan Through the Creation of a Federal Bond Insurance Corporation. ]]></description>
         <link>http://www.structuredfinancenews.com/news/185826-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[S&amp;P Expands Credit Ratings Education Program in Europe]]></title>
         <description><![CDATA[S&amp;P has launched a new program of short courses dubbed Elements of Standard &amp; Poor's. ]]></description>
         <link>http://www.structuredfinancenews.com/news/185792-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[First Marblehead Reorganizes its Capital Markets Group,]]></title>
         <description><![CDATA[The capital markets group will now be led by Gary Santo and Stein Skaane. Michael Dean takes over Santo's responsibilities at Fitch. ]]></description>
         <link>http://www.structuredfinancenews.com/news/185793-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[OFHEO Reports July Home Prices Fall]]></title>
         <description><![CDATA[The Office of Federal Housing Enterprise Oversight reported its home price index fell by 0.6% in July. ]]></description>
         <link>http://www.structuredfinancenews.com/news/185801-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Katten Forms Task Force to Advise Clients on TARP]]></title>
         <description><![CDATA[Katten Muchin Rosenman formed a new multidisciplinary task force to advise clients on the U.S. Department of the Treasury's proposed TARP.]]></description>
         <link>http://www.structuredfinancenews.com/news/185805-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Trade Associations Protest "Cram Down" Provision]]></title>
         <description><![CDATA[.A consortium of trade associations sent a letter to Congress today, urging its members to drop the proposal to include a bankruptcy "cram down." ]]></description>
         <link>http://www.structuredfinancenews.com/news/185810-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[KfW Bankers Let Go Over Costly Oversight]]></title>
         <description><![CDATA[KfW executives Detlef Leinberger and Peter Fleischer have been suspended. ]]></description>
         <link>http://www.structuredfinancenews.com/news/185765-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Fannie Announces Organizational Changes ]]></title>
         <description><![CDATA[Fannie Mae today announced that effective immediately it is realigning its organizational structure.]]></description>
         <link>http://www.structuredfinancenews.com/news/185768-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Debt Repayment Plans Can Affect U.K. Credit Card Deal Performance, Moody's Says]]></title>
         <description><![CDATA[Credit card repayment plans can prove problematic in securitization transactions backed by credit card receivables.]]></description>
         <link>http://www.structuredfinancenews.com/news/185771-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[GFI Group Makes More Credit Hires ]]></title>
         <description><![CDATA[GFI Group has added five new hires in emerging markets credit default swaps in New York. ]]></description>
         <link>http://www.structuredfinancenews.com/news/185773-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Initial Thoughts on the Government's Bailout Plan]]></title>
         <description><![CDATA[Some research from Wall Street has already started to come out on Treasury's plan The Troubled Asset Relief Act of 2008.]]></description>
         <link>http://www.structuredfinancenews.com/news/185774-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Lehman Reopens Under Barclays]]></title>
         <description><![CDATA[Barclays just announced that Lehman has started to re-open for business under its ownership.]]></description>
         <link>http://www.structuredfinancenews.com/news/185778-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Canada's Supreme Court Reaches ABCP Decision]]></title>
         <description><![CDATA[Last Friday, Canada's Supreme Court dismissed last-ditch attempt to restructure country's $32 billion ABCP market.]]></description>
         <link>http://www.structuredfinancenews.com/news/186019-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Fitch Downgrades Capstone Servicer Ratings]]></title>
         <description><![CDATA[Capstone ratings another Lehman casualty Fitch Ratings downgraded and placed on rating watch negative the servicer ratings of Capstone Mortgage Services. ]]></description>
         <link>http://www.structuredfinancenews.com/news/185674-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Assured Guaranty Gives Waiver to WL Ross to Purchase More Shares]]></title>
         <description><![CDATA[Assured Guaranty announced that it has given a waiver to WL Ross &amp; Co. to purchase up to $5 million additional common shares in open market transactions. ]]></description>
         <link>http://www.structuredfinancenews.com/news/185675-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Paulson: Freddie and Fannie To Increase MBS Purchases]]></title>
