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  • The U.K. government’s two-pronged Help To Buy program to boost home ownership—outlined in Chancellor of the Exchequer George Osborne’s annual budget on Wednesday—could have a positive knock-on effect for the residential mortgage-backed securities market there.
  • Two plans to boost home ownership in the U.K.—outlined in Chancellor of the Exchequer George Osborne’s annual budget on Wednesday—could have a positive knock-on effect for the residential mortgage-backed securities market there.
  • The Dutch government is considering creating a centralized Dutch mortgage bank that would issue government-wrapped multi-issuer mortgage bonds, backed by securitizations of government-insured, or NHG, mortgages.
  • European securitized paper is continuing to attract money despite falling trading volumes, according to London-based Chenavari Investment Managers, whose Toro Capital IA securitization fund turned over 10% of its portfolio to score a 3.21% return last month.
  • Paul Scialla, co-head of U.S. interest rate products cash trading at Goldman Sachs and the bank’s one-time head of U.S. mortgage pass-through trading, has left the firm along with his brother, Peter Scialla, head of U.S. volatility trading.
  • Credit Suisse’s pan-European commercial mortgage securitization Titan Europe 2006-3 has seen its three senior tranches downgraded by Moody’s Investors Service, as analysts predict “very large” losses on the remaining underlying pool.
  • Credit Suisse’s pan-European commercial mortgage securitisation Titan Europe 2006-3 has seen its three senior tranches downgraded by Moody’s, as analysts predict “very large” losses on the remaining underlying pool.
  • Piper Jaffray & Co. is said to be picking up two executives from Gleacher & Co.’s mortgage-backed securities and rates division.
  • Market players are buzzing that a $417.3 million American Money Management Corp. collateralized loan obligation is the final CLO contract for arranging bank UBS.