Weekly Issue Archive »

Issue 385 - 7th May

  • News Analysis

    • RMBS

      • Capital idea

        Housing finance solution debated

        A US senate markup hearing took place this week for the Crapo-Johnson bill (SCI 12 March), although it was recessed without a vote. Over 100 filed amendments await during a future markup, with the final treatment of the first-loss piece in single-fam...

  • Market Reports

    • CMBS

      • CMBS spreads stay steady

        US CMBS BWIC supply was over US$200m yesterday as spreads stayed mostly unchanged. CMBS 2.0 and 3.0 single-A rated securities tightened in slightly. Much of the bid-list supply consisted of agency paper, with SCI's PriceABS data recording a number...

    • RMBS

      • RMBS supply ticks up

        US non-agency RMBS bid-list volume was moderate again yesterday at a little under US$500m. Supply was dominated by adjustable rate and subprime bonds, while derivatives supply was non-existent. SCI's PriceABS data captured a number of tranches out...

      • Euro eyes on French RMBS

        The European RMBS market is currently abuzz with interest in an upcoming French deal. Meanwhile, secondary market spreads continue to grind tighter as activity levels remain restricted. The long-awaited deal from Credit Foncier de France –...

  • News

    • CMBS

      • Coterminous lease issues eyed

        Coterminous leases could be problematic for 2005-2007 vintage US CMBS loans that are scheduled to mature in 2015-2017. Loans with coterminous leases have typically experienced lower refinancing rates, according to a recent Barclays Capital analysis. ...

    • RMBS

      • FHFA pay-out ratios discussed

        Fourteen large banks that sold private label MBS to Fannie Mae and Freddie Mac have now settled with the FHFA (SCI passim). A loss analysis undertaken by Deutsche Bank RMBS strategists suggests that Bank of America reached the most favourable agreeme...

  • Job Swaps

      • Credit unit leader named

        United First Partners has appointed Pascal Marionneau as global head of its credit solutions busines...

    • Risk Management

      • Processing JV progressing

        Euroclear and the DTCC are finalising negotiations to establish a joint venture to deliver a collate...

    • RMBS

  • News Round-up

    • ABS
    • Structured Finance

      • Pricing partnership formed

        SCI has launched a partnership with Intex to provide INTEXcalc users with free trial access to SCI P...

    • CDO

      • RFC issued on Trups CDOs

        Moody's is seeking comments on proposed updates to its rating approach for Trups CDOs. If adopted, t...

      • CFO update finalised

        Moody's has published an update to the methodology it uses to rate transactions backed by hedge fund...

    • CDS

      • EFH credit event called

        ISDA's Americas Credit Derivatives Determinations Committee has resolved that a bankruptcy credit ev...

      • Liquidation volumes drop

        US CMBS liquidation volumes reached US$844.16m in April, less than half of March's US$1.95bn, accord...

    • Insurance-linked securities

      • Jumbo cat bond priced

        Citi and Bank of America Merrill Lynch have closed the largest-ever catastrophe bond - the...

    • Risk Management

      • Trading platform launched

        SuperDerivatives has launched a multi-bank multi-asset trading platform. Called SDeX, the service al...


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