http://www.structuredcreditinvestor.com RSS news feed from Structured Credit Investor Corinne.smith@structuredcreditinvestor.com (Corinne smith) en-gb Corinne.smith@structuredcreditinvestor.com (Corinne smith) &Copyright © SCI 2006 Thu, 17 May 2012 00:00:00 GMTThu, 17 May 2012 00:00:00 GMT http://www.structuredcreditinvestor.com/images/logo_sci_big.gif http://www.structuredcreditinvestor.com http://www.structuredcreditinvestor.com/Story.asp?PUB=250&ISS=22605&SID=34009 Deutsche Bank CRE debt analysts suggest that the recent modification of the Glenborough Portfolio loan, securitised in COMM 2007-FL14, may be "one of the more questionable modifications to date". They indicate that the modification affords the borrow... Thu, 17 May 2012 00:00:00 GMT http://www.structuredcreditinvestor.com/Story.asp?PUB=250&ISS=22605&SID=34009 http://www.structuredcreditinvestor.com/Story.asp?PUB=250&ISS=22605&SID=34008 The International Organization of Securities Commissions (IOSCO) has appointed Masamichi Kono as chairman of its new board. He will hold the post until March 2013 before being replaced by Greg Medcraft. Kono is vice commissioner for internal affairs... Thu, 17 May 2012 00:00:00 GMT http://www.structuredcreditinvestor.com/Story.asp?PUB=250&ISS=22605&SID=34008 http://www.structuredcreditinvestor.com/Story.asp?PUB=250&ISS=22605&SID=34007 The European CLO market is alive with BWICs, but buyers and sellers are struggling to meet in the middle. While mezzanine bonds – in particular – appear attractive, ongoing eurozone concerns are weighing heavily on participants' minds. "T... Thu, 17 May 2012 00:00:00 GMT http://www.structuredcreditinvestor.com/Story.asp?PUB=250&ISS=22605&SID=34007 http://www.structuredcreditinvestor.com/Story.asp?PUB=250&ISS=22605&SID=34006 Deutsche Annington appears to be making progress in respect of its restructuring proposal for the GRAND CMBS, with an announcement expected by the end of 3Q12. It is now almost a year since discussions with noteholders commenced (SCI 30 June 2011). D... Thu, 17 May 2012 00:00:00 GMT http://www.structuredcreditinvestor.com/Story.asp?PUB=250&ISS=22605&SID=34006 http://www.structuredcreditinvestor.com/Story.asp?PUB=250&ISS=22605&SID=34005 Numerix has released Numerix LiquidAsset 2.0, which it describes as a rapidly deployable solution to price the most common set of liquid OTC derivatives. Built on Numerix CrossAsset, LiquidAsset is available on the desktop through Microsoft Excel or... Thu, 17 May 2012 00:00:00 GMT http://www.structuredcreditinvestor.com/Story.asp?PUB=250&ISS=22605&SID=34005 http://www.structuredcreditinvestor.com/Story.asp?PUB=250&ISS=22605&SID=34004 The Senate Insurance and Investigations & Government Operations Committees are considering conducting an inquiry and holding hearings related to MBIA Insurance Corp's 2009 restructuring that was approved by the former New York State Insurance Dep... Thu, 17 May 2012 00:00:00 GMT http://www.structuredcreditinvestor.com/Story.asp?PUB=250&ISS=22605&SID=34004 http://www.structuredcreditinvestor.com/Story.asp?PUB=250&ISS=22605&SID=34003 Declan Tiernan has joined Oak Hill Advisors as client coverage md. He is based in London and will be primarily responsible for managing investor relationships in Europe and the Middle East. Tiernan joins from UBS, where he was head of alternative fun... Thu, 17 May 2012 00:00:00 GMT http://www.structuredcreditinvestor.com/Story.asp?PUB=250&ISS=22605&SID=34003 http://www.structuredcreditinvestor.com/Story.asp?PUB=250&ISS=22604&SID=33984 Rescap's Chapter 11 filing (SCI 14 May) is being seen as an overall positive for holders of MBS issued by Rescap entities. MBS analysts at Barclays Capital note that the sale of the Rescap mortgage servicing rights to Fortress means bondholders are h... Tue, 15 May 2012 00:00:00 GMT http://www.structuredcreditinvestor.com/Story.asp?PUB=250&ISS=22604&SID=33984 http://www.structuredcreditinvestor.com/Story.asp?PUB=250&ISS=22604&SID=33974 Euro ABS bolstered by UK building societies Mon, 14 May 2012 00:00:00 GMT http://www.structuredcreditinvestor.com/Story.asp?PUB=250&ISS=22604&SID=33974 http://www.structuredcreditinvestor.com/Story.asp?PUB=250&ISS=22604&SID=33971 A look at the major activity in structured finance over the past seven days Mon, 14 May 2012 00:00:00 GMT http://www.structuredcreditinvestor.com/Story.asp?PUB=250&ISS=22604&SID=33971 http://www.structuredcreditinvestor.com/Story.asp?PUB=250&ISS=22604&SID=33960 Bradford & Bingley's Aire Valley UK RMBS master trust has breached its non-asset trigger, after the collateral balance fell below the £10.7bn minimum. Secondary market liquidity for the paper is consequently expected to rise, as repayme... Fri, 11 May 2012 00:00:00 GMT http://www.structuredcreditinvestor.com/Story.asp?PUB=250&ISS=22604&SID=33960 http://www.structuredcreditinvestor.com/Story.asp?PUB=250&ISS=22604&SID=33954 US house prices are expected to remain around current levels for the remainder of this year and begin rising slowly during 2013 and 2014. However, credit risk will remain elevated even for seasoned loans, with borrower equity the key determinant in t... Thu, 10 May 2012 00:00:00 GMT http://www.structuredcreditinvestor.com/Story.asp?PUB=250&ISS=22604&SID=33954 http://www.structuredcreditinvestor.com/Story.asp?PUB=250&ISS=22604&SID=33949 SCI has today launched a BWIC service covering auctions in Europe and the US for the four main structured finance asset classes – ABS, CDOs/CLOs, CMBS and RMBS. The platform has been updated on a daily basis with BWIC prices/covers representing... Thu, 10 May 2012 00:00:00 GMT http://www.structuredcreditinvestor.com/Story.asp?PUB=250&ISS=22604&SID=33949