19 June 2013
Structured Finance
Moody's believes the proportion of restructured loans backing more recent Spanish SME securitisation...
19 June 2013
CMBS
CMBX trading activity declined significantly last week, given the market's focus on the CRE Finance...
19 June 2013
ABS
Risk factors such as weakening loan credit, stiff competition among originators and readily availabl...
19 June 2013
RMBS
Financial firms are increasingly sourcing externally for post-trade processing functions for MBS to...
19 June 2013
ABS
Moody's expects its private student loan default rate index to continue falling year-over-year in 20...
19 June 2013
Structured Finance
New EU credit rating agency rules enter into force tomorrow (20 June). The aim is to increase rating...
19 June 2013
CDOs
The number of combined defaults and deferrals for US bank Trups CDOs remained stable at 28.2% at end...
19 June 2013
CMBS
KeyCorp Real Estate Capital Markets (KRECM) has entered into a series of agreements to purchase subs...
18 June 2013
CLOs
New European CLOs afford greater protection to senior noteholders than those issued prior to the fin...
18 June 2013
Structured Finance
S&P says that new issuances of covered bonds warrant just as much scrutiny as securitisation...
18 June 2013
Risk Management
4sight Financial Software has added new features to its collateral optimisation system. The collater...
18 June 2013
ABS
The UK Automobile Association (AA) is prepping a whole business securitisation dubbed AA Bond Co. Pr...
18 June 2013
CMBS
Nearly 90% of Fitch-rated pre-2009 US CMBS by balance currently have outstanding interest shortfalls...
18 June 2013
CMBS
The liquidation of a loan in CSFB 2005-C2 has resulted in the first instance of principal losses bei...
17 June 2013
RMBS
A recent Spanish Supreme Court ruling could cause lenders to stop applying floor clauses that set mi...
17 June 2013
CMBS
The Harbour Centre office building backing a US$51m loan securitised in MSC 2006-IQ12 has been trans...
17 June 2013
RMBS
Fitch has taken rating actions on three Russian RMBS deals: Red & Black Prime Russia MBS No....
17 June 2013
Risk Management
S&P Capital IQ has launched a portfolio risk solution to help traders, portfolio and risk ma...
17 June 2013
Structured Finance
ESMA has published guidelines and recommendations on the scope of credit rating agency regulation. T...
17 June 2013
CDOs
US CRE CDO delinquencies fell from 13.2% to 12.7% last month, according to the latest index results...
14 June 2013
RMBS
Fitch has updated its assumptions for analysing securities backed by Dutch residential mortgage loan...
14 June 2013
ABS
A recent tax amendment relating to income distributed by securitisation trusts to Indian pass-throug...
13 June 2013
Structured Finance
Fitch says that strong political support for depositors makes the risk of losses to structured finan...
13 June 2013
Structured Finance
CR Investment Management has been awarded a mandate to manage 125 residential properties by the Dutc...
13 June 2013
Risk Management
Quantifi has released version 11.0 of its pricing and risk analysis software, which includes over 10...
13 June 2013
RMBS
High LTV ratios and County Court Judgments (CCJs) are the primary default drivers for UK non-conform...
13 June 2013
Structured Finance
Only 1.43% by original balance of European structured finance notes had defaulted by end-1Q13, accor...
13 June 2013
CMBS
The percentage of US CMBS loans paying off on their balloon date registered 59.5% in May, according...
13 June 2013
CMBS
The recovery in midtown Manhattan office prices has been much stronger post-financial crisis than in...
13 June 2013
ABS
Sallie Mae has closed a US$6.8bn credit facility to facilitate term securitisation of its federally...
12 June 2013
Structured Finance
Recent changes to Spanish mortgage legislation could increase loan repossession periods and potentia...
12 June 2013
CMBS
The recent sale of the Wells Fargo Center has resulted in an estimated US$267m pay-down for the Beac...
12 June 2013
Structured Finance
Only a few tickets remain for SCI's 6th Annual Securitisation Pricing, Investment & Risk Sem...
12 June 2013
RMBS
The improving US housing market and stable macro environment are supporting legacy US RMBS performan...
12 June 2013
Risk Management
The US OCC has granted seven banks extra time to comply with the swaps push-out rule under Dodd-Fran...
11 June 2013
CDOs
An auction is to be conducted for RFC CDO I on 28 June. An auction was previously conducted for the...
11 June 2013
CMBS
US CMBS issuance has climbed to US$39bn so far this year, compared with about US$15bn during the sam...
11 June 2013
CMBS
Trepp and The Rockport Group have released TreppPort 2.0, an enterprise level commercial real estate...
11 June 2013
Risk Management
S&P Capital IQ has launched a new tool designed to improve users' ability to identify system...
11 June 2013
RMBS
The start of property sales by Spain's bad bank - SAREB - underscores Fitch's ne...
11 June 2013
Risk Management
Barclays reports that it cleared the industry's first single-name credit default swap client transac...
11 June 2013
Risk Management
FCMs Bank of America Merrill Lynch, Barclays, JPMorgan and UBS have confirmed their support for the...
11 June 2013
CMBS
US CMBS late-pays declined by 7bp in May to 7.37% from 7.44% a month earlier, according to Fitch's l...
11 June 2013
Risk Management
ISDA and the Futures and Options Association (FOA) have launched the ISDA/FOA Client Cleared OTC Der...
11 June 2013
RMBS
Fitch has reviewed 92 RMBS transactions previously serviced by Homeward Residential and acquired by...
11 June 2013
Insurance-linked securities
Tokio Solution Management and GC Securities have launched a private catastrophe bond platform called...
11 June 2013
CLOs
Markit has added new loan performance data and analytics to its set of services that streamline the...
10 June 2013
ABS
A revised restructuring proposal from pub operator Punch appears to address some of the main concern...
10 June 2013
CLOs
The European Wholesale Securities Market (EWSM) has announced its inaugural listing. Grand Harbour I...
10 June 2013
Risk Management
ISDA has published the 2013 Standard Credit Support Annex (SCSA), which seeks to standardise market...
10 June 2013
CLOs
GoldenTree Asset Management has priced a European CLO that is said to not comply with risk retention...
10 June 2013
Structured Finance
The final panellists have been announced for SCI's 6th Annual Securitisation Pricing, Investment &am...
7 June 2013
CDOs
The second auction of the year is being held for Independence IV CDO on 27 June, after proceeds from...
7 June 2013
Risk Management
Two vendors have announced their expansion into pre-trade credit checking for OTC derivatives.
Mar...
7 June 2013
CDS
The final price for Urbi Desarrollos Urbanos Bursatil de Cap Variable CDS was determined to be 19 du...
6 June 2013
Structured Finance
ESMA and the EBA have published their final report setting out their 'Principles for Benchmark-Setti...
6 June 2013
Risk Management
Markit has licensed Quartet FS' ActivePivot offering - an aggregation engine that provides...
6 June 2013
Structured Finance
The US SEC is proposing to reform the way that money market funds operate in order to make them less...
6 June 2013
Risk Management
TriOptima is set to support data verification and portfolio reconciliation of DTCC's trade repositor...
6 June 2013
Structured Finance
Following such issuances in Turkey and Germany, SME-backed covered bonds (SME CBs) are gaining tract...
6 June 2013
CMBS
Goldman Sachs and Bank of America Merrill Lynch are in the market with German Residential Funding 20...
6 June 2013
CDS
Thirteen dealers submitted initial markets, physical settlement requests and limit orders to the Ban...
5 June 2013
CMBS
Further details of the Kennedy Wilson/ Värde Partners Europe restructuring proposal for the...
5 June 2013
CMBS
The weighted average loss severity for all loans backing US CMBS that liquidated at a loss was 40.7%...
5 June 2013
CMBS
CREFC Europe has released 'Guidelines for interest rate hedging in European CRE finance transactions...
5 June 2013
Risk Management
Sapient Global Markets has published an in-depth study on how new central clearing mandates will imp...
5 June 2013
CMBS
Major changes in the US commercial mortgage special servicing business have occurred over the past f...
4 June 2013
RMBS
The Consumer Financial Protection Bureau (CFPB) has amended its ability-to-repay rule for small cred...
4 June 2013
RMBS
BNY Mellon has enhanced its DM Edge product by expanding its bilateral margining capabilities to inc...
4 June 2013
ABS
Moody's has downgraded 74 classes, upgraded nine classes and confirmed 14 classes of notes in 15 Nat...
4 June 2013
Structured Finance
Babson Capital Europe has launched the Babson Capital Global High Yield Credit Opportunity Fund. The...
4 June 2013
CDOs
Newcastle Investment Corp has divested 100% of the assets in Newcastle CDO IV. The firm sold US$153m...
4 June 2013
Structured Finance
S&P expects new ways of financing infrastructure projects throughout EMEA, developed in the...
4 June 2013
CMBS
The Trepp CMBS delinquency rate inched up by 4bp in May, one month after posting its lowest reading...
3 June 2013
CMBS
HSBC and Lloyds are in the market with a fixed-rate UK CMBS backed by student accommodation. The &am...
3 June 2013
RMBS
Moody's has updated its approach to rating Mexican RMBS. The adoption of the new methodology won't r...
3 June 2013
CMBS
Loan documents for a number of recent CMBS contain revisions to recourse liability provisions that a...
3 June 2013
RMBS
More than US$1bn of losses have been retroactively recognised on 170 US RMBS. The result of mortgage...
3 June 2013
CLOs
Further details have emerged on CELF Advisors' forthcoming €300m European CLO -...
3 June 2013
RMBS
The American Securitization Forum has submitted a comment letter in response to the Uniform Law Comm...
3 June 2013
CDS
ESMA has published technical advice evaluating the impact of the regulation on short selling and cer...
3 June 2013
CMBS
US CMBS liquidation volume fell back below US$1bn in May, according to Trepp, although loss severity...
31 May 2013
CDOs
A sixth auction is due to be conducted for Libertas Preferred I on 20 June. The securities will only...
31 May 2013
RMBS
The principal balance of mortgages assigned at closing for the Bluestone 2005, Bluestone 2006 and Bl...
31 May 2013
RMBS
The Making Home Affordable Program has been extended from 31 December 2013 to 31 December 2015. The...
