Weekly Issue Archive »

Issue 319 - 16th January

  • Market Reports

    • CLOs

      • Low DMs for Euro CLOs

        The European secondary CLO sector was quick to spring to life at the start of the year, but now appears to have levelled off somewhat. One trader reports that it remains a buyer's market. "There was a significant acceleration to begin 2013...

    • RMBS

      • Subprime spike for RMBS

        While the US ABS and CMBS secondary markets are in hiatus, RMBS supply actually rose yesterday, thanks to a spike in subprime bid-lists. Interactive Data figures put non-agency BWIC volume at US$885m for the session. The subprime space was characte...

      • RMBS BWIC volume gains ground

        US RMBS secondary supply continues to climb. Agency volume rose sharply yesterday, while non-agency - although down on the previous session - was considerably higher than earlier in the year, at US$799m. US$17m of the Alt-A fixe...

  • News

    • Structured Finance

      • SCI Start the Week - 14 January

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

        PipelineNew deals have begun to be announced for the first part of the year, with seven transactions joining the pipeline last week. There was a mix between the different ABS sub-sectors, ILS, RMBS and CMBS. The ABS deals entering the pipeline comp...

    • CMBS

      • DRA/Colonial mod breaks new ground

        The US$742m DRA/Colonial Office Portfolio loan - split pari passu between the BSCMS 2007-PW17, BSCMS 2007-PW18 and MLMT 2007-C1 CMBS - has received an extension modification. The move is being hailed as a positive, given that sale...

      • B-note bother forecast

        Further details have emerged on the resolution of the 110 East 42nd Street loan, securitised in WBCMT 2007-C33, which had been modified via an A/B note split. At the loan's retirement, the B-note failed to recover any principal (see SCI's CMBS loan e...

    • RMBS

      • Mortgage rule, QM definitions released

        The Consumer Financial Protection Bureau (CFPB) has adopted a new rule to protect buyers from irresponsible mortgage lending. Clarification as to what will constitute a qualified mortgage (QM) has also been provided. The latest iteration of the rul...

      • Value seen in MBIA-wrapped bonds

        Absent a payout from Bank of America on alleged rep and warranty breaches or an increase in intercompany support facilities, it is unclear how MBIA will continue to pay claims on its structured finance exposures, suggest RMBS analysts at Barclays Cap...

  • Job Swaps

    • Insurance-linked securities

      • Cat bond trader recruited

        GC Securities has appointed a dedicated secondary cat bond and ILS trader in New York as it seeks to...

    • RMBS

  • News Round-up

    • Structured Finance
    • CDO

      • ABS CDO auction due

        An auction has been scheduled for Birch Real Estate CDO I, to be conducted on 23 January. The truste...

    • Risk Management

      • CCAR solution enhanced

        Moody's Analytics has enhanced its enterprise risk management platform, RiskFoundation, to help bank...

    • RMBS

      • AIG files ML2 suit

        AIG and some of its affiliates last week filed a complaint in New York State Supreme Court seeking a...

      • Loan-level data disclosed

        Fannie Mae has begun releasing monthly loan-level disclosure data for its single-family MBS as part...


Print this issue Click here to access this issue in print format

×