Issue 432 - 10th April
-
SCIWire
- Secondary markets
-
Quiet start for European secondary
It looks set to be a reasonably quiet start for European secondary securitisation markets after the...
-
-
-
Slow supply for US CLOs
The US CLO secondary market is currently experiencing a drop in activity. "It's relatively slow ri...
-
-
-
Euro secondary slowly picking up
As expected yesterday was quiet in the European secondary securitisation markets, but there are sign...
-
-
-
US CMBS shifts longer
The US non-agency CMBS secondary market is quiet this week so far, but is still seeing a sh...
-
-
-
Euro ABS/MBS ploughs its own furrow
Amid the broader credit market rally the European ABS/MBS market is ploughing its own furro...
-
-
-
Euro CLO demand surges
Off-BWIC activity in the European CLO secondary market has surged. "Demand has been and continues...
-
-
-
US RMBS on hold
The US non-agency RMBS secondary market appears to be on hold for now and hoping for a pick-up in ac...
-
-
-
Euro secondary flow holds sway
The European secondary securitisation market is currently focused on flow trading. Securitisation...
-
-
-
Slow end for US CLOs
Today looks set to be a slow end to a slow week for the US CLO secondary market. "It's been a slow...
-
- Secondary markets
-
News
- CLOs
-
Bouncing back
The US CLO equity market is rebounding from a spate of volatility. Regulatory changes are squeezing out short-term players, while reduced issuance has helped improve loan pricing and structuring. David Wishnow, a principal at Tetragon, says that th...
-
- CMBS
-
CMBS market cuts froth
Despite accelerating last month, US CMBS 2.0 B-piece BWIC volumes remain significantly lower than they were this time last year. As demand remains high, this change of pace appears to reflect the secondary market becoming more negotiated. Morgan St...
-
- CLOs
-
Job Swaps
- Structured Finance
-
Premium recruits for multifamily push
Premium Point Investments has hired Stephen Jones as md to lead its investments in multifamily oppor...
-
-
-
Corporate strategy head named
Julian Weldon has joined CIFC as head of corporate strategy. In this newly-created role, Weldon will...
-
-
-
Investment manager brought onboard
HAS Capital has hired Christopher Trifilio as md of investment management. In this newly created pos...
-
-
-
Loan subsidiary launched
TIAA-CREF has launched Churchill Asset Management, a new majority-owned subsidiary focused on origin...
-
-
-
GE divestment inked
Blackstone and Wells Fargo have agreed to purchase most of the assets of GE Capital Real Estate in a...
-
- CMBS
-
Work-out pro moves
Pepper UK has hired Alison Higgs as head of commercial loan servicing. She arrives from Irish Bank R...
-
- RMBS
-
MBS legal vet poached
Lender Service Provider has hired Sonny Abassi as chief compliance officer. In this role, he will pr...
-
- Structured Finance
-
News Round-up
- ABS
-
Hertz deadline extended
Hertz last month disclosed that it received a notice from the NYSE regarding its failure to timely f...
-
- Structured Finance
-
Spanish SME performance improving
Spanish SME loan performance is improving upon a better economic outlook, less exposure to real esta...
-
-
-
Originator 'loophole' eyed
The Bank of England and the ECB have expressed concern over a "loophole" in the originator definitio...
-
-
-
Steady performance predicted for Japan
In its baseline scenario, S&P assumes that Japan's economy will stage a soft recovery in 201...
-
- CMBS
-
Mall loss severities pose risk
Moody's says that legacy US CMBS continue to face credit risk based on regional mall loan loss sever...
-
-
-
Property prices, dept capital aligning
US commercial property price changes have closely lined up with changes in CRE debt capital flows, r...
-
-
-
Seritage spin-off prepped
Sears has filed an S-11 Registration for Seritage Growth Properties, its REIT spin-off (SCI 4 March)...
-
-
-
Post-crisis performance issues highlighted
US$1.9bn of post-crisis CMBS loans were newly watchlisted in March, according to Barclays Capital fi...
-
-
-
Single-borrower issuance rising
S&P says that US single-borrower CMBS issuance volumes have been rising over the past few ye...
-
-
-
CMBS delinquencies dip
US CMBS delinquencies fell by 4bp in March to 4.73% from 4.77% a month earlier, according to Fitch's...
-
-
-
CMBS liquidations stay low
For the second consecutive month, Trepp reports that US CMBS liquidation volume was below US$1bn in...
-
-
-
Special servicing universe shrinking
The US CMBS special servicing universe continues to shrink, dropping to levels not seen since 2010,...
-
- NPLs
-
FNMA NPLs marketed
Fannie Mae is marketing its first bulk-sale of non-performing loans, featuring an overall pool of ap...
-
- Risk Management
-
Senior debt tool launched
Incol has launched a new analytics tool that is designed to allow issuers and investors to assess op...
-
- RMBS
-
Servicing advance rates increasing
US RMBS servicing advance rates increased slightly in 4Q14, according to Fitch's latest index result...
-
-
-
Transaction manager oversight 'credit positive'
Oversight of private-label RMBS by a transaction manager improves transaction governance, which is a...
-
-
-
Actual loss STACR prepped
Freddie Mac intends to pre-market its inaugural actual loss STACR offering, STACR 2015-DNA1, beginni...
-
-
-
RMBS upgraded on Radian merger
S&P has raised its ratings to double-A on 14 classes of mortgage pass-through certificates f...
-
- ABS
![]() ![]() ![]() ![]() ![]() |