Weekly Issue Archive »

Issue 232 - 4th May

• Market Reports

  • CMBS

    • US CMBS market regains energy

      The secondary US CMBS market has seen a marked improvement over the last week. Bid-list activity appears to have regained its buoyancy and spreads are generally on a tightening trend. The tightening trend of the last week has been most pronounced o...

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• News

  • CMBS

    • Unique CMBS auction approaches

      One of the largest ever US CMBS note auctions is due - via the auction.com platform - in mid-May. Around US$700m of notes is to be offered in a sale that is expected to include several unique aspects. The auction will consist of...

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• Job Swaps

  • ABS

    • Bank adds client solutions head

      RBS has appointed Brice Van Elswyk as head of client solutions for insurers in North America in its...

  • • Barclays buys back Protium assets

      Barclays has purchased the outstanding financial interests in Protium Finance, the fund through whic...

  • CDS

    • Senior CDS trader recruited

      Peter Ragosa has joined Deutsche Bank's investment grade credit trading group in North America as a...

  • • Minority credit fund acquisition agreed

      Asset Management Finance (AMF) has acquired a passive minority equity interest in Lucidus Capital Pa...

  • CMBS

    • Borrower advocate adds md

      Jeff Spelman has joined 1st Service Solutions as md, responsible for developing capital sources with...

  • • Real estate md named

      Jefferies has appointed Michael Old as md in its real estate investment banking group, based in Lond...

  • RMBS

    • Aston/DoubleLine fund prepped

      Aston Asset Management and DoubleLine Capital have partnered up to offer the Aston/DoubleLine Opport...

  • • Partnership strengthens MBS risk analytics

      Clayton Holdings has partnered with MBSData to provide new loan-level data risk identification analy...

  • • RMBS vet moves on

      Integrated Asset Services has appointed Paul Sveen as ceo. He will address the systemic challenges f...

  • • Distressed investment pro hired

      400 Capital Management has appointed Todd Leih as a partner and senior member of its portfolio manag...

  • • Investor relations svp named

      CMG Mortgage has appointed Todd Hempstead as svp in its investor relations department. Hempstead has...

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• News Round-up

  • ABS

    • Auto ANLs at five-year lows

      Still-rising gas prices, as well as vehicle and parts supply shortages are having little impact so f...

  • • Ratings reference removal mooted

      The US SEC is to propose amendments that would remove references to credit ratings in several rules...

  • • ABS data warehouse RFI planned

      The Market Group, formed to oversee the tender process and select a constructor of the European ABS...

  • CDO

    • Trups CDO deferrals resume climb

      Deferrals experienced a greater increase this month, while two new bank closures also led to a sligh...

  • • ABS CDO liquidation scheduled

      The trustee of the Ridgeway Court Funding II ABS CDO has retained Dock Street Capital Management to...

  • CDS

    • EC opens two CDS antitrust probes

      The European Commission has opened two antitrust investigations into the CDS market, the first of wh...

  • • Valuation issues 'not yet fully addressed'

      Xenomorph has released a white paper outlining how trading and risk management decisions and valuati...

  • • CDS clearing connectivity offered

      IntercontinentalExchange's ICE Link platform is set to offer connectivity to CME Clearing for CDS cl...

  • • Legal entity identifier requirements released

      A coalition of financial-services trade associations have released requirements for establishing a l...

  • • Offsetting exposure draft analysed

      ISDA has filed a comment letter with FASB and IASB in response to their exposure draft on the offset...

  • CMBS

    • CMBS 2.0 leverage likely to rise

      The credit quality of CMBS issued post-recession has been strong, says Moody's. However, as the cred...

  • • Euro CMBS maturity repayment falls

      Fitch reports that the low repayment rate of loans maturing in April 2011 caused its European CMBS M...

  • • CMBS loan liquidations creep up

      Almost US$1.25bn of US CMBS conduit loans experienced losses in April, according to Trepp's latest l...

  • • CMBS next up for ECB loan-by-loan info

      The European Central Bank (ECB) has announced that it intends to extend its loan-by-loan information...

  • • FDIC CMBS closes

      FDIC has closed its CMBS backed by US$394.3m of performing commercial and multi-family mortgages fro...

  • • Synthetic CMBS workouts examined

      The conflicts of interest between lenders and noteholders in synthetic European CMBS structures may...

  • Regulation

    • Swap definitions proposed

      The US SEC has voted unanimously to propose rules further defining the terms 'swap', 'security-based...

  • RMBS

    • Agency MBS fails charge proposed

      The US Fed's Treasury Market Practices Group (TMPG) has proposed fails charge recommendations for th...

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