Weekly Issue Archive »

Issue 296 - 1st August

  • News Analysis

    • Structured Finance

      • Not so good

        2Q12 leaves SF recruiters unsatisfied

        While the first quarter of the year exceeded the expectations of structured finance recruiters, the second definitely did not. Hiring activity has been slow and inconsistent, which is how it looks set to stay for the foreseeable future. "There was...

  • Market Reports

    • Structured Finance

      • Euro ABS treading water

        The summer was expected to be quiet for European ABS and that is how it has proved so far. The last week has not seen a lot of activity, although that is not down to a lack of potential buyers. "There is a lot of buying interest in the market right...

    • CMBS

      • New CMBS trade

        US CMBS spreads ground tighter yesterday, ending a three-day period of widening. The benchmark GSMS 2007-GG10 A4 tranche outperformed the broader market, according to Trepp, finishing at 230bp - 10bp tighter than at Tuesday's close. Bid-l...

    • RMBS

      • Secondary RMBS still strong

        The strong supply seen in secondary US RMBS continues, with prime hybrid, Alt-A hybrid and option ARM bonds well represented in yesterday's bid-lists. It has been a week of elevated BWIC activity for ARM paper in particular, with Interactive Data fig...

  • News

    • Structured Finance

      • SCI Start the Week - 30 July

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

        PipelineOne new deal remained in the pipeline at the end of last week. It is an auto ABS: the ZAR891m Torque Securitisation. PricingsThree auto ABS also priced last week, as well as a handful of student loan ABS and others. The auto deals were &...

    • CMBS

      • Beacon payout concerns highlighted

        Beacon Capital Partners is reportedly shopping five Seattle-area office buildings for around US$800m. The move has reignited concerns about the relatively low payout that CMBS investors have received from the collateral releases to date (SCI 4 Octobe...

    • RMBS

      • FHFA initiatives welcomed

        FHFA acting director Ed DeMarco has updated Senators Johnson and Shelby on various initiatives currently being pursued by the agency, two of which likely have near-term implications for MBS markets. First, gradual adjustments in the guarantee fee s...

  • Job Swaps

    • Structured Finance

      • Distressed EM head joins

        Julio Herrera has joined Oaktree Capital Group to manage a new emerging market opportunities investm...

    • CDO

      • Coast CDOs transferred

        Coast Asset Management has assigned the collateral management agreements for the Coast Investment Gr...

    • CDS
    • CLOs

      • Middle market group formed

        Babson Capital Management has set up a new middle market lending group in Chicago. Ian Fowler, Brian...

    • CMBS

      • New CMBS JV formed

        MC Asset Management Holdings and Five Mile Capital Partners are launching MC-FMC Commercial Real Est...

      • Cantor hires CMBS vet

        Kenneth Margala has joined Cantor Commercial Real Estate (CCRE) from UBS. He joins CCRE as director...

      • Knight hires CMBS pair

        Knight Capital Group has hired Robert Cestari and David Simek as CMBS mds. Cestari will serve as hea...

  • News Round-up

      • Auto losses hit new low

        Prime auto annualised net losses (ANL) dropped by 22% in June over May to a new record low of 0.14%,...

      • Nine more ML3 assets sold

        The results of the final Maiden Lane III CDO auction for July have been announced. The New York Fed...

      • FMI RFC issued

        The CPSS and IOSCO have published for public comment a consultative report on the recovery and resol...

      • CMBS loss severity dips

        US CMBS liquidation levels remained mostly unchanged last month, following a 19% drop in resolutions...

    • Risk Management

      • CVA platform launched

        Markit has launched a Basel 3-compliant solution integrating the management of CVA and internal mode...

    • RMBS

      • IO loan warning

        Low incentives for borrowers to refinance and rising risk aversion among mortgage lenders have contr...


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