Issue 249 - 31st August
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News Analysis
- CMBS
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Come-back conditions
CMBS loan assumptions make a return post-crisis
CMBS loan assumptions are making a strong come-back in the US this year, after a hiatus in 2008-2009. However, the conditions that servicers typically place on assumptions appear to be more rigorous post-financial crisis. One noteworthy case from A...
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- CLOs
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Mixed bag
Volatility offers pros and cons for CLOs
The recent sell-off in US leveraged loans has enabled existing CLOs to purchase assets at a discount. However, the current spread environment is proving somewhat challenging for managers seeking to bring new issues. Charles Kobayashi, portfolio man...
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- CMBS
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Job Swaps
- ABS
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ABS analyst added
Scottish Widows Investment Partnership has appointed Sarah Wall as senior ABS investment analyst. Ba...
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ABS trader returns to BNPP
BNP Paribas has hired Bjoern Bauermeister as an ABS and MBS trader in London. He reports to Olivier...
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Structuring vet moves to SG
Tareck Safi has left his role at RBS, where he was head of secured asset solutions, and is set to jo...
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- CDS
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ISDA names deputy ceo
George Handjinicolaou has returned to ISDA as deputy ceo and head of ISDA Europe. He will be based i...
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- CLOs
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Patriot Capital duo find new home
JMP Group's alternative asset management arm Harvest Capital Strategies has formed Harvest Capital C...
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Dalradian CLOs acquired
Rothschild Credit Management, a 100% owned subsidiary of NM Rothschild & Sons, has acquired...
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- ABS
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News Round-up
- ABS
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Auto ABS performance set to slow
Marginally higher delinquencies and losses last month have done little to put the brakes on strong U...
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Auto ABS loss expectations lowered
Credit performance has remained strong across all types of US auto loan ABS since mid-2009, says Moo...
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Affirmations for some FFELP ABS
S&P has affirmed its ratings on 239 classes from 178 US FFELP student loan ABS deals and rem...
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- CDS
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Further Irish Life credit event called
ISDA's EMEA Credit Derivatives Determinations Committee has resolved that a restructuring credit eve...
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iTraxx rules amended
Markit has amended the rules governing its Markit iTraxx Europe family of credit default swap indice...
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- CLOs
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German SME performance diverges
Of the three German SME securitisation sub-segments, SME CDOs and mezzanine CDOs performed worse tha...
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SME CLO review completed
Fitch reports that the reviews of SME CLO transactions since its criteria update in June (SCI 7 June...
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- CMBS
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DQT up after two months of declines
The delinquency rate on loans in US CMBS conduit and fusion transactions rose by 22bp in July, remai...
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Recovery analytic values published
S&P has released the updated values for its CMBS recovery analytic. The move follows the Jun...
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Innkeepers initiates litigation
Innkeepers USA Trust and its affiliates yesterday announced that they have filed a complaint with th...
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More Aussie CMBS to emerge?
Since the yields of Australian RMBS have come off their post-crisis highs, Australian originators of...
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Fewer US CMBS loans coming due in 2012
2012 will see a sizeable drop in the number and volume of CMBS loans maturing from that seen this ye...
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- RMBS
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JHF RMBS hit
Moody's has downgraded the ratings on 40 tranches in 36 Japanese RMBS transactions and confirmed fiv...
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RMBS repurchase principles released
The American Securitization Forum (ASF) has released model RMBS repurchase principles for investigat...
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Countrywide interventions granted
The judge overseeing Bank of America's US$8.5bn Countrywide RMBS settlement last Friday granted perm...
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- ABS
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