31 May 2013
CMBS
The specially serviced US CMBS loan universe fell to US$64.2bn as of 31 March, according to Fitch. U...
31 May 2013
Risk Management
ISDA has published the Recommendation for Financial products Markup Language (FpML) version 5.5. One...
31 May 2013
ABS
Moody's has placed under review for possible downgrade 60 classes of notes from 24 private student l...
31 May 2013
CDS
Two auctions to settle credit derivative trades are to be held next week. The first is in connection...
30 May 2013
RMBS
UCI has launched a fixed price tender offer for 11 Spanish RMBS tranches from across the UCI 10 to U...
29 May 2013
CMBS
UK banks - which remain in a process of rehabilitation - continue to provide new...
29 May 2013
RMBS
The remedy of choice for underperforming residential mortgage loans has undergone a sea-change of so...
29 May 2013
CLOs
Fitch has launched CLO Indenture Abstracts, which will be published for every Fitch-rated US CLO 2.0...
29 May 2013
Structured Finance
DealVector has launched a secure electronic communication network that allows fixed income and illiq...
29 May 2013
RMBS
Moody's has updated its methodology for rating RMBS using the MILAN framework, including the introdu...
29 May 2013
RMBS
Fitch believes the recent US home price gains recorded in several residential markets are outpacing...
29 May 2013
RMBS
Moody's expects self-employed borrowers' exposure to current UK economic weakness not to have a sign...
29 May 2013
RMBS
Statistics Netherlands (CBS) has reported a house price decline in April of 1.4% month-on-month and...
29 May 2013
RMBS
The news that a delinquent borrower in a repossessed property belonging to a Spanish RMBS (Mixto III...
28 May 2013
Structured Finance
The European ABS sector showed a muted response to the volatility seen in equity markets last week....
28 May 2013
ABS
UK airport regulator the Civil Aviation Authority (CAA) last month launched a consultation on initia...
28 May 2013
Structured Finance
Fitch reports that Asia Pacific (APAC) structured finance (SF) tranches remained largely stable in 2...
28 May 2013
Structured Finance
The development of a genuine market for long-term investments - whether for infrastructure...
28 May 2013
Risk Management
The Alternative Investment Management Association has produced a paper that highlights the key areas...
28 May 2013
RMBS
Fitch is set to introduce property price indexing into its analysis of Australian RMBS in the near f...
28 May 2013
CDOs
Cowen and Company has been retained as liquidation agent for Ambassador Structured Finance CDO. The...
28 May 2013
Insurance-linked securities
Losses resulting from the severe tornado that struck Moore, Oklahoma on 20 May are credit negative f...
28 May 2013
Risk Management
A recent Committee on the Global Financial System report says that concerns about an absolute shorta...
28 May 2013
Structured Finance
Amendments to the German covered bond law passed by the German Parliament earlier this month will li...
24 May 2013
CMBS
Changes in the availability, pricing and underwriting stringency of CMBS financing could affect REIT...
24 May 2013
CMBS
With interest rates averaging 3%-4% on regional mall securitisations, retail REITs have been very ac...
24 May 2013
RMBS
Two recent New York State Supreme Court decisions regarding claims arising from US RMBS representati...
24 May 2013
RMBS
Further details have emerged regarding the US$8.7bn non-agency RMBS BWIC scheduled to trade on 28 Ma...
24 May 2013
RMBS
Freddie Mac has begun securitising certain performing modified mortgage loans held in its mortgage-r...
23 May 2013
ABS
Annualised net losses (ANL) for both US prime and subprime auto ABS dropped in April for the third c...
23 May 2013
CMBS
In assessing the value of a CMBS property, using sustainable income is a better approach than relyin...
23 May 2013
Structured Finance
The European Banking Authority has launched a consultation paper on draft regulatory technical stand...
22 May 2013
CDS
ISDA's Americas Credit Derivatives Determinations Committee has resolved that a failure to pay credi...
22 May 2013
CMBS
New challenges are emerging for special servicers working out European CMBS loans with borrowers und...
22 May 2013
ABS
Three Ohio subsidiaries of FirstEnergy Corp - The Cleveland Electric Illuminating Company,...
22 May 2013
Structured Finance
Moody's has upgraded the insurance financial strength (IFS) ratings of MBIA Insurance Corporation (t...
22 May 2013
CDS
New research from GreySpark Partners examines the state of electronic trading in fixed income market...
22 May 2013
Structured Finance
The EBA has issued a discussion paper presenting the methodology and scope of its forthcoming analys...
21 May 2013
ABS
TAL International has re-priced its TAL Advantage IV Series 2010-1 transaction via an amendment to t...
21 May 2013
CDOs
US CRE CDO late-pays remained flat in the month of April, at 13.2%, according to Fitch's latest inde...
21 May 2013
ABS
Total US timeshare ABS delinquencies for 1Q13 stand at 3.27%, down from 3.55% in 4Q12 and 3.58% in 1...
21 May 2013
RMBS
Specialised depositary and management company roles are critical for Russian RMBS transactions, Mood...
21 May 2013
CLOs
Managers' increasing desire to include sterling assets - funded with either euro or sterli...
21 May 2013
CDOs
Combined defaults and deferrals for US bank Trups CDOs have remained stable, standing at 28.2% at th...
21 May 2013
CDS
Concern that ISDA's plan to update the CDS definitions (SCI 19 December 2012) could impact the liqui...
20 May 2013
Structured Finance
The OCC has clarified a provision of the market risk capital rule. Specifically, it has addressed th...
20 May 2013
Risk Management
Misys has released Sophis VALUE v5, which is designed to offer increased transparency for traditiona...
20 May 2013
RMBS
Ally Financial has entered into a comprehensive plan support agreement with the Residential Capital...
20 May 2013
RMBS
Fitch has downgraded 97, affirmed 194 and upgraded three tranches from 80 Spanish RMBS. The agency h...
20 May 2013
ABS
Fitch has updated its criteria for US FFELP student loan ABS. The agency has placed 192 tranches on...
17 May 2013
Risk Management
The EBA has agreed on recommendations to supervisors to conduct asset quality reviews on major EU ba...
17 May 2013
CLOs
HIG WhiteHorse Capital has closed WhiteHorse VII, a term facility - structured like a CLO...
17 May 2013
Risk Management
The US CFTC has released a final rulemaking on core principles and other requirements for SEFs. The...
17 May 2013
RMBS
Moody's has placed on review for downgrade the ratings of 28 tranches in eight UK RMBS sponsored by...
17 May 2013
Structured Finance
Fitch has upgraded 24, affirmed five and downgraded one tranche from 12 Greek structured finance tra...
16 May 2013
ABS
S&P has published a report detailing a number of significant developments related to tobacco...
16 May 2013
CLOs
Thetica Systems has rolled out an enhanced CLO analytics module as part of its ABS Trader Tools stru...
16 May 2013
CMBS
Signs of renewed investor interest in secondary German commercial real estate (CRE) markets suggest...
16 May 2013
Structured Finance
Moody's says that the Prime-1 rating of the ABCP issued by Royal Park Investments (RPI) is unaffecte...
16 May 2013
Structured Finance
Fitch has finalised its new model framework for estimating losses on prime Canadian residential mort...
16 May 2013
CMBS
US major market apartment and central business district (CBD) office prices continued to set record...
15 May 2013
CLOs
S&P's updated study of collateral pools backing European cashflow CLOs finds that the peak i...
15 May 2013
RMBS
Moody's has placed the ratings of 228 tranches from 94 US RMBS issued by several issuers on review w...
15 May 2013
ABS
While payroll deductible loans (PDLs) exhibit lower default rates than traditional consumer loans, a...
15 May 2013
CMBS
The performance of all commercial real estate sectors will continue to improve throughout 2013, but...
15 May 2013
Risk Management
The first futures commission merchant (FCM) has completed production testing for Traiana's central r...
14 May 2013
Structured Finance
Fitch has updated its criteria for the analysis of counterparty risks in structured finance transact...
14 May 2013
RMBS
A borrower in California has successfully obtained an injunction against a foreclosure sale on his p...
14 May 2013
CMBS
Fitch reports that refinancing activity has been strong in German multifamily (MFH) CMBS transaction...
14 May 2013
RMBS
Objector discovery has commenced in preparation for the 30 May hearing in the New York State Court o...
14 May 2013
CMBS
US CMBS late-pays declined by 19bp in April to 7.44% from 7.63% a month earlier, according Fitch's l...
14 May 2013
Risk Management
ISDA has launched the ISDA 2013 Reporting Protocol, which contains a counterparty's consent to the d...
14 May 2013
CMBS
Fitch has released an unsolicited comment on CGCMT 2013-375P, a CMBS backed by a single loan on the...
14 May 2013
RMBS
Freddie Mac is said to have put out a US$1bn bid-list, as it embarks on a sale of up to US$5bn in le...
14 May 2013
RMBS
The continued growth of the UK buy-to-let (BTL) market could lead to weaker future performance of th...
13 May 2013
Structured Finance
Legislation for Africa's first covered bond market - in Morocco - is only at a p...
13 May 2013
CDOs
Barclays Capital has waived the minimum tender condition of its tender offer to purchase for cash al...
13 May 2013
Structured Finance
European electronic fixed income marketplace MTS plans to launch a platform for US institutional inv...
13 May 2013
Structured Finance
S&P has raised its financial strength rating on National Public Finance Guarantee Corp to si...
10 May 2013
Risk Management
Achieving collateral efficiency and operational efficiency in a mixed clearing and collateralisation...
10 May 2013
RMBS
An analysis of Morningstar's Distressed Inventory Index suggests that over a one-year time period ov...
10 May 2013
ABS
The Higher Education Loan Authority of the State of Missouri (MOHELA) is proposing to sell approxima...
10 May 2013
CLOs
Moody's is rolling out limited updates to the determination of default and recovery rate assumptions...
10 May 2013
RMBS
Fitch warns that Mexican President Pena Nieto's affordable housing policies may have negative conseq...
9 May 2013
Structured Finance
In line with a commitment to open communication in its change control process, S&P is introd...
9 May 2013
CDS
The BIS has released OTC derivatives statistics at end-December 2012. The data shows that notional a...
9 May 2013
Structured Finance
S&P has raised its financial strength rating on MBIA Insurance Corp to single-B from triple-...
