Weekly Issue Archive »

Issue 460 - 23rd October

  • News Analysis

    • CMBS

      • Moving pieces

        CMBS spread widening spurs B-piece reassessment

        Widening US CMBS spreads have accompanied looming risk retention requirements in reshaping the investment landscape for CMBS B-piece buyers. While short-term investors could be pushed out of the space, single-asset/single-borrower (SASB) deals could...

  • SCIWire

    • Secondary markets

      • Euro secondary patchy

        Activity in the European securitisation secondary market remains patchy. Friday saw a slight dip i...

      • Euro secondary picking up?

        After a quiet start to the week, the European securitisation secondary market looks to be picking up...

      • US RMBS active

        Activity continues to be strong in the US non-agency RMBS secondary market. "It's been another bus...

      • Euro secondary solid

        The recent solid performance in the European securitisation secondary market is continuing. Yester...

  • News

    • ABS

      • ABS disclosure rules released

        The National Association of Financial Market Institutional Investors (NAFMII) has published a new set of rules on the issuance of ABS backed by consumer loans in China. The rules are the fourth set released by the regulatory organisation, following g...

    • Structured Finance

      • SCI Start the Week - 19 October

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

        Pipeline Activity picked up last week as several deals joined the pipeline. These deals consisted of eight ABS, four RMBS, three CMBS and a CLO. The ABS were: US$277m Ascentium Equipment Receivables 2015-2 Trust; BBVA Compass Auto Receivables Trus...

    • CMBS

      • Surprise StuyTown deal agreed

        The Stuyvesant Town/Peter Cooper Village apartment complex has been sold for US$5.3bn, despite an appraisal as recently as September of US$3.5bn. The timing of the deal also comes as a surprise, with CMBS payoffs possible as soon as the November remi...

    • RMBS

      • HAMP payment ramp begins

        In the more than six years that HAMP has been in effect, there have been eight million modifications. As a growing number of mods reach 60 months of performance, increased borrower payments are expected to increase the number of prepayments, delinque...

