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  • Goldman Sachs and Citigroup could stand to take a big loss on their pulled offering, a $1.5 billion commercial mortgage-backed securities deal, GSC 2011-GC4.
  • Edward Gainor, partner in Bingham McCutchen’s structured transactions group and pioneer in structured finance, has died from a heart attack.
  • Alvin Sarabanchong will start Monday at Sandler O’Neill as managing director focused on helping the firm expand its whole loan trading capabilities.
  • Several hedge funds that invest in mortgage-backed securities took a hit in June.
  • Aegon Levensverzekering, a Netherlands-based life insurance firm and asset manager, is gauging interest among U.S. investors for future issuance of residential mortgage-backed securities.
  • Smaller U.K. lenders that had been eyeing residential mortgage-backed issues prior to the recent market volatility are still plotting to hit the market in the fall, according to market officials in London.
  • Citigroup and Goldman Sachs have withdrawn their commercial mortgage-backed securities deal after Standard & Poor’s informed them they would not be able to give a final rating for the GS Mortgage Securities Trust 2011-GC4 at this time.
  • The Securities Industries and Financial Markets Association is calling on lawmakers and regulators to come together on what defines a good mortgage.
  • The new $367.9 million residential mortgage-backed securities deal from the Federal Deposit Insurance Corp. was roughly two times oversubscribed today.