9 May 2013
Insurance-linked securities
US$520m of catastrophe bond issuance was offset by US$352.5m of maturities in 1Q13, resulting in an...
9 May 2013
CMBS
Moody's expects the repayment rate for European CMBS loans maturing in 2Q13 to remain at the histori...
9 May 2013
RMBS
The US SEC has declared effective a shelf registration statement filed by Shellpoint Partners last O...
9 May 2013
RMBS
S&P says that the ratings on some Australian and New Zealand prime RMBS could be affected by...
8 May 2013
RMBS
BLC Bank and BSEC - Bemo Securitisation have closed a US$185m securitisation for Lebanese real estat...
8 May 2013
CMBS
The court-appointed receiver for the estate of an alleged Ponzi scheme involving Management Solution...
8 May 2013
RMBS
The ZUNI 2006-OA1 transaction last month received a payment of about US$50m emanating from loan buy-...
8 May 2013
Risk Management
The US House Financial Services Committee has passed a number of derivatives-related bills aimed at...
7 May 2013
RMBS
Spain's unemployment rate is anticipated to average 27.5% this year and next, peaking at 28.5% in 1Q...
7 May 2013
CMBS
Further details have emerged on Taurus 2013 (GMF1), the European multifamily CMBS that will refinanc...
7 May 2013
Insurance-linked securities
PERILS has extended its market coverage to include Italy, providing data for both earthquake and flo...
7 May 2013
Structured Finance
The market for European SME securitisations remains shut, despite significant spread contraction, Fi...
7 May 2013
RMBS
Fannie Mae is to make loan-level credit performance data available on over 18 million single-family...
7 May 2013
Structured Finance
Money market (MM) tranches that are part of global structured finance transactions performed well th...
7 May 2013
CMBS
There is a meaningful relationship between US CMBS servicer ratings and the aging of real estate own...
7 May 2013
CMBS
The percentage of US CMBS loans paying off on their balloon date stood at 64.6% for April, according...
3 May 2013
Structured Finance
Credit hedge fund manager Varden Pacific has mandated alternative assets placement agent MCAM Group...
3 May 2013
Structured Finance
Ireland's NAMA and Starwood Capital Group have established a joint venture relating to the sale of N...
3 May 2013
ABS
Positive macro news and improving consumer health pushed US credit card ABS performance to levels no...
3 May 2013
CMBS
Of the US$14.4bn in Fitch-rated performing conduit CMBS loans set to mature this year, US$3.2bn (22....
3 May 2013
RMBS
Morningstar Credit Ratings has reviewed monthly occurrences of interest shortfalls for 1Q13. The dat...
3 May 2013
CLOs
Markit has launched a new pricing service for CLO tranches. The service covers more than 5,000 inves...
2 May 2013
RMBS
President Obama has nominated Representative Mel Watt to replace Edward DeMarco as director of the F...
2 May 2013
CMBS
The CRE Finance Council has released for comment version 7.0 of its investor reporting package (IRP)...
2 May 2013
CMBS
At 9.03%, the Trepp CMBS delinquency rate last month posted its lowest reading in more than two year...
2 May 2013
Risk Management
The US SEC has issued proposed rules and interpretive guidance for parties to cross-border security-...
1 May 2013
Risk Management
A number of major private equity firms have formed a new global industry alliance called the AltExch...
1 May 2013
RMBS
Moody's notes in its latest ResiLandscape publication significant variations among US mortgage loan...
1 May 2013
CDOs
An auction for Libertas Preferred Funding I is set to take place on 21 May. An auction has been held...
1 May 2013
Structured Finance
The appointment of a back-up servicer (BUS) in several Italian structured finance transactions has s...
1 May 2013
CDS
Using a combination of long-term growth (LTG) consensus estimates paired with CDS spread signals has...
1 May 2013
ABS
US FFELP student loan ABS deals with larger concentrations of rehabilitation loans warrant additiona...
1 May 2013
CMBS
After two months of relatively low liquidation volumes, April saw a spike in CMBS servicer activity,...
1 May 2013
ABS
Solid asset performance and higher auto sales will likely increase demand for wholesale dealer lendi...
1 May 2013
CDS
ISDA's EMEA Determinations Committee has agreed that a restructuring credit event occurred in connec...
1 May 2013
CMBS
Average US CMBS loss severities rose slightly to 50.5% last year, from 49.3% in 2011, according to F...
1 May 2013
RMBS
The FHFA has released a progress report on the establishment a common securitisation infrastructure...
30 April 2013
RMBS
Nationstar has cancelled the sale of bulk notes in RALI RMBS trusts conducted via Auction.com and do...
30 April 2013
CMBS
Around 20 CMBS loans, totalling US$161m in outstanding balance, are due to be put up for bid on Auct...
30 April 2013
ABS
US auto ABS posted stellar seasonal results last month, according to Fitch. Both losses and delinque...
30 April 2013
CMBS
At least six European CMBS transactions are expected to emerge over the next four to five months, al...
29 April 2013
RMBS
Moody's notes in its latest ResiLandscape publication that some Countrywide RMBS transactions have p...
29 April 2013
CMBS
Trepp has published a report examining how well appraisal reductions forecast actual CMBS loan losse...
29 April 2013
Structured Finance
The Belgian government has sold the Royal Park Investments (RPI) SPV to Lone Star and Credit Suisse...
29 April 2013
RMBS
Moody's has issued a request for comment regarding its proposed monitoring approach to assessing tai...
29 April 2013
CMBS
The cumulative default rate for fixed-rate US CMBS increased to 13.6% in 1Q13, an 18bp rise from yea...
29 April 2013
RMBS
Moody's has undertaken a performance review of the Dutch RMBS market and updated its portfolio loss...
26 April 2013
ABS
Moody's observes in its latest ABS Spotlight publication that four major credit risks arise in the s...
26 April 2013
CLOs
Fitch expects European leveraged loan CLOs to maintain rating stability throughout the rest of 2013....
26 April 2013
RMBS
S&P believes that the extension of the Funding for Lending Scheme (FLS) will be at best neut...
25 April 2013
ABS
US private student loans originated after 2008 are currently defaulting at a lower rate than FFELP s...
25 April 2013
ABS
The impact of a rare instance of credit card ABS early amortisation in Canada is credit neutral for...
25 April 2013
ABS
The Japanese Consumer's Class Action bill - which was last week sent to the ordinary sessi...
25 April 2013
CDOs
An auction has been scheduled for the Trainer Wortham First Republic CBO III on 15 May. This is the...
25 April 2013
Risk Management
Sapient Global Markets' Compliance Management and Reporting System (CMRS) now has the ability to fac...
25 April 2013
ABS
Deutsche Bank has implemented a complete overhaul of the programme documents for its Rhein-main Secu...
25 April 2013
RMBS
The Reserve Bank of Australia (RBA) last week published the final reporting templates for issuers of...
25 April 2013
CDS
The final results of the Dex Media West and SuperMedia LCDS auctions are 79 and 74.625 respectively....
25 April 2013
CMBS
Loans in US conduit CMBS transactions rated by Moody's in 1Q13 had an average Moody's loan-to-value...
25 April 2013
ABS
Fitch believes that it is possible for an obscure aspect of the Budget Control Act of 2011 to affect...
25 April 2013
CDOs
Combined defaults and deferrals for US bank Trups CDOs has further decreased to 28.2% at the end of...
25 April 2013
Risk Management
ISDA has released its 2013 operations benchmarking, which identifies and tracks operations processin...
24 April 2013
Structured Finance
The Bank of England and the UK Treasury have extended the Funding for Lending Scheme (FLS) by one ye...
24 April 2013
RMBS
Moody's says it doesn't expect the end of the AOFM's investments in RMBS (SCI 10 April) to have any...
24 April 2013
Structured Finance
The US SEC has announced the agenda for its credit ratings roundtable, which will be held on 14 May....
24 April 2013
Risk Management
ISDA has published a form of confirmation for a market agreed coupon (MAC) contract as an additional...
24 April 2013
RMBS
As part of its ongoing white paper series, the ASF has released a report entitled 'ASF Policy Propos...
23 April 2013
CLOs
The triple-A, single-A and triple-B rated tranches of the 2011-vintage OHA Intrepid Leveraged Loan F...
23 April 2013
ABS
Strong collateral performance over the financial crisis and recent economic downturn continue to und...
23 April 2013
RMBS
Stable performance and improving origination and servicing standards underpin Moody's current stable...
23 April 2013
Insurance-linked securities
The emergence of third-party capital vehicles designed to provide investors with direct access to in...
23 April 2013
ABS
US credit card ABS charge-offs and delinquencies fell once again last quarter. However, the pace of...
23 April 2013
RMBS
Moody's is requesting comment from market participants on proposed adjustments to its monitoring app...
23 April 2013
CMBS
US large loan CMBS issuance has been robust, with over US$11bn expected to come to market in the fir...
23 April 2013
Risk Management
The OTC derivatives markets are poised for further growth in Asia, according to a report published b...
23 April 2013
Structured Finance
Fitch has downgraded 32 tranches and affirmed three tranches of 11 structured finance transactions t...
23 April 2013
Risk Management
Markit has added a range of risk and scenario analysis tools to its portfolio valuations service. Th...
23 April 2013
CLOs
The ability to source loans and retain risk will be key for CLO managers launching new European CLOs...
23 April 2013
CMBS
Morningstar has added the US$23.1m Walnut Hill Plaza loan, securitised in MLCFC 2006-3, to its watch...
22 April 2013
ABS
The UK government has unveiled its proposals to regulate the tied tenanted pubco sector with a new s...
22 April 2013
RMBS
Ginnie Mae is seeking feedback from MBS market participants in connection with potentially consolida...
22 April 2013
Insurance-linked securities
The opening quarter of 2013 showed growth of over 2% on the ILS index, according to a new Clear Path...
22 April 2013
CDOs
US CRE CDO late-pays increased minimally last month to 13.2% from 13.1% in February, according to Fi...
22 April 2013
Structured Finance
The Cleveland Financial Stress Index (CFSI) - a tool that allows policymakers and financia...
22 April 2013
CLOs
Moody's has finalised its review of all outstanding European CLO transactions for potential ratings...
22 April 2013
Risk Management
S&P Capital IQ has launched a new suite of credit solutions designed to help assess both rat...
