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ABS

CWCI Hires Founder of Gramercy Capital

- CWCapital Investments (CWCI) announced the hire of Hugh Hall as managing director.

Babson Promotes Finke

- Babson Capital Management announced a series of promotions today.

UBS Reorganizes Real Estate and Securitized Products

- Ramesh Singh, head of real estate and securitized (RE&S) products. is departing UBS.

Syncora Holdings Announces Four Board of Director Appointments

- Syncora Holdings announced the appointment of Duncan Hennes, Edward Muhl, Thomas Norsworthy, and Robert White to its board of directors.

ED Announces Extension of Program to Aid Earlier Vintgage SLABs

- The Department of Education announced it will purchase Stafford/PLUS FFELP loans for the 2007-2008 academic year at a purchase price of 97% of principal and unpaid interest.

GMAC Files for BHC, Offers Note Holders a Deal

- GMAC Financial Services has applied with the Federal Reserve to become a bank holding company.

Ambac Commutes CDO Exposure

- Ambac Financial Group said yesterday that it has commuted two CDO of CDO of ABS exposures and two high grade CDO of ABS exposures.

TARP Monitor Defends Authority

- The prosecutor named to monitor the $700 billion bailout program said Wednesday that the Treasury's retreat from the program's original mission would not hurt his authority.

S&P Publishes ABCP Data

- S&P said that it will publish the names of the providers of rating-dependent liquidity and credit support to ABCP conduits.

Oak Hill Advisors Hires Former Deutsche CDO Executive

- Oak Hill Advisors has hired Fritz Thomas as a managing director, where he will help head up the firm’s business development and client coverage activities.

Fitch Releases Presale on Five MIFF Related ABCP Programs

- Fitch Ratings has published a presale report on five money market investor funding facility related (MMIFF) ABCP programs.

Amherst Hires Goodman

- Laurie Goodman has joined the New York offices of Amherst Holdings as a senior managing director in charge of research, risk management and business development, effective Dec.8.

GSEs' 3Q08 Debt Seen at $6.8T, Exceeds U.S.'s By $1T

- The FHFA said Monday that the combined debt of Fannie Mae, Freddie Mac, and the Federal Home Loan banks was $6.8 trillion at the end of September.

TARP Overseers Start to Take Shape

- A structure for overseeing the financial services industry's bailout is coming together.

ESF Notes Retained Deal Trend

- The European securitization market remains frozen despite new issuance volumes for 3Q08 roughly matching the volume of maturing securities.

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