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  • Credit enhancement on primary securitizations is set to come down as the economy improves and rating agencies relax their standards.
  • Bondholders in Dignity Finance, the whole business securitisation for UK funeral home operator Dignity, are set to vote tomorrow on amendments to facilitate a £72m tap issue.
  • London-based investment banking group European Risk Capital has hired Robert Baskeyfield as executive director in its real estate group in London.
  • C-III Commercial Mortgage, the lending arm of Centerline Holding Co., is approaching investment banks to contribute loans to a new commercial mortgage-backed securities pool.
  • The German insolvency court has approved Berggruen Holding’s takeover bid for retailer Karstadt, removing the last big obstacle to the restructuring of Fleet Street Finance 2.
  • JPMorgan Chase has hired Chuck Lee back into its commercial real estate securities and capital markets platform to spearhead the bank’s advisory line of business with the Federal Deposit Insurance Corporation, Freddie Mac and Fannie Mae, as well as other non-agency financial institutions.
  • Bank of New York Mellon plans to launch an internet-based asset-backed securities auction platform for U.S. and European sellers and investors.
  • The National Association of Insurance Commissioners has awarded BlackRock Solutions a new contract to model credit risks posed by commercial mortgage-backed securities.
  • A revised valuation of a loan accounting for about 24% of Windermere VIII’s collateral pool has reduced its value by £46 million ($71 million).