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Issue 342 - 26th June

  • Market Reports

    • Structured Finance

      • ABS fastest out of the blocks

        US ABS secondary volume has started the week strongly, helping to compensate for lower levels in non-agency RMBS. Supply on Monday was elevated across the credit card, auto loan and student loan sectors. Around US$350m of ABS bonds circulated on BW...

      • Secondary traders seek Spanish tranches

        There was a Spanish flavour to yesterday's European ABS secondary trading, with a number of auto bonds also showing up on BWICs. In addition, several Spanish RMBS tranches were available, as well as a long list of Granite bonds. SCI's PriceABS data...

  • News

    • Structured Finance

      • SCI Start the Week - 24 June

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

        PipelineA variety of deals were announced last week. Four ABS, two ILS, one WBS, one RMBS, one CMBS and one CLO joined the pipeline. The ABS comprised: €742.5m Driver Eleven; Ford Floorplan Auto Securitization Trust Series 2013-F1; US$304...

    • RMBS

      • MSR sale velocity examined

        Ocwen intends to purchase US$78bn in unpaid principal balance of OneWest Bank mortgage servicing rights and related servicing advances for US$2.53bn. The transaction is expected to close during the second half of this year. If completed, the purcha...

  • Job Swaps

    • Structured Finance

      • TFG shareholder files suit

        Omega Partners is suing the directors of Tetragon Financial Group (TFG) in connection with the Octob...

      • Trading vet moves on

        Southwest Securities has appointed George Smith as svp in its taxable fixed income division in New Y...

      • CMBS pro recruited

        Cantor Commercial Real Estate has appointed Faisal Ashraf as md and head of special situations as pa...

      • Manager promotes CRE pro

        CR Investment Management UK has named Richard Fine as md. He has also assumed responsibility for CR'...

      • FHFA complaint dismissed

        The New York Supreme Court has dismissed a FHFA complaint against UBS Real Estate Securities in conn...

  • News Round-up

    • Structured Finance

      • Margin activity surveyed

        ISDA has published the results from its 2013 Margin Survey. The study reveals that collateral in cir...

      • Derivatives notional up

        Insured US commercial banks and savings institutions reported trading revenue of US$7.5bn in 1Q13, u...

      • Aussie RMBS on review

        Moody's has published a secondary methodology describing its monitoring approach to assess tail risk...

      • Tail risk action underway

        Moody's has placed the ratings of 1079 tranches from 299 US RMBS shifting interest/pro-rata transact...


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