22 April 2013
CDS
Auctions to settle the credit derivative trades for SuperMedia Inc and Dex Media West Inc LCDS are d...
19 April 2013
CMBS
New issue Aa2 rated US CMBS bonds have tightened by 105bp over the past year and have continued tigh...
19 April 2013
Insurance-linked securities
Aon Benfield All Bond index investment returns for the annual period ending 31 March reached 12.69%....
19 April 2013
Structured Finance
Europe is emerging as a non-performing loan market in its own right, with an estimated €1t...
19 April 2013
Structured Finance
Stenham has launched a fund of hedge funds that invests in six to 10 high-conviction credit managers...
19 April 2013
CMBS
The ongoing decline in US home ownership rates is benefitting CMBS backed by multifamily properties,...
19 April 2013
CLOs
US CLO new issuance increased nearly five-fold in Q1 compared to the same period in 2012, though iss...
18 April 2013
CLOs
It has been a relatively slow start to the second quarter for the primary US CLO market on the back...
18 April 2013
CMBS
A recent spate of loan liquidations has wiped out nearly nine classes of the LBUBS 2006-C7 CMBS. The...
18 April 2013
RMBS
Fitch reports that NHG-backed RMBS are well protected if a downgrade of the Dutch sovereign and Waar...
18 April 2013
RMBS
Fitch's view on US home prices remains unmoved, despite the continued rise in the Case-Shiller index...
17 April 2013
CLOs
The average European CLO equity cashflow return recovered to 10.5% in 2012 from 8.5% in 2011, accord...
17 April 2013
Structured Finance
The NAIC recently proposed changes to its modelling process for insurance company holdings of RMBS a...
17 April 2013
RMBS
Ireland's Department of Finance (DoF) and the Central Bank of Ireland have announced new measures to...
17 April 2013
RMBS
The Russian Federal Antimonopoly Service (FAS) has begun requiring the country's largest refinancing...
17 April 2013
Structured Finance
In just two years, shadow banking finance for infrastructure projects has risen from virtually zero...
17 April 2013
Structured Finance
Fitch reports that the Asia Pacific structured finance transactions it rates were mostly affirmed in...
16 April 2013
Structured Finance
IOSCO has published a consultation paper, entitled 'Principles for Financial Benchmarks', which seek...
16 April 2013
CDS
Western European CDS spreads have experienced a relatively stable quarter, despite the insolvency of...
16 April 2013
Structured Finance
By end-2012, only 1.37% by original issuance volume of European structured finance notes outstanding...
16 April 2013
CMBS
The US$68.7m Stuyvesant Town-Peter Cooper Village settlement (SCI 3 December 2012) was approved by t...
16 April 2013
RMBS
Unsecured creditors of ResCap are seeking permission from the bankruptcy court to sue Ally on the ba...
16 April 2013
RMBS
The EU Court of Justice last month ruled that the current Spanish mortgage foreclosure process is no...
16 April 2013
ABS
EMEA SME ABS ratings stability has been high over the past five years, according to Moody's. As of O...
16 April 2013
Insurance-linked securities
ACE has established a US$95m sidecar, Altair Re, to provide additional collateralised capacity for i...
16 April 2013
RMBS
Fitch reports that the Spanish mortgage market is deteriorating across many performance measures. Ac...
16 April 2013
RMBS
US RMBS loss severities are expected to continue their slow decline this year due in part to the inc...
16 April 2013
RMBS
The US Treasury Market Practices Group (TMPG) has updated its recommendation regarding the margining...
16 April 2013
CMBS
The recent resumption of European CMBS new issuance is yet to benefit the vast majority of legacy lo...
15 April 2013
CLOs
Apollo Global Management has priced ALME Loan Funding 2013-1, its €334m debut European CLO...
15 April 2013
CMBS
The Michigan Court of Appeals last week upheld the constitutionality of the Nonrecourse Mortgage Loa...
15 April 2013
Structured Finance
S&P is reviewing the methodology it applies when assigning structured finance ratings above...
15 April 2013
CDOs
Barclays Capital has commenced a tender offer to purchase for cash all of the outstanding class A-1,...
15 April 2013
CMBS
CMBS late-pays rose by 2bp in March to 7.63% from 7.61% a month earlier, according to Fitch's latest...
15 April 2013
Risk Management
Traiana has rolled out its swap data repository service for OTC derivatives. Dubbed Harmony TR Conne...
15 April 2013
RMBS
The Home Affordable Refinance Program (HARP) has been extended by two years to 31 December 2015. The...
12 April 2013
CMBS
An analysis of a new database of conduit and large loans included in US CMBS shows that the metrics...
12 April 2013
Structured Finance
The Committee on Payment and Settlement Systems and IOSCO have published for public comment a consul...
12 April 2013
CLOs
S&P has incorporated the top 250 corporate obligations held in rated US cashflow CLOs in its...
12 April 2013
CDS
Credit default swaps on government debt are effective tools for investors to hedge risks and can enh...
12 April 2013
RMBS
Total US residential mortgage servicer cure and cash-flowing rate performance was mixed in the fourt...
12 April 2013
ABS
Sallie Mae is in the market with the first residual student loan ABS in over a decade. Dubbed SLM St...
11 April 2013
RMBS
Overvaluations, a lack of liquidity and political efforts to boost housing availability are likely t...
11 April 2013
CDS
The CFTC's Division of Market Oversight has issued a no-action letter providing swap counterparties...
11 April 2013
Structured Finance
The Structured Finance Industry Group (SFIG) is set to hold its first annual industry conference in...
11 April 2013
RMBS
Markit has unveiled the Markit iBoxx US Non-Agency RMBS indices, a family of cash bond indices based...
11 April 2013
CDS
S&P Dow Jones Indices has launched three new credit spread indices based upon the S&...
10 April 2013
Risk Management
Sapient Global Markets is to offer its Compliance Management and Reporting System (CMRS) to customer...
10 April 2013
CMBS
The Moody's/RCA Commercial Property Price Indices (CPPI) national all-property composite index incre...
10 April 2013
Structured Finance
Fitch reports that the major natural disasters that affected the Asia-Pacific region from 2010 to 20...
10 April 2013
RMBS
The Australian Office of Financial Management (AOFM) has announced that it will not make any new inv...
10 April 2013
CLOs
Codean has released Codean Open Loan Mapping (Codean OLM), an open database of leveraged loans &...
9 April 2013
Structured Finance
The stronger-than-expected quantitative easing announced last week by the Bank of Japan is likely to...
9 April 2013
CLOs
In a comment letter to US federal agencies, the Loan Syndications and Trading Association last week...
9 April 2013
ABS
Ongoing declines in US personal bankruptcy filings remain positive for credit card ABS collateral, a...
9 April 2013
Structured Finance
Moody's reports that the level of set-off risk in Australian RMBS, ABS and covered bond programmes i...
9 April 2013
RMBS
Fitch has published the 1Q13 US economic risk factors (ERFs) applied in its residential mortgage loa...
9 April 2013
RMBS
Moody's has rolled out two new products covering performance of Mexican RMBS - a Mexican R...
8 April 2013
Risk Management
Misys has launched a new version of its commercial lending solution for financial institutions, whic...
8 April 2013
Structured Finance
Venn Partners has launched Venn Risk Analytics (VeRA), a platform designed to provide an independent...
8 April 2013
CLOs
Further details have emerged on Pramerica Investment Management's forthcoming European CLO ̵...
8 April 2013
Risk Management
ISDA notes in a recent derivatiViews publication that the thrust of the Basel Committee/IOSCO's seco...
5 April 2013
Insurance-linked securities
Bosphorus 1 Re series 2013-1, a parametric catastrophe bond, has hit the market. Sponsored by the Tu...
5 April 2013
CMBS
The percentage of US CMBS loans paying off on their balloon date registered 56.6%, according to the...
5 April 2013
RMBS
Uncertainty over Swiss property prices has increased over the last year; however, Fitch maintains it...
5 April 2013
CDS
The final results for the SNS Bank CDS auction have been published. The auction was undertaken acros...
4 April 2013
Structured Finance
A common trend is emerging in loan book audits executed on behalf of asset purchasers in Ireland and...
4 April 2013
RMBS
Ways of improving financing to the Dutch mortgage market are currently being considered by the count...
4 April 2013
CMBS
CMBS note sale activity via Auction.com is expected to pick up this month, with four separate commer...
4 April 2013
Structured Finance
The ECB deadline for submitting loan-level data to the European DataWarehouse passed last week. Alth...
4 April 2013
Structured Finance
Moody's credit ratings are now available to institutional investors via Morningstar UK's suite of da...
4 April 2013
CDOs
The majority of the controlling class of ACA ABS 2007-1 has directed the trustee (Wells Fargo) to di...
4 April 2013
CMBS
The stabilisation trend continues for US CMBS, with new defaults falling to their lowest levels sinc...
4 April 2013
CMBS
The number of US CMBS loans disposed with a loss in March was flat, while resolution volume fell by...
4 April 2013
CDS
S&P has raised the issuer credit rating (ICR) on the Athilon CDPC to triple-B plus from doub...
3 April 2013
RMBS
Third-party non-performing loan servicers from outside Spain are seeking to establish platforms in t...
3 April 2013
RMBS
Loan loss severities on UK repossessed properties have increased substantially alongside the proport...
3 April 2013
CDS
IntercontinentalExchange is seeking to establish ICE Trade Vault Europe as a trade repository for th...
3 April 2013
CLOs
Fitch has updated its global rating criteria for SME CLOs, largely to reflect increased market value...
3 April 2013
Structured Finance
Assenagon Asset Management has established a new fund that aims to take advantage of opportunities i...
3 April 2013
Risk Management
The CFTC has issued a final rule to exempt swaps between certain affiliated entities within a corpor...
3 April 2013
CMBS
The second quarter is likely to start off on a difficult note for legacy EMEA CMBS, according to Fit...
3 April 2013
CMBS
The delinquency rate for US CMBS inched higher by 8bp in March to 9.5% after reaching the lowest lev...
3 April 2013
RMBS
Freddie Mac's public release of historical loan-level performance data on some of the mortgages it o...
3 April 2013
CDS
ISDA's Americas Credit Derivatives Determinations Committee has resolved that a bankruptcy credit ev...
