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New contracts cannot yet be traded in US
The Americas derivatives community came together in New York to recognise and celebrate outstanding achievements across the industry
The derivatives market gathered in London on Thursday night to celebrate its leading players
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  • The number of loan modifications fell 28% to roughly 385,500 in the first half of 2012 from the same period a year ago, according to Hope Now.
  • Lehman Brothers is said to have retained BlackRock to replace WCAS Fraser Sullivan Investment Management to manage an estimated $3 billion of loan assets.
  • The RMBS Working Group is said to be close to taking “significant action” in the coming weeks or months related to joint state and federal investigations into banks’ packaging and marketing of mortgage-backed securities.
  • Rapid growth in the volume of loans insured by the U.S. Federal Housing Administration since 2008 and the high delinquency rate of those loans pose a threat to the agency as it seeks to shore up its loss reserves, according to Fitch Ratings.
  • Barclays is planning to introduce late next month six autocall products linked to the FTSE.
  • Two-thirds of U.S. senior fixed-income investors predict gross domestic product growth of 1% to 2% over the next 12 months, considerably more negative than in a previous survey, according to Fitch Ratings.