Weekly Issue Archive »

Issue 438 - 22nd May

  • News Analysis

    • ABS

      • Finding solutions

        Slowing SLABS payments prompts intervention

        Slower borrower pay-downs have increased the risk of default for a number of FFELP student loan ABS transactions. Bonds with shorter maturity dates are most vulnerable, prompting proposals to rescue these deals by re-accelerating payments. The perc...

  • SCIWire

    • Secondary markets

      • Euro ABS/MBS shows caution

        Some signs of caution are entering the European ABS/MBS secondary market, but it may not last. The...

      • US CLOs still going strong

        US CLO secondary market is still going strong with the BWIC pipeline growing and paper trading well....

      • US CMBS stays stable

        US non-agency CMBS secondary market levels are staying stable. Despite recent broader market volat...

      • Euro ABS/MBS BWIC spike

        After another relatively quiet day yesterday, the European ABS/MBS secondary market looks set for a...

      • US CLOs shift up

        The US CLO secondary market has shifted up a gear this week in terms of trading volumes and pricing...

      • Euro ABS/MBS holds up

        European ABS/MBS secondary spreads are mostly holding up despite a heavy BWIC calendar and a general...

      • Euro CLOs stay strong

        European CLO secondary spreads are remaining firm in the face of continuing heavy supply. "CLO sec...

      • US RMBS winds down

        The US non-agency RMBS secondary market is winding down ahead of the holiday weekend, but the week h...

      • Euro BWICs ease

        The BWIC-led week in European securitisation secondary markets is easing to a close today. BWICs d...

  • News

    • Structured Finance

      • SCI Start the Week - 18 May

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

        Pipeline It was another active week for the pipeline. At the final count there were 13 new ABS, one ILS, three RMBS, five CMBS and one CLO. The ABS were: US$500m Avis Budget Series 2015-2; C$479m BMW Canada Auto Trust 2015-1; £490m CPUK (...

  • Job Swaps

    • Structured Finance

      • Dubai SF platform set up

        SG has strengthened its presence in the Middle East by launching a new structured finance platform i...

      • Agency beefs up board

        Scope Ratings has expanded its executive board by appointing Stefan Bund. In his current role as chi...

      • Private debt pro moves

        Eiffel Investment Group has hired Mathias Choussy as part of its credit team. He arrives from Federi...

    • CDO

      • CDO manager takes over

        Vanderbilt Capital Advisors has resigned from its role as collateral manager for six transactions, w...

    • Insurance-linked securities
    • RMBS

  • News Round-up

      • CDQ activity picking up

        The Italian Cessione del Quinto (CDQ) market will remain active in 2015 based on cheap available fun...

    • Structured Finance

      • SSFA guidance released

        The US Fed has issued guidance indicating when a banking organisation that determines its risk-based...

    • CMBS

      • Auction listings up

        Auction.com and RealCapitalMarkets.com listings indicate that 84 properties with US$575m in balance...

      • Financing portal debuts

        Auction.com has introduced its CRE Financing Portal, which enables investors to apply for f...

    • Risk Management

      • UCITS changes suggested

        ESMA has published an opinion to the EU institutions on the impact of EMIR on UCITS. In the opinion,...

    • RMBS

      • Matching engine launched

        ICAP e-Commerce has launched a US agency securities matching engine, powered by the company's&nb...

      • TRID to raise loss risk?

        Moody's says that the risk of losses for RMBS trusts have been raised by the initial operational cha...

      • Ocwen downgrade eyed

        HSBC, as trustee to three Ocwen-serviced deals (RAMC 2005-4, RAMC 2006-1 and RAMC 2006-3), last week...

      • Ocwen sells agency MSRs

        JPMorgan has agreed to purchase the mortgage servicing rights from Ocwen for 266,000 high-q...


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