3 April 2013
Structured Finance
Deer Park Road Corp has confirmed the launch of its new ABS fund (SCI 4 December 2012), dubbed Burge...
3 April 2013
Structured Finance
Falling investment returns are proving to be problematic for insurance companies. Their asset alloca...
2 April 2013
CDOs
Auctions are due to be conducted for Longport Funding II and Trainer Wortham First Republic CBO IV....
2 April 2013
Structured Finance
Credit quality for global structured finance securities fell for the sixth consecutive year in 2012,...
2 April 2013
Structured Finance
S&P is requesting comments on its proposed methodology for rating US municipal affordable mu...
2 April 2013
RMBS
A research report published by Opera Solutions argues that transferring US RMBS portfolios to new se...
2 April 2013
ABS
Fitch has published a new criteria report, which supersedes its previous criteria report on rating U...
28 March 2013
ABS
The US$11bn merger of American Airlines' parent AMR Corporation with US Airways Group should have a...
28 March 2013
ABS
Fitch's annual US ABCP review has resulted in 25 programmes being affirmed. The review, based on Dec...
27 March 2013
ABS
The US credit card delinquency rate ticked down 3bp in February to 2.29%, just a single basis point...
27 March 2013
Structured Finance
Japanese structured finance securities rating upgrades outnumbered downgrades in 2012, reports S&...
27 March 2013
RMBS
Moody's has placed on review for downgrade the ratings of 148 classes of US structured finance secur...
27 March 2013
CDS
The European Commission has extended its CDS information investigation to include ISDA's role in the...
27 March 2013
Structured Finance
The Basel Committee on Banking Supervision has published a proposed supervisory framework for measur...
27 March 2013
CMBS
US CMBS loan defeasance in 2012 was higher than in any year since its peak in 2007. Defeasance of CM...
26 March 2013
Structured Finance
The European Commission has released a Green Paper on long-term financing in Europe. AFME has been q...
26 March 2013
RMBS
Fitch has taken various rating actions on 10,133 classes in 772 US Alt-A RMBS transactions. The vast...
26 March 2013
RMBS
JPMorgan's first post-crisis RMBS, JPMMT 2013-1, would not be rated Aaa by Moody's. The rating agenc...
25 March 2013
RMBS
The UK government's plan to stimulate mortgage lending is credit positive for RMBS, argues Moody's....
25 March 2013
RMBS
Fitch has downgraded 704 distressed bonds in 285 US RMBS transactions to single-D. They were all pre...
25 March 2013
RMBS
Two Harbors Investment Corp intends to use share sales proceeds to make further RMBS purchases. It h...
25 March 2013
RMBS
Moody's has placed 16 tranches from nine RMBS transactions issued by Renaissance and Delta Funding o...
25 March 2013
CDOs
An auction is being held for Bristol CDO I today. The US$223.5m class A-1 tranche, US$20.5m class A-...
22 March 2013
ABS
Moody's has published a methodology report covering its global approach to rating ABS collateralised...
22 March 2013
ABS
Asset performance came in stronger for US prime auto ABS, while subprime auto loans reversed a seven...
22 March 2013
CMBS
The interest shortfalls that affected the super-senior class of MSC 2007-HQ13 are unlikely to be wid...
22 March 2013
CMBS
The US$13.6m 2100 Grand loan, securitised in CMBS 2.0 deal JPMCC 2011-C3, has been transferred to sp...
21 March 2013
Structured Finance
The Global Financial Markets Association (GFMA) has added to the discussion around the Basel Committ...
21 March 2013
Risk Management
Fenergo has strengthened its client and counterparty data management platform. The tool provides rea...
21 March 2013
CDS
An auction to settle the credit derivative trades for SNS Bank CDS will be held on 4 April. ISDA's E...
21 March 2013
RMBS
The FHFA last week announced that over one million borrowers were able to refinance into lower inter...
21 March 2013
RMBS
Fitch has revised its criteria assumptions for Spanish residential mortgage portfolios in response t...
20 March 2013
Structured Finance
S&P has published its response to the Basel Committee's consultative document on revisions t...
20 March 2013
Structured Finance
Moody's has updated its general guidelines for the temporary investment of cash in structured financ...
20 March 2013
ABS
Moody's expects the annualised private student loan default rate to continue falling year-over-year...
20 March 2013
Structured Finance
The Basel Committee has published the results of its latest Basel 3 monitoring exercise. The study i...
20 March 2013
Structured Finance
The US Department of Energy's National Renewable Energy Laboratory (NREL) has convened a Solar Acces...
19 March 2013
CMBS
The 28 February decision from the Versailles Court of Appeal is a positive development in the Coeur...
19 March 2013
ABS
Performance across Canadian ABCP remains strong, according to Moody's first quarterly report for the...
19 March 2013
RMBS
Ally Bank is set to sell a portfolio of agency mortgage servicing rights (MSR) to Ocwen Financial Co...
19 March 2013
Risk Management
Lehman Brothers Finance AG (LBF) has reached a settlement with Lehman Brothers International Europe...
18 March 2013
CMBS
MSC 2007-HQ13 has become the first US conduit CMBS to see interest shortfalls hit the super senior c...
18 March 2013
RMBS
Moody's has downgraded the global and national scale ratings of the senior notes in FCC BIAT-CREDIMM...
18 March 2013
ABS
Fitch has downgraded five securitisations backed by Spanish electricity tariff deficits from single-...
18 March 2013
ABS
A 13 March settlement between 17 US states, the District of Columbia and Puerto Rico and several tob...
18 March 2013
Structured Finance
ESMA has published its second annual report on its supervision of credit rating agencies (CRAs) in t...
18 March 2013
CMBS
Moody's says its credit evaluation of Morgan Stanley Capital I Trust 2013-ALTM CMBS is significantly...
18 March 2013
RMBS
S&P has lowered its ratings on 145 classes from 72 US RMBS that are insured by MBIA Insuranc...
18 March 2013
Structured Finance
Global structured finance (SF) rating and impairment activity varied widely by sector and rating cat...
18 March 2013
Structured Finance
Prime Collateralised Securities (PCS) has published a White Paper, entitled 'Europe in Transition',...
15 March 2013
Structured Finance
The Basel Committee's revised proposals on the capital treatment of securitisation exposures (SCI 19...
15 March 2013
Structured Finance
The ASF has submitted a comment letter to the Basel Committee in response to its 18 December consult...
15 March 2013
CDOs
Combined defaults and deferrals for US bank Trups CDOs further decreased to 29% at the end of Feb fr...
14 March 2013
CMBS
US CMBS price tiering could start to emerge this year, as investors begin differentiating between sp...
14 March 2013
CLOs
The European Investment Fund, UniCredit and Federconfidi have signed the first Competitiveness and I...
14 March 2013
Structured Finance
Cajamar Caja Rural has announced a tender offer for nine RMBS bonds and one SME CLO bond, launching...
14 March 2013
ABS
Moody's expects the performance of asset classes backing US commercial and esoteric ABS to be stable...
14 March 2013
Risk Management
The first compliance deadline of the European Markets and Infrastructure Regulation (EMIR) comes int...
14 March 2013
Structured Finance
Moody's has placed on review for downgrade the ratings of 60 classes of notes in 41 RMBS and seven A...
14 March 2013
ABS
As it enters its senior year, the Straight-A Funding ABCP programme continues to provide liquidity t...
14 March 2013
CMBS
Trepp and the International Council of Shopping Centers (ICSC) are set to produce an analysis of sho...
13 March 2013
RMBS
One lawsuit that grabbed the market's attention last week is the KIRP versus Nationstar Mortgage cas...
13 March 2013
Structured Finance
The IASB last week published an exposure draft on the recognition of impairment losses for financial...
13 March 2013
CDS
ISDA has published a paper entitled 'Non-Cleared OTC Derivatives: Their Importance to the Global Eco...
13 March 2013
CMBS
It has emerged that seven properties from the US$317m Schron Industrial Portfolio, securitised in GC...
13 March 2013
Risk Management
DataQuick has launched a portfolio management intelligence suite that aims to provide configurable s...
13 March 2013
CMBS
US commercial property prices across the board were effectively flat in January, according the Moody...
13 March 2013
ABS
Moody's has published a methodology report that details its global approach to rating ABS backed by...
12 March 2013
RMBS
S&P has published its 4Q12 UK RMBS index report, which shows that UK non-conforming mortgage...
12 March 2013
Structured Finance
Moody's has released a report describing adjustments for determining loss distributions using two ad...
12 March 2013
Structured Finance
Fitch has downgraded 103 tranches - 69 RMBS, 15 ABS, 12 CMBS and seven structured credit a...
12 March 2013
CMBS
The US lodging sector is expected to experience another strong year in 2013, although the rate of gr...
12 March 2013
RMBS
Prime mortgage borrowers in US RMBS pools issued since the start of 2010 are still prepaying at rapi...
12 March 2013
RMBS
Moody's has issued a request for comment on a proposal affecting how it analyses the credit risk of...
12 March 2013
Risk Management
MarkitSERV reports that 148 buy-side firms and swaps dealers used the platform to match and process...
12 March 2013
Structured Finance
Global sukuk issuance grew for the fourth year in a row in 2012 and is expected to become even more...
11 March 2013
CDS
ICE is set to introduce four credit index futures contracts starting in May. The contracts will be b...
11 March 2013
RMBS
The rise in German house prices in 2011-2012 was less pronounced in the wealthiest parts of the coun...
11 March 2013
CDS
The provisional membership list for the new Series 19 iTraxx indices has been published ahead of its...
11 March 2013
CDOs
An auction is being held for Independence IV CDO on 28 March. The collateral will be sold only if th...
11 March 2013
Risk Management
ISDA has launched the March 2013 EMIR Non-Financial Counterparty (NFC) Representation Protocol and a...
11 March 2013
CMBS
Two large loan modifications helped drive US CMBS delinquencies lower for a ninth straight month, ac...
8 March 2013
Risk Management
The largest US bank holding companies have continued to improve their ability to withstand an extrem...
8 March 2013
CMBS
Fitch has downgraded Alburn Real Estate Capital (REC 6)'s class A, B and C notes and affirmed the cl...
