Weekly Issue Archive »

Issue 401 - 27th August

• Market Reports

  • ABS

    • Auto ABS widening underlined

      US ABS bid-list supply rose to around US$95m yesterday, with a block of auto floorplan bonds making up about half of the volume. Auto loan tranches accounted for the majority of the remaining BWIC items and reflected the recent spread widening seen i...

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• News

  • Structured Finance

    • SFR securitisations surveyed

      Five firms have so far completed eight transactions for US$4.4bn in the single-family rental (SFR) securitisation market's first year. Growth in the sector is slowing, however, as the stock of distressed properties lessens and foreclosure timelines i...

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• Job Swaps

  • ABS

    • Auto ABS issuer fined

      The Consumer Financial Protection Bureau (CFPB) has taken action against First Investors Financial S...

  • Structured Finance

    • European operations spun off

      Institutional Financial Markets Inc (IFMI) is to sell its European operations for approximately US$8...

  • • Credit vet recruited

      Hermes Fund Managers has appointed Zoë Shaw as head of fixed income, reporting to ceo Saker...

  • • CIFC names new director

      CIFC Corp has appointed Jeffrey Serota to its Board of Directors. He was previously a senior partner...

  • CLOs

    • Originator fund uses over-allotment

      Blackstone/GSO Loan Financing (BGLF) has raised an additional €40.7m through the issue of...

  • RMBS

    • BofA consumer relief outlined

      Further information has emerged on the US$7bn consumer relief portion of Bank of America's recent RM...

  • • FHFA agrees sixteenth settlement

      The FHFA has reached a settlement with Goldman Sachs, related companies and certain named individual...

  • • Record settlement agreed

      Bank of America has reached a comprehensive settlement with the US Department of Justice, certain fe...

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• News Round-up

  • ABS

    • Impact of Argentinean default weighed

      Argentina's sovereign default increases the likelihood of rising inflation and falling employment an...

  • • RFC issued on venture debt ABS

      Moody's is seeking feedback on its proposed approach to rating venture debt-backed ABS. The agency e...

  • • Stable default rates for Japanese auto ABS

      Japanese auto loan ABS default rates are more stable than those for US prime auto loan ABS, accordin...

  • Structured Finance

    • Sunshine Act meeting scheduled

      The US SEC is set to hold an open meeting tomorrow (27 August) pursuant to the provisions of the Sun...

  • • Reg AB 2 concerns highlighted

      Lewtan has published the results of a survey of securitisation professionals that aims to understand...

  • • Low Euro default rates continue

      The credit performance of European structured finance transactions continues to be resilient. Only 1...

  • • BWIC 'interface' launched

      DealVector has launched a central repository for daily BWIC information, which aims to improve liqui...

  • • VM timing issues highlighted

      ISDA has sent a letter to the Basel Committee and IOSCO regarding timing issues for margin rules for...

  • • RFC issued on debt fund approach

      Scope Ratings is requesting comments on its recently-published debt fund rating methodology, which e...

  • CDS

    • New Definitions protocol launched

      ISDA has launched the ISDA 2014 Credit Derivatives Definitions Protocol as part of the implementatio...

  • • Argentine auction rescheduled

      The auction to settle credit derivative trades for Argentine Republic CDS is to be held on 3 Septemb...

  • CMBS

    • Staples exposure 'fairly limited'

      Staples confirmed in its 2Q14 earnings results that it expects to close approximately 140 stores in...

  • • Minimal impact from Napa earthquake

      Barclays Capital CMBS analysts estimate that US$620m of US CMBS loan allocated balance is located ar...

  • Risk Management

    • SEF recordkeeping relief issued

      The US CFTC has issued a no-action letter providing swap execution facilities (SEFs) time-limited co...

  • RMBS

    • Chinese RMBS 'benchmark' welcomed

      Postal Savings Bank of China's recent RMBS (SCI 31 July) establishes an important benchmark for the...

  • • Competitive environment driving Mexican prepays

      Fitch reports that declining interest rates for mortgage products, the halt of new housing construct...

  • • Aussie non-conforming credit quality compared

      Moody's reports that the underwriting standards and overall quality of borrowers in Australian non-c...

  • • RMBS 2.0 deals to withstand quake losses

      The earthquake that struck Napa County will not have any material impact on the ratings of RMBS 2.0...

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