Weekly Issue Archive »

Issue 295 - 25th July

  • News Analysis

    • Structured Finance
      • ABS expectations

        Quarterly review and outlook for European consumer/credit card ABS

        We asked Lloyds Bank, the winners of SCI's 2011 arranger award for European consumer/credit card ABS, its views on activity in Q2 and expectations for Q3 in the sector. Below are SCI's questions and the responses from Robert Plehn, md, head of asset...

    • RMBS
      • Rental market

        REO-to-rent securitisation generates interest

        The US government is keen to find a way to unload the foreclosed REO properties currently owned by Fannie Mae and other GSEs. REO-to-rent securitisation could play a leading role in tackling the overhang. S&P estimates that around 500,000 p...

  • Market Reports

    • RMBS
      • Summer slowdown for Euro RMBS

        The European RMBS market is still searching for a spark, but has continued ticking along regardless. Primary issuance has not dried up completely, although the secondary market is slow. "In the primary market the biggest talking point has been Lana...

      • Secondary RMBS supply spikes

        US prime hybrid and alt-A hybrid RMBS secondary supply spiked yesterday, coming in at nearly quadruple the prior session's total. Interactive Data figures suggest that overall non-agency RMBS BWIC volumes hit an eye-watering US$2.72bn on the day, dri...

  • News

    • Structured Finance
      • SCI Start the Week - 23 July

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

        Pipeline Last week saw a great number of deals join the pipeline and price by Friday, but four transactions remained come the end of the week. These included a €1.08bn auto lease ABS (Auto ABS FCT Compartiment 2012-1), an ARS110m consumer...

    • CMBS
      • MPG Q2 highlights reviewed

        Maguire Properties has released its second-quarter results, shedding light on a number of CMBS properties sponsored by the company. Among the results' highlights is Maguire's confirmation that it has agreed with the special servicer to keep title o...

  • The Structured Credit Interview

    • Structured Finance
      • Identifying asymmetries

        Charlotte Valeur Adu, chair of Brevan Howard Credit Catalysts Limited, answers SCI's questions

        Q: When and why did Brevan Howard launch a listed credit fund? A: The Brevan Howard Credit Catalysts listed fund began trading on the London Stock Exchange on 14 December 2010 and now has US$172m assets under management. The listed fund, in turn, in...

  • Job Swaps

    • Structured Finance
      • Katten adds SF partner

        Stanford Renas has joined Katten Muchin Rosenman as structured finance and securitisation partner. H...

    • CDO
      • Mizuho settles CDO charge

        The US SEC has charged Mizuho Securities USA and three former employees with misleading CDO investor...

    • CMBS
      • CRE expansion continues

        Walker & Dunlop has hired Michael Lee and Matthew Lund, who will each be based in a newly-op...

  • News Round-up

      • Mezz ABS fund minted

        Prytania Investment Advisors has launched the Galene Fund, an actively managed fund focusing on inve...

    • Structured Finance
      • ML3 results in

        Credit Suisse has emerged as the successful bidder on four of the Maiden Lane III tranches auctioned...

      • Six more CDOs sold

        Credit Suisse has emerged as the successful bidder on two CDO tranches offered in the latest Maiden...

    • CDS
      • ICE to clear EM CDS

        ICE Clear Credit has launched real-time, trade-date clearing of the Markit CDX.EM index for buy-side...

      • Italian CMBS hit

        Moody's has downgraded the ratings of 12 notes from five CMBS exposed to assets located in Italy. Th...

      • PPIF winding down

        Western Asset Management Company has begun winding down its legacy securities PPIF, pursuant to an a...

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