8 March 2013
CMBS
The percentage of US CMBS loans paying off on their balloon date has exceeded 60% for the fifth time...
8 March 2013
CMBS
The weighted average loss severity for all loans backing US CMBS that liquidated at a loss was 40.8%...
8 March 2013
ABS
Moody's outlook remains stable for Canadian auto and credit card ABS and for the country's seven cov...
8 March 2013
ABS
Competitive industry pressures - particularly in the subprime sector - are drivi...
7 March 2013
CLOs
Many of the first CLO 2.0 deals are reaching the end of their call-protected period, with some trans...
7 March 2013
Risk Management
S&P Capital IQ has broadened its coverage of derivatives and other complex financial instrum...
7 March 2013
Risk Management
S&P Capital IQ has broadened its coverage of derivatives and other complex financial instrum...
7 March 2013
Risk Management
S&P Capital IQ has broadened its coverage of derivatives and other complex financial instrum...
7 March 2013
Structured Finance
TwentyFour Asset Management has launched the TwentyFour Income Fund, which aims to generate a net to...
7 March 2013
ABS
Vehicles are likely to depreciate to a greater degree this year, though not enough to present any ma...
7 March 2013
CDS
Provisional changes to the Markit CDX IG index constituents have been published ahead of the roll to...
6 March 2013
Risk Management
Numerix has introduced Numerix CrossAsset Server (CAS), which extends the features of Numerix CrossA...
6 March 2013
ABS
Total 4Q12 US timeshare ABS delinquencies were 3.55%, up from 3.28% in 3Q12, according to Fitch's la...
6 March 2013
RMBS
The final hearing on Bank of America's proposed US$8.5bn settlement over alleged rep and warranties...
6 March 2013
ABS
Seasoned Sallie Mae private student loan subordinated paper, having recently traded in the 675bp-700...
6 March 2013
RMBS
Bank of America last week made public a July 2012 settlement agreement with the New York Fed, in whi...
6 March 2013
CDOs
An auction will be conducted for RFC CDO I on 28 March. The collateral will only be sold if the proc...
6 March 2013
Risk Management
The regulatory technical standards under the European Market Infrastructure Regulation (EMIR) were p...
5 March 2013
Risk Management
Xenomorph has released a new risk factor management module for its TimeScape platform. The enhanceme...
5 March 2013
RMBS
Fitch has released a proposed new model framework for estimating losses on prime Canadian residentia...
5 March 2013
RMBS
The OCC and the US Federal Reserve have released amendments to their enforcement actions against 13...
5 March 2013
CMBS
The Trepp CMBS delinquency rate fell by 15bp to 9.42% in February, reaching its lowest level in a ye...
5 March 2013
RMBS
The FHFA has released its 2013 Conservatorship Scorecard for Fannie Mae and Freddie Mac. The Scoreca...
5 March 2013
Structured Finance
S&P has lowered its financial strength rating on MBIA Insurance Corp to triple-C from single...
4 March 2013
CMBS
The potential ramifications of retail store closures remain to be seen for US CMBS, Fitch notes.
A...
4 March 2013
Insurance-linked securities
Swiss Re's Cat Bond Global Total Return Index posted a return of 10.28% for 2012. The catastrophe bo...
4 March 2013
CDOs
Investors last week received monies from the redemption of nine of the outstanding Lehman Brothers D...
4 March 2013
Risk Management
SIFMA, ISDA and the Managed Funds Association (MFA) have released a summary of results from a member...
4 March 2013
CMBS
Moody's has placed on review for downgrade the ratings of 28 classes of notes in 14 CMBS secured by...
4 March 2013
CDS
TriOptima says it held compression cycles for both the subordinated and senior debt-related single n...
4 March 2013
ABS
Fitch believes the small increase in US household debt and sizable reduction in disposable income ar...
4 March 2013
CMBS
US CMBS resolution volume last month dropped by 16% on the basis of liquidated balance, according to...
1 March 2013
ABS
JPMorgan has introduced an auto loan ABS loss/prepayment model, to enable credit analysis and relati...
1 March 2013
RMBS
Declining apartment prices and transaction volumes in the Seoul Metropolitan area are credit negativ...
1 March 2013
CMBS
Further details have emerged on the Intu Properties CMBS/corporate securitisation hybrid that will r...
1 March 2013
RMBS
Fannie Mae and Freddie Mac continue to play a key role in the US housing market recovery, thus limit...
1 March 2013
CMBS
After peaking at US$91.7bn in 2010, the volume of specially serviced US CMBS loans fell to US$70.6bn...
1 March 2013
RMBS
A statement of claim has been lodged by Pioneer Mortgage Services to the Supreme Court of New South...
1 March 2013
RMBS
UK mortgage lenders have sold possessed properties at an average discount of 23% since 2008, compare...
28 February 2013
CMBS
Intu Properties, formerly Capital Shopping Centres Group, has established a new debt funding platfor...
28 February 2013
CDOs
S&P reports that its ratings on European synthetic CDOs were generally stable in 2012. Affir...
28 February 2013
Insurance-linked securities
Moody's has upgraded the US$67.5m Nelson Re class G catastrophe bonds to A3 from Ca, upon the sponso...
28 February 2013
CMBS
Two CMBS note sales are scheduled for March on auction.com. CMBS analysts at Barclays Capital have i...
28 February 2013
Risk Management
Volante Technologies has launched its v-Derivatives and OTC-Connect products. Volante's 'v' programm...
28 February 2013
ABS
Closing out a two-year surge, US credit card ABS maturities are expected to level off after this yea...
28 February 2013
CDOs
An auction is to be held for Duke Funding VIII on 21 March. The collateral will only be sold if the...
28 February 2013
RMBS
The US Bipartisan Policy Center's Housing Commission has unveiled a new vision for housing policy. T...
27 February 2013
CDS
A meaningful move in the CDS basis has occurred over the last few months, with cash underperforming...
27 February 2013
CDOs
An auction is to be held for Capital Guardian ABS CDO I on 18 March. The collateral includes small b...
27 February 2013
CDS
The CFTC has released a revised compliance schedule for clearing of iTraxx CDS indices. Category 1 a...
27 February 2013
CMBS
Increased issuance volume is bringing several new B-piece buyers to the US CMBS market. But Fitch no...
26 February 2013
ABS
As Americans increasingly purchase recreational vehicles (RVs) and leisure boats, S&P believ...
26 February 2013
RMBS
US mortgage servicers have distributed US$45.83bn in direct relief to over 550,000 homeowners &#...
26 February 2013
CMBS
The composition of US CMBS loan liquidations appears to be shifting. Over the past three years, less...
26 February 2013
ABS
Prime and subprime US auto ABS losses have risen in recent months, according to Fitch's latest index...
26 February 2013
RMBS
US RMBS with weak structural frameworks are unlikely to receive a Aaa rating from Moody's, even if t...
25 February 2013
CMBS
Noteholders last week agreed to the amendments to Bruntwood Alpha, as proposed by the borrower (SCI...
25 February 2013
CDOs
Combined defaults and deferrals for US bank Trups CDOs decreased further to 29.7% at the end of Janu...
25 February 2013
CMBS
CMBS first appeared in the major US gaming markets in 1998, with the securitisation of the Showboat...
25 February 2013
CMBS
The US CMBS delinquent amount ended 2012 at US$42.57bn, about 5% lower than where it began the year,...
25 February 2013
CMBS
The announcement of a second large loan refinancing in the German multifamily CMBS sector this year...
25 February 2013
CDS
ECM Asset Management has launched its Absolute Return Credit Fund (ARC), with the aim of gaining exp...
22 February 2013
CMBS
All of the commercial real estate sectors continued to grow in 4Q12, despite a softened economy and...
22 February 2013
Structured Finance
The slow-down of the European structured finance market has not coincided with a corresponding contr...
22 February 2013
Structured Finance
ESMA has launched a shortened consultation in connection with formulating regulation on fees for tra...
22 February 2013
CDS
Tradeweb Markets has enhanced its electronic iTraxx credit default swap index platform in Europe, en...
21 February 2013
Structured Finance
The rankings in the SCI league tables for bank arrangers in the structured credit and ABS markets ha...
21 February 2013
CMBS
Twelve EMEA CMBS loans were added and four were removed from special servicing following work-outs i...
21 February 2013
RMBS
Recent rep and warranty proposals in new US RMBS deals may expose investors to added risks from weak...
20 February 2013
Risk Management
Numerix has launched new functionality for cheapest-to-deliver (CTD) curve construction and the anal...
20 February 2013
RMBS
Persistent servicer challenges and declining recovery rates colour the performance of Sofoles-sponso...
20 February 2013
CMBS
Morningstar has added the US$42.2m Ballston Common Mall loan, securitised in PCM Trust 2003-PWR1, to...
20 February 2013
CDS
ICE Clear Credit has received regulatory approval to clear the Markit iTraxx Europe CDS indices. Cle...
19 February 2013
Structured Finance
The ECB's change to its repo eligibility criteria for covered bonds is credit negative for programme...
19 February 2013
CDOs
Dock Street Capital Management has been retained to act as liquidation agent for Davis Square Fundin...
19 February 2013
Risk Management
The rationalisation of pricing and risk infrastructures is key for sustainable front office risk tak...
19 February 2013
CLOs
Further details have emerged on the €300.5m Cairn CLO III (SCI 25 January). Revised guidan...
18 February 2013
CMBS
The US$150m JW Marriott Las Vegas Resort & Spa loan, securitised in the CSMC 2007-TFLA CMBS,...
18 February 2013
Structured Finance
FASB has issued for public comment a proposal to improve financial reporting by providing a comprehe...
18 February 2013
Risk Management
FIX Protocol Ltd (FPL) has published recommended best practices and accompanying implementation guid...
18 February 2013
Risk Management
The Basel Committee and IOSCO have published a second consultative paper that represents a near-fina...
18 February 2013
CDOs
Following a sharp spike late last year, US CRE CDO late-pays fell for a second straight month to 12....
18 February 2013
CDOs
Fitch believes that steps taken by the US Treasury to wind down the Capital Purchase Program (CPP) c...
18 February 2013
CMBS
The US$35m Doubletree by Hilton JFK Airport loan has been transferred to special servicing. Securiti...
15 February 2013
CDOs
NorthStar Realty Finance Corp indicated in its 4Q12 earnings call yesterday that it may unwind some...
