Weekly Issue Archive »

Issue 400 - 20th August

  • News Analysis

    • RMBS

      • Backing away

        Canadian government reducing RMBS role

        Private RMBS has traditionally only constituted a small part of Canadian residential mortgage funding. However, with the dominant government-backed RMBS programme being scaled back, the sector has room to grow. The majority of residential mortgage...

    • Structured Finance

      • Watching waterfalls

        Call for increased derivatives disclosure in securitisations

        A first step towards creating a safe and transparent ABS market in Europe, in line with recent ECB rhetoric, could be greater scrutiny of cashflow waterfalls. A list of items that securitisation issuers should disclose has been put forward to facilit...

  • News

    • Structured Finance

      • SCI Start the Week - 18 August

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

        PipelineOnly a handful of deals joined the pipeline last week amid the summer lull. Of these transactions, two were CMBS - US$355m BBCMS 2014-BXO and AYR Issuer. The other newly announced deals were US$285.69m Macquarie Equipment Funding Tr...

      • Servicer advances 'attractive' despite headline risk

        Ocwen and HLSS last week announced that they will restate their financial statements for 2013 and 1Q14 and delay filing their second-quarter 10-Qs until the revisions have been completed. The move is due to a change in how Ocwen accounts for the valu...

    • RMBS

      • Call likelihood gauged

        US RMBS clean-up call activity picked up in 2Q14, with 10 deals called during the period versus six in the previous quarter. Together with lower rates, one factor that may be contributing to the up-tick is rising prices for non-performing/re-performi...

      • Call for Fed MBS exclusion

        The US fixed income indices commonly used by money managers exclude Fed Treasury holdings when calculating their composition but include its RMBS holdings. However, money managers would likely be overweight MBS rather than underweight if the Fed's RM...

  • Job Swaps

    • ABS

      • Alta Group adds ABS pro

        The Alta Group has appointed Daryl Ching as md in Canada. He has more than 10 years of securitisatio...

    • Structured Finance

  • News Round-up

    • ABS

      • Auto lending examined

        In its Q2 report on household debt and credit, the New York Fed finds that housing-related debt shra...

    • Structured Finance

      • Trups CDO cures continue

        The number of US bank Trups CDO combined defaults and deferrals decreased to 22.7% at end-July, comp...

    • CDS

      • Solocal CDS settled

        The final price for Solocal Group (formerly known as PagesJaunes Group) LCDS was determined to be 88...

      • CMBS 2.0 loan prepays

        The US$19.5m Acropolis Gardens Realty Corp loan, securitised in WFRBS 2013-C15, has paid off with a...

      • CMBS resolutions hit lows

        US CMBS delinquencies were unchanged in July at 4.87%, bringing an end to 15 consecutive months of d...

      • RFC issued on RMBS update

        Moody's is requesting feedback on a proposed update to its approach to rating US prime RMBS. A new v...


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

×