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Securitization People and Markets

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  • Credit Suisse has named Roger Lehman managing director and head of commercial mortgage-backed securities research.
  • Aventur Partners has announced the launch of Aventur Mortgage Capital, which will specialize in jumbo loans.
  • Freddie Mac posed a profit a $676 million in the first quarter a year after recording a loss of $6.6 billion.
  • Standard & Poor’s has lowered the ratings on 14 classes from three commercial mortgage-backed securities because of interest shortfalls.
  • There is speculation that PennyMac Mortgage Investment has put plans for a mortgage-backed securities offering on hold.
  • U.S. Bank Liquidity Stronger Than Basel III Suggests The liquidity of U.S. banks is generally stronger than standards by the Basel Committee on Banking Supervision suggests, according to Fitch Ratings.
  • A loophole in the Dodd-Frank Act may exempt collateralized loan obligations from proposed risk retention rules.
  • Repayment of loans in European commercial mortgage-backed securities slowed in April and may continue that trend this year, according to Fitch Ratings.
  • Ireland’s National Asset Management Agency posted losses of €678 million ($1 billion) in the fourth quarter—compared with €35.5 million ($52.47 million) in the preceding three-month period as the bad bank took a €1 billion ($1.48 billion) charge to cover potential losses on the loans it acquired.