         <description><![CDATA[U.S. Treasury Secretary Henry Paulson announced that both Fannie Mae and Freddie Mac will increase their purchases of MBS to "carry out their mission to support the mortgage market.']]></description>
         <link>http://www.structuredfinancenews.com/news/185688-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Barclays: Clarification Needed on the Use of  Liquidity Facilities In CMBS]]></title>
         <description><![CDATA[It has become apparent that CMBS servicers and trustees need to clarify the issuer's ability to use the liquidity facility in examining swap counterparty failures.]]></description>
         <link>http://www.structuredfinancenews.com/news/185741-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Merger of U.K. Banks to Create One of the Largest Retail Banks in Britain ]]></title>
         <description><![CDATA[Lloyds TSB confirmed today that it has offered to buy HBOS in the wake of the downgrade actions seen yesterday.]]></description>
         <link>http://www.structuredfinancenews.com/news/185613-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Freddie Mac Reports Further Sharp Mortgage Rate Declines ]]></title>
         <description><![CDATA[Freddie Mac reported 30-year fixed mortgage rates averaged 5.78% this week, down 15 basis points from the last survey. ]]></description>
         <link>http://www.structuredfinancenews.com/news/185619-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Barclays Buys Lehman's North American Investment Banking Unit]]></title>
         <description><![CDATA[Barclays has agreed to acquire Lehman Brothers North American investment banking and capital markets operations and supporting infrastructure.]]></description>
         <link>http://www.structuredfinancenews.com/news/185590-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Mortgage Applications Surge ]]></title>
         <description><![CDATA[Mortgage applications jump 33.4% resulting mostly from refinancing activity.]]></description>
         <link>http://www.structuredfinancenews.com/news/185591-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Markit  Itraxx Asia, Japan and Australia Roll Postponed]]></title>
         <description><![CDATA[Markit announced today that following a majority dealer vote its iTraxx Asia, Japan and Australia indices has been postponed]]></description>
         <link>http://www.structuredfinancenews.com/news/185595-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Housing Starts Decline]]></title>
         <description><![CDATA[Housing starts declined a larger-than-expected 6.2% to a seasonally adjusted 895,000. ]]></description>
         <link>http://www.structuredfinancenews.com/news/185603-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[IndyMac Loan-Mods Cut Payments by $400 ]]></title>
         <description><![CDATA[The FDIC is reducing average monthly payments by $400 when it modifies troubled loans from IndyMac's portfolio. ]]></description>
         <link>http://www.structuredfinancenews.com/news/185606-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Appleby Opens New Offices  ]]></title>
         <description><![CDATA[The offshore law firm Appleby said it plans to extend its global network with offices opening in Dubai and in Zurich. ]]></description>
         <link>http://www.structuredfinancenews.com/news/185559-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Fitch Assesses Lehman Counterparty Exposure in Global SF Deals]]></title>
         <description><![CDATA[Fitch is reviewing Lehman Brothers Holdings and subsidiaries' counterparty exposure in global structured finance deals.]]></description>
         <link>http://www.structuredfinancenews.com/news/185561-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[FHFA Announces Chairmen of the Boards of GSEs]]></title>
         <description><![CDATA[John Koskinen will be the non-executive chairman of Freddie Mac while Philip Laskawy will serve as the non-executive chairman of Fannie Mae.]]></description>
         <link>http://www.structuredfinancenews.com/news/185566-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[ASF Releases Statement on FASB's Proposed Securitization Amendments ]]></title>
         <description><![CDATA[George Miller, executive director of ASF made a statement in response to the proposed securitization amendments from the FASB.]]></description>
         <link>http://www.structuredfinancenews.com/news/185570-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Ginnie Quadruples SF Net Worth Requirement ]]></title>
         <description><![CDATA[Ginnie Mae said it will raise the bar for issuers of its mortgage-backed securities. ]]></description>
         <link>http://www.structuredfinancenews.com/news/185574-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Merrill's Subprime Servicing May Help BoA ]]></title>
         <description><![CDATA[The mortgage-related businesses that Bank of America Corp. would get from buying Merrill Lynch might look redundant after its July purchase of Countrywide Financial Corp.]]></description>