15 February 2013
CDS
New Imperial College research presented at the latest 'Peregrine Perspectives' discussion series sug...
14 February 2013
CMBS
A recent presentation by the borrower behind TITAN 2007-1 NHP provided an insight into the first 12...
14 February 2013
CDS
It has been a busy few days for the ISDA EMEA Credit Derivatives Determinations Committee with respe...
14 February 2013
CLOs
S&P's European CLO performance index report shows that upgrades outnumbered downgrades by se...
14 February 2013
CMBS
US commercial real estate prices increased by 8.1% on a composite basis during 2012, according to th...
14 February 2013
ABS
Arqiva Financing, a £750m UK whole business securitisation originated by the Arqiva group,...
13 February 2013
RMBS
FHA reform discussions gained momentum last week, with the House Financial Services Committee holdin...
13 February 2013
ABS
Fitch believes that recent strength in the US subprime auto ABS market is leading to increased compe...
13 February 2013
RMBS
Markit has launched IOS, PO and MBX indices referencing 3% and 3.5% Fannie Mae pools issued in 2012....
13 February 2013
CMBS
Moody's expects loans backing European CMBS to perform poorly over the next two years because of the...
13 February 2013
CMBS
CR Investment Management has been awarded the asset management mandate for the Treveria D-Silo facil...
12 February 2013
CDS
The credit market is currently characterised by two prominent themes - demand for yield an...
12 February 2013
RMBS
Morningstar Credit Ratings has reviewed monthly occurrences of interest shortfalls in US RMBS across...
12 February 2013
CDS
Javelin Capital Markets has joined IPC System's Connexus Financial Extranet service, with the aim of...
11 February 2013
CMBS
CMBX.6 index activity appears to have had a promising start, based on DTCC figures. Total CMBX volum...
11 February 2013
CDOs
An auction will be conducted for RFC CDO II on 1 March. The collateral will only be sold if the proc...
11 February 2013
Structured Finance
Fitch says that programme features rather than the nature of the underlying assets were the key fact...
11 February 2013
RMBS
The Joint Forum has released a consultative report entitled 'Mortgage insurance: market structure, u...
11 February 2013
CMBS
US CMBS late-pays declined by 8bp in January to 7.91% from 7.99% a month earlier, according to Fitch...
8 February 2013
Structured Finance
The European ABS market appears to be entering a period of consolidation, according to ABS analysts...
8 February 2013
CMBS
The percentage of US CMBS loans paying off on their balloon date has exceeded 60% for the fourth tim...
7 February 2013
ABS
In its latest quarterly UK Credit Card Index, Fitch notes that credit card ABS produced the stronges...
7 February 2013
RMBS
Spanish Minister of Economy and Competitiveness Luis de Guindos last week proposed changes to the co...
7 February 2013
Risk Management
OpenLink Financial has launched an intelligence solution designed to address the European Market Inf...
7 February 2013
RMBS
Fitch says that prime residential mortgage portfolios with low expected loss levels need an addition...
6 February 2013
RMBS
Moody's has downgraded 85 tranches from 76 Australian RMBS and confirmed 10 tranches from 10 other t...
6 February 2013
RMBS
In its latest update of Australian mortgage performance, Fitch notes that the Reserve Bank of Austra...
6 February 2013
CMBS
Tesco's latest credit-tenant-linked CMBS, Tesco Property Finance 6, has hit the market via Goldman S...
6 February 2013
RMBS
Fitch reports that severe delinquencies are higher for investment mortgages than owner-occupier mort...
5 February 2013
Structured Finance
Moody's has downgraded from Aa2 to Aa3 the Euro and US MTN programmes of Links Finance. The ratings...
5 February 2013
Risk Management
Quantifi has published a joint whitepaper with Risk Dynamics, entitled 'Managing Counterparty Credit...
5 February 2013
Risk Management
ICAP has launched hazard rates and survival probabilities as part of an expanded end-of-day credit d...
4 February 2013
CDOs
Investors who held Federation CDO notes and used ANZ as custodian were last month informed that Lehm...
4 February 2013
CLOs
Bond-for-loan takeout transactions are accelerating prepayments of better credit quality loans in Eu...
4 February 2013
ABS
Fitch expects the stable performance of Fitch-rated US utility tariff ABS to continue, despite secto...
4 February 2013
RMBS
Moody's has concluded its review of the Australian lenders' mortgage insurance (LMI) sector, resulti...
4 February 2013
CMBS
Overall US CMBS resolution volume dropped slightly in January, according to Trepp. In addition, loan...
4 February 2013
CMBS
Appetite for non-traditional US CMBS deals is increasing. At the same time, questions as to how Fitc...
4 February 2013
Risk Management
TriOptima has launched triQuantify, a counterparty credit risk analytics service for OTC derivatives...
1 February 2013
CDS
The final price for Mediannuaire LCDS was determined to be 40. During yesterday's auction for the na...
1 February 2013
CMBS
Given the rising volume of CMBS loan modifications over the past two years, investors have become in...
1 February 2013
Risk Management
A recent survey, conducted by IPC Systems, has found that financial institutions are underprepared t...
1 February 2013
CMBS
Measures of credit quality of loans backing new CMBS transactions in 4Q12 were comparable to levels...
1 February 2013
CMBS
The Trepp CMBS delinquency rate dropped by 14bp to 9.57% in January, reaching its lowest level in 11...
31 January 2013
RMBS
Overall US non-agency RMBS BWIC volume picked up to a moderate level yesterday, as market participan...
31 January 2013
ABS
The credit quality of US and Canadian ABCP will respectively be stable and strong in 2013, according...
31 January 2013
RMBS
Moody's expects mortgage arrears across UK RMBS to marginally reduce in 2013 from their current leve...
30 January 2013
Structured Finance
Fitch expects South African structured finance asset performance to be stable in 2013. The low inter...
30 January 2013
CDOs
A second auction for Duke Funding High Grade I is to be held on 20 February. An auction was previous...
29 January 2013
CLOs
With US$8.3bn issuance from 15 US CLOs, January month-to-date has already surpassed last November to...
29 January 2013
RMBS
The San Bernardino County Homeownership Protection Program Joint Powers Authority Board last week re...
29 January 2013
CDOs
Combined defaults and deferrals for US bank Trups CDOs further decreased to 30.2% by end-4Q12, accor...
29 January 2013
ABS
The true-up mechanism structured in each utility tariff (UT) ABS transaction within Fitch's rated po...
29 January 2013
Risk Management
Interactive Data has integrated Intex Solutions' structured finance cashflows and related data into...
29 January 2013
CMBS
Two lists of loans are scheduled to be sold via Auction.com next month, including approximately US$4...
29 January 2013
CLOs
The final rules pertaining to the implementation of the Foreign Account Tax Compliance Act (FATCA) p...
29 January 2013
CDOs
An auction has been scheduled for Libertas Preferred Funding I on 19 February. The collateral will o...
28 January 2013
ABS
The US credit card delinquency rate declined to an all-time low of 2.28% in December, 9bp lower than...
28 January 2013
CDS
The auction for Mediannuaire LCDS (SCI 22 January) will be held on 31 January, following the occurre...
28 January 2013
Structured Finance
Citi has launched a communication and notification service to enable structured finance issuers to c...
28 January 2013
CMBS
Further details have emerged about the sale of London's Woolgate Exchange, one of the properties sec...
28 January 2013
CDOs
An auction is to be conducted for Margate Funding I , an ABS CDO, on 15 February. The collateral wil...
25 January 2013
CLOs
Credit Suisse is circulating the preliminary capital structure of Cairn Capital's long-awaited &...
25 January 2013
ABS
Kroll Bond Rating Agency has released its methodology for rating US credit card ABS. The methodology...
25 January 2013
ABS
Seasonal patterns drove losses on both US prime and subprime auto loan ABS higher last month, accord...
25 January 2013
Structured Finance
Principia has released its 4Q12 loan level and collateral performance data survey, which highlights...
25 January 2013
RMBS
CoreLogic has introduced CoreLogic Bond Tracker, a bond assessment service for non-agency RMBS. The...
25 January 2013
ABS
Access to underlying sales proceeds can be limited in case of seller/lessor insolvency in French aut...
24 January 2013
CMBS
Citi CMBS analysts have highlighted two concerning trends that are emerging in the Freddie Mac K-Dea...
24 January 2013
ABS
The new issue US ABS market has sprung to life over the past two weeks, posting volumes of US$10.8bn...
24 January 2013
CDOs
An auction has been scheduled for 13 February for Trainer Wortham First Republic CBO III. The collat...
24 January 2013
Structured Finance
Reduced issuance costs and a spike in maturing bonds could keep 2013 issuance of covered bonds broad...
23 January 2013
ABS
Personal bankruptcies in the US fell by over 14% last year, exceeding Fitch's forecast of 11%. This...
23 January 2013
ABS
Moody's has placed under review with direction uncertain a number of term tobacco settlement revenue...
23 January 2013
RMBS
Fitch has begun publishing a new quarterly mortgage market index, which measures the percentage of l...
23 January 2013
CMBS
About 72% of the universe of US conduit CMBS loans that were due to pay off in 2012 and were still o...
23 January 2013
Structured Finance
Regulatory changes could have a significant impact on Australian structured finance issuance in 2013...
23 January 2013
Structured Finance
The European Securities and Markets Authority (ESMA) has published its '2013 CRA Supervision and Pol...
22 January 2013
CDS
Global sovereign CDS prices tightened by 16% in 4Q12 overall, as fears of a euro exit were allayed,...
22 January 2013
Structured Finance
The covered bond market in Russia is expected to expand rapidly as the instrument proves to be an ef...
22 January 2013
ABS
US ABCP outstandings are likely to remain flat or modestly decline, according to S&P, until...
22 January 2013
CDS
An auction to settle the credit derivative trades for Pages Jaunes Hold Co (Mediannuaire) LCDS is to...
22 January 2013
Structured Finance
Fitch Solutions says that the introduction of global legal entity identifiers (LEIs) in March 2013 &...
21 January 2013
ABS
Aircraft ABS prices rallied during the third and fourth quarter, as investors sought to add risk, es...
21 January 2013
RMBS
A legal structure that potential issuers have proposed for transactions backed by cashflows from sin...
