Rating agency updates *

USA - August 27 2010
On August 24, Fitch released its revised criteria for rating Trust Preferred CDOs.

Co-authors: Kara Fay Moskowitz, Amie B. Davis, Mark M. Racic , Howard S. Altarescu, Njoki E. Gatimu .

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Fed neighborhood stabilization summit *

USA - August 27 2010
On August 26, the Fed announced plans to sponsor a national summit on September 1 and 2 to discuss methods and resources for encouraging neighborhood stabilization in the aftermath of the U.S. home mortgage foreclosure crisis.

Co-authors: Kara Fay Moskowitz, Amie B. Davis, Mark M. Racic , Howard S. Altarescu, Njoki E. Gatimu .

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ISDA streamlines credit derivative novation process *

USA - August 27 2010
On August 25, ISDA published 'Additional Provisions for Consent to, Confirmation of, Transfer by Novation of OTC Derivative Transactions'.

Co-authors: Kara Fay Moskowitz, Amie B. Davis, Mark M. Racic , Howard S. Altarescu, Njoki E. Gatimu .

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ISDA publishes HIRE Act Protocol *

USA - August 27 2010
On August 23, ISDA published the 2010 HIRE Act Protocol, which addresses the changes in law effected by the HIRE Act, enacted on March 18.

Co-authors: Kara Fay Moskowitz, Mark M. Racic , Howard S. Altarescu, Njoki E. Gatimu , Roger L. Davis.

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FHFA report on condition of GSEs *

USA - August 27 2010
On August 16, the FHFA released its first Conservator's Report on the Enterprises' Financial Condition, which discusses key aspects of the financial condition of Fannie Mae and Freddie Mac during conservatorship.

Co-authors: Kara Fay Moskowitz, Amie B. Davis, Mark M. Racic , Howard S. Altarescu, Njoki E. Gatimu .

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