         <link>http://www.structuredfinancenews.com/news/185575-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Barclays to Take Over Lehman's Capital Markets Group]]></title>
         <description><![CDATA[Barclays Capital will be buying Lehman Brothers' capital markets and its investment banking divisions, according to sources close to the firm.]]></description>
         <link>http://www.structuredfinancenews.com/news/185577-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Europe Braces for the Lehman Fallout]]></title>
         <description><![CDATA[Lehman Brothers' filing for protection under U.S. Chapter 11 is likely to lead to some rating action on a number of European CMBS transactions.]]></description>
         <link>http://www.structuredfinancenews.com/news/185517-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Bank of America Buys Merrill Lynch]]></title>
         <description><![CDATA[The bull has been bought.]]></description>
         <link>http://www.structuredfinancenews.com/news/185526-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Participants Assess Impact of Lehman's Failure]]></title>
         <description><![CDATA[Specifically, Moody's said that it is 'presently assessing the impact of Lehman's bankruptcy and rating downgrade on all structured finance transactions that have exposure to Lehman entities.']]></description>
         <link>http://www.structuredfinancenews.com/news/185534-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Markit Itraxx Euro Index Roll Postponed]]></title>
         <description><![CDATA[The Markit iTraxx European investment grade and crossover indices will now roll on Sept. 29]]></description>
         <link>http://www.structuredfinancenews.com/news/185537-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Moody's Downgrades Aurora's Servicer Rating]]></title>
         <description><![CDATA[Moody's Investors Service downgraded Aurora Loan Services' Servicer Quality (SQ) ratings.]]></description>
         <link>http://www.structuredfinancenews.com/news/185539-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Houlihan Recruits Real Estate Team from JPMorgan]]></title>
         <description><![CDATA[Houlihan Lokey  has recruited a team of senior investment banking officers formerly with JPMorgan's real estate advisory within the real estate and lodging investment banking group. ]]></description>
         <link>http://www.structuredfinancenews.com/news/185543-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[FASB Releases Three Exposure Drafts]]></title>
         <description><![CDATA[The Financial Accounting Standards Board just released three exposure drafts.]]></description>
         <link>http://www.structuredfinancenews.com/news/185549-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Deutsche Anticipates Further Declines in Home Prices]]></title>
         <description><![CDATA[With more home price information following the end 2Q08, Deutsche Bank Securities updated its outlook for U.S. home prices.]]></description>
         <link>http://www.structuredfinancenews.com/news/185426-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Number of Delinquent Prime Loans Increases, Barclays Says]]></title>
         <description><![CDATA[A small, although rising, number of prime jumbo mortgages are becoming seriously delinquent. ]]></description>
         <link>http://www.structuredfinancenews.com/news/185430-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Lehman's Woes Raise Questions for Aurora]]></title>
         <description><![CDATA[The Lehman Brothers-owned Aurora Loan Services could have a new parent company very soon. ]]></description>
         <link>http://www.structuredfinancenews.com/news/185506-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Head of Fixed-Income Resigns from Stifel Financial]]></title>
         <description><![CDATA[Joseph Sullivan will become chief administrative officer ofLegg Mason. ]]></description>
         <link>http://www.structuredfinancenews.com/news/185508-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Fitch to Introduce Rating Outlooks for U.S. SF]]></title>
         <description><![CDATA[This move is aimed at offering more forward-looking information  to  the  market. ]]></description>
         <link>http://www.structuredfinancenews.com/news/185408-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[30-Year Fixed Mortgage Rates Drop ]]></title>
         <description><![CDATA[Fixed-rate mortgage rates dropped sharply this week following the government's takeover of the GSEs.  ]]></description>
         <link>http://www.structuredfinancenews.com/news/185410-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Jefferies Enhances Emerging Markets Team]]></title>
         <description><![CDATA[Jefferies adds to its emerging markets sales and trading effort as it continues its expansion of its fixed-income platform.]]></description>
         <link>http://www.structuredfinancenews.com/news/185413-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Markit Launches ABX.HE 05-2]]></title>