21 January 2013
Structured Finance
Moody's has downgraded the ratings of 225 classes of US structured finance securities wrapped by Ass...
21 January 2013
RMBS
The presence of the to-be-announced (TBA) market provides greater liquidity to agency MBS, according...
21 January 2013
Structured Finance
Though a decline since the previous month, US CRE CDO late-pays finished the year higher than at yea...
21 January 2013
RMBS
The US Fed, CFPB, FDIC, FHFA, NCUA and OCC have released the final rule that establishes new apprais...
21 January 2013
RMBS
The number of aged loans in foreclosure fell for most servicers of US RMBS in 3Q12. This is a promis...
18 January 2013
Structured Finance
Fitch has affirmed 32 tranches, upgraded four tranches, revised the rating watch on four tranches to...
18 January 2013
RMBS
Fitch says that the recent qualified mortgage (QM) announcement (SCI 11 January) is a positive step...
18 January 2013
CLOs
S&P has placed or kept on credit watch negative its ratings on 100 tranches in 33 European S...
18 January 2013
Structured Finance
Moody's has downgraded the insurance financial strength (IFS) rating of: Assured Guaranty Municipal...
18 January 2013
Risk Management
The Fitch Research product now includes proprietary market-based data and fundamental financials for...
18 January 2013
RMBS
The CFPB has issued its final mortgage servicing rules, which the majority of servicers must adhere...
17 January 2013
Risk Management
Principia has released system enhancements aimed at addressing the US Market Risk Final Rule securit...
17 January 2013
CDS
The final price for Edison Mission Energy CDS was determined to be 48.5. At an auction held yesterda...
17 January 2013
Structured Finance
New credit rating agency rules - CRA 3 - have been approved by the European Parl...
17 January 2013
Risk Management
The DTCC has filed a comment letter with the CFTC expressing concern over the lack of clarity as par...
16 January 2013
Structured Finance
European structured finance volume for 2013 remains difficult to call. For example, while S&...
16 January 2013
Risk Management
Moody's Analytics has enhanced its enterprise risk management platform, RiskFoundation, to help bank...
16 January 2013
ABS
S&P believes that, in certain circumstances, the remarketing of reset-rate notes (RRNs) issu...
16 January 2013
Structured Finance
TALF is being wound down, following the repayment of the programme with interest. Accounting for int...
16 January 2013
RMBS
AIG and some of its affiliates last week filed a complaint in New York State Supreme Court seeking a...
16 January 2013
Risk Management
TriOptima says it eliminated US$84trn in OTC derivatives notional principal outstanding in 2012, com...
15 January 2013
Structured Finance
New issue CRE CDOs are being hailed as the "next frontier", with the potential for volumes to increa...
15 January 2013
RMBS
Fannie Mae has begun releasing monthly loan-level disclosure data for its single-family MBS as part...
15 January 2013
CDS
The CFTC has issued an order granting a request made by Ice Clear Credit (ICC). The order sets forth...
15 January 2013
Structured Finance
Moody's believes that strict underwriting standards in Japan will support the performance of RMBS an...
15 January 2013
RMBS
Fitch believes the settlement between regulators and 10 residential loan servicing companies (SCI 9...
15 January 2013
CDOs
An auction has been scheduled for Birch Real Estate CDO I, to be conducted on 23 January. The truste...
14 January 2013
ABS
The fundamentals of container leasing remain strong, according to ABS strategists at Wells Fargo. Th...
14 January 2013
CLOs
Lack of supply is the top concern for the second consecutive time, according to JPMorgan's 1Q13 glob...
14 January 2013
Structured Finance
S&P says it is bullish on structured finance in emerging markets going into 2013, though it...
14 January 2013
CMBS
US CMBS delinquencies closed out 2012 with seven straight months of decline, while late-pays on offi...
11 January 2013
Structured Finance
IOSCO has published a consultation report on financial benchmarks seeking comment on policy issues....
11 January 2013
Structured Finance
New rules governing Canadian covered bonds provide some increased protections for bondholders but ar...
11 January 2013
CMBS
A 1.2% rise in apartment prices drove a 0.4% increase in US CRE as a whole in November, according to...
11 January 2013
ABS
US credit card ABS finished 2012 strongly. Fitch's latest index results show charge-offs reached ano...
11 January 2013
CLOs
S&P has updated its methodology and assumptions for assessing CLOs backed by European SMEs....
10 January 2013
CDS
Some Countrywide tranches - such as CWALT 2006-13T1 A11 (talked in the 80-area), CWL 2006-14 M2 (tal...
9 January 2013
ABS
this is a test...
9 January 2013
ABS
this is a test......
9 January 2013
ABS
this is a test.........
9 January 2013
CDS
The Reserve Bank of India has reviewed its guidelines on CDS, based on feedback received from the ma...
9 January 2013
RMBS
A number of mortgage servicing companies have reached an agreement with the OCC and the Federal Rese...
9 January 2013
RMBS
Fitch says it is monitoring the servicer ratings of Nationstar Mortgage and Green Tree Servicing, fo...
9 January 2013
Structured Finance
Moody's expects the performance of structured finance transactions in Asia to be largely stable in 2...
9 January 2013
Structured Finance
Final clarity as to what constitutes a qualified mortgage and the likelihood of increased issuance w...
9 January 2013
RMBS
Moody's has published its new methodology for assessing RMBS servicer quality (SQ), following a requ...
9 January 2013
CMBS
Morningstar has added the US$123m IRET Portfolio loan, securitised in the CGCMT 2006-C5 CMBS, to its...
9 January 2013
Structured Finance
The inclusion of RMBS in the Basel 3 Liquidity Coverage Ratio (SCI 7 January) has been welcomed as a...
9 January 2013
Structured Finance
The inclusion of RMBS in the Basel 3 Liquidity Coverage Ratio (SCI 7 January) has been welcomed as a...
9 January 2013
Structured Finance
The inclusion of RMBS in the Basel 3 Liquidity Coverage Ratio (SCI 7 January) has been welcomed as a...
9 January 2013
Structured Finance
The inclusion of RMBS in the Basel 3 Liquidity Coverage Ratio (SCI 7 January) has been welcomed as a...
9 January 2013
Structured Finance
The inclusion of RMBS in the Basel 3 Liquidity Coverage Ratio (SCI 7 January) has been welcomed as a...
9 January 2013
Structured Finance
The inclusion of RMBS in the Basel 3 Liquidity Coverage Ratio (SCI 7 January) has been welcomed as a...
9 January 2013
Structured Finance
The inclusion of RMBS in the Basel 3 Liquidity Coverage Ratio (SCI 7 January) has been welcomed as a...
9 January 2013
Structured Finance
The inclusion of RMBS in the Basel 3 Liquidity Coverage Ratio (SCI 7 January) has been welcomed as a...
9 January 2013
Structured Finance
The inclusion of RMBS in the Basel 3 Liquidity Coverage Ratio (SCI 7 January) has been welcomed as a...
9 January 2013
Structured Finance
The inclusion of RMBS in the Basel 3 Liquidity Coverage Ratio (SCI 7 January) has been welcomed as a...
8 January 2013
RMBS
Fitch's 2013 outlook for house prices and prime residential mortgage performance varies greatly acro...
8 January 2013
Structured Finance
Fitch has updated its rating criteria for derivative product companies (DPCs). The agency confirms t...
8 January 2013
CMBS
Trepp reports that last month 54.5% of CMBS loans reaching their balloon date paid off, compared to...
8 January 2013
Insurance-linked securities
Argo Group International has formed Harambee Re 2013-1, its debut sidecar transaction. Unlike other...
7 January 2013
CDS
An auction to settle the credit derivative trades for Edison Mission Energy CDS is to be held on 16...
7 January 2013
CMBS
Average US CMBS loss severity ended up at 37.06% last month, or 516bp lower than November's 42.22%,...
7 January 2013
RMBS
Fitch believes that recent home price growth in the US is being driven more by technical factors tha...
7 January 2013
Structured Finance
The Basel Committee has endorsed a package of amendments to the formulation of the Liquidity Coverag...
4 January 2013
ABS
US securitised credit card charge-offs decreased from 4.07% in October to a six-year low of 3.90% in...
4 January 2013
ABS
US prime auto ABS continued to perform strongly at the end of 2012, but the latest index results fro...
3 January 2013
CMBS
CMBS loan maturities continue to pose challenges in Europe. The latest Fitch index shows 36 loans co...
3 January 2013
RMBS
S&P has reviewed 837 ratings from 147 RMBS transactions issued between 1999 and 2007, backed...
2 January 2013
Structured Finance
A fresh set of FAQs on Basel 3's counterparty credit risk and exposures to central counterparties ha...
2 January 2013
CDOs
An auction has been scheduled for 11 January for Bristol CDO I and for 18 January for the Belle Have...
2 January 2013
CDOs
The auction for RFC CDO I announced last month (SCI 10 December) did not lead to a sale of the secur...
2 January 2013
CMBS
A sale agreement has been reached for the largest loan backing TITN 2007-CT1X. A sale agreement for...
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"SCI delivers relevant and insightful editorial for those operating in the structured credit and asset backed markets. As a subscriber we have found it a useful resource to keep abreast of the key issues and news affecting our industry, whether it’s up to the minute deal information, analysis of regulatory issues, technology news or people moves. Its growing data business and focused conference programme demonstrate that the team understands what the market wants and they are dedicated to delivering that intelligence via the most useful channels. All of Principia’s work with the SCI team has been collaborative and their input, as well as the platform itself, has been a valuable contribution to our overall marketing efforts" - Douglas Long, EVP Business Strategy, Principia Partners
We cover all ABS & structured credit including Collateralised loan obligations (CLO), Residential mortgage backed securities (RMBS), Commercial mortgage backed securities (CMBS), Collateralised debt obligations (CDO), Credit default swap (CDS) or Insurance linked securities (ILS). And there are several other news categories besides, covering all aspects of structured finance. SCI is aimed at the buy-side; our mission is to provide deeper and more accurate coverage of structured finance to market participants than is available elsewhere. Our readership includes portfolio managers, broker-dealers, hedge funds, CDO managers, asset managers, banks and CFOs the world over. Register for a two week free trial today or subscribe to SCI.
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