Moody’s Investors Service has taken action on eight residential mortgage backed securities from RHG . The ratings actions “reflect the lack of sufficient liquidity in the transactions", Moody’s said. Within the eight RMBS transactions, 14 tranches of securities were down-graded and five had ratings confirmed. George Liondis

HFA Holdings has paid founder and chief executive Spencer Young total remuneration of $1.5 million in 2010-11, up from $280,830 in 2009-10. Staff reporter