         <description><![CDATA[The new index will offer institutional investors the increased hedge exposure to an earlier vintage of U.S. RMBS.]]></description>
         <link>http://www.structuredfinancenews.com/news/185382-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[UBS Projects Foreclosure Peak]]></title>
         <description><![CDATA[The impact of the placement of the GSEs into conservatorship  on the overall housing market is expected to be modest.]]></description>
         <link>http://www.structuredfinancenews.com/news/185388-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Commercial/Multifamily Mortgage Delinquency Rates Up Slightly, the MBA Says]]></title>
         <description><![CDATA[Delinquency rates ticked up slightly in 2Q08 for most commercial/multifamily mortgage investor groups.]]></description>
         <link>http://www.structuredfinancenews.com/news/185393-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Moody's Downgrades ResCap]]></title>
         <description><![CDATA[Moody's downgraded the ratings of ResCap's senior secured bonds to 'Ca' from 'Caa2'. ]]></description>
         <link>http://www.structuredfinancenews.com/news/185395-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Effect of GSE Credit Event on CDOs Will Likely Be Muted, Fitch Says]]></title>
         <description><![CDATA[Fitch Ratings said that credit events on Fannie Mae and Freddie Mac are unlikely to trigger large scale CDO downgrades.]]></description>
         <link>http://www.structuredfinancenews.com/news/185396-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Fannie and Freddie Out of Markit CDX]]></title>
         <description><![CDATA[Markit announced today that in response to the U.S. conservatorship of Fannie Mae and Freddie Mac...]]></description>
         <link>http://www.structuredfinancenews.com/news/185365-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Mortgage Insurers Unaffected by GSE Takeover]]></title>
         <description><![CDATA[Standard &amp; Poor's announced today that despite Fannie Mae and Freddie Mac's placement into conservatorship...]]></description>
         <link>http://www.structuredfinancenews.com/news/185367-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Lehman Brothers Stock Drops, Placed On S&amp;P CreditWatch]]></title>
         <description><![CDATA[Shares of Lehman Brothers, a major player in the mortgage-backed securities market,  plummeted nearly 40% Tuesday...]]></description>
         <link>http://www.structuredfinancenews.com/news/185379-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[GSE Conservatorship Will Cause MBS Spreads to Tighten]]></title>
         <description><![CDATA[Agency MBS spreads should tighten considerably over the next few days while agency debt spreads are also expected to tighten sharply.]]></description>
         <link>http://www.structuredfinancenews.com/news/185318-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Prepayments Decline Slightly More Than Expected in August]]></title>
         <description><![CDATA[Prepayments were modestly slower than expected in August.]]></description>
         <link>http://www.structuredfinancenews.com/news/185319-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Fitch Reorganizes Italy-Based Structured Finance Team]]></title>
         <description><![CDATA[Fitch Ratings has reorganized its Milan-based structured finance team. ]]></description>
         <link>http://www.structuredfinancenews.com/news/185323-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[ASF Opposes Changes in Form S-3 Standard]]></title>
         <description><![CDATA[The ASF in a comment letter filed with the SEC expressed its concerns regarding proposals that would introduce an investor qualification and minimum denomination standard in Form S-3. ]]></description>
         <link>http://www.structuredfinancenews.com/news/185326-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Morgan Joseph Adds to its Structured Products Group]]></title>
         <description><![CDATA[Investment banking firm Morgan Joseph added two senior members to its newly added structured products group.]]></description>
         <link>http://www.structuredfinancenews.com/news/185327-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[ISDA Will Publish Protocol for GSEs]]></title>
         <description><![CDATA[The ISDA after consultation with industry participants will launch a protocol to facilitate settlement of credit derivative trades involving the GSEs.]]></description>
         <link>http://www.structuredfinancenews.com/news/185330-1.html?CMP=OTC-RSS</link>
      </item>

      <item>
         <title><![CDATA[Citadel Hires for Securitization]]></title>
         <description><![CDATA[Citadel Investment Group  made four senior hires in the mortgage and securitized products business. ]]></description>
         <link>http://www.structuredfinancenews.com/news/185343-1.html?CMP=OTC-RSS</link>
      </item>
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