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Securitization People and Markets

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  • Matthew Salem is said to have left as head of commercial mortgage-backed securities trading at Goldman Sachs.
  • Freddie Mac has launched its Servicing Success Program, designed to improve performance of mortgage servicers.
  • The Collingwood Group has retained Manoj Singh as a special adviser.
  • Two Harbors Investment says its Two Harbors Asset I subsidiary has extended its master repurchase and securities contract with Wells Fargo Bank, with an increased borrowing capacity of $150 million.
  • The U.S. Securities and Exchange Commission today outlined plans to make it easier for asset-backed securities investors to communicate with one another, which will force the issuer to facilitate the process.
  • UBS said it is looking to reduce costs by CHY1.5 billion ($1.86 billion) to CHY2 billion ($2.48 billion) over the next to three years and to rethink its fixed-income business after reporting disappointing second-quarter earnings for the division.
  • Kevin Alexander has been tapped to run the global structured credit and conduit business at Natixis CIB Americas
  • Danish banks may be able to use more of their mortgage-backed covered-debt holdings toward their liquidity requirements after the Basel Committee on Banking Supervision agreed to reconsider its liquidity rules.
  • Michel Barnier, the European Union’s commissioner for internal market and services, says the U.K. will still be able to ring-fence retail banks and impose additional capital requirements, even as the E.U. works to harmonize capital regulations among Member States.