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Issue 265 - 21st December

  • News Analysis

    • CLOs
      • More of the same?

        US CLOs to build on 2011 foundations, alternatives sought for Europe

        In a year that will be remembered for sovereign instability, market volatility and de-risking across financial institutions, the global CLO market has held its ground. Deals have performed well, forced sales have been minimal and spread widening has...


  • News

    • Structured Finance
      • SCI Start the Week - 19 December

        A look at the major activity in structured finance over the past seven days

        PipelineThree new deals remained in the pipeline at the end of last week, all of them from Europe. They comprise an RMBS (€90m AyT Celeris Hipotecario I) and two SME CLOs (€1.2bn BBVA Empresas 6 and Geldilux TS 2011). PricingsA...

    • CMBS
      • Innkeepers portfolio modified

        The modification and assumption of the Innkeepers portfolio securitised in LBUBS 2007-C6 and LBUBS 2007-C7 has been completed (SCI passim), according to the December remittance reports. As a result of the modification, the US$825.4m loan was written...

    • RMBS
      • Updated HARP 2.0 guidelines released

        Fannie Mae has released updated guidelines for HARP. Most of the changes were previously announced, but the removal of the 'borrower ability to pay' clause was not expected and could have a significant impact. Loans delivered to Fannie Mae must mee...


  • Job Swaps

    • ABS
      • ED counsel appointed

        Morrison & Foerster has been appointed as legal counsel for the European DataWarehouse (ED)....

      • Fixed income role created

        BlackRock has hired Jeffrey Rosenberg as md and chief investment strategist for fixed income. It is...

    • Structured Finance
      • Advisory duo hired

        Duff & Phelps has made two hires at its Chicago office. Brian Weber and Aaron Roberts both j...

      • CMO trader moves again

        Peter Ma has joined Guggenheim Partners as md and head of agency collateralised mortgage obligations...

      • KBCM expands MBS team

        KeyBanc Capital Markets has made two additions to its fixed income team to expand its MBS capabiliti...


  • News Round-up

      • MBIA Insurance on review

        Moody's has downgraded to Baa2, from Baa1, the insurance financial strength (IFS) rating of National...

    • CDS
      • AMR Corp results in

        The final price of the AMR Corporation CDS auction, held yesterday (15 December), was determined to...

      • NRAM credit event called

        ISDA's EMEA Credit Derivatives Determinations Committee has resolved that a restructuring credit eve...

      • RFC issued on OTC UPI

        ISDA has published its draft taxonomies for credit, interest rate, commodity, fx and equity derivati...

    • CLOs
      • CLO sale agreed

        The receivers (Deloitte) of Clio European CLO have entered into a sale agreement, pursuant to which...

      • US CLO review completed

        Moody's has completed its review of all US CLOs previously placed on review for possible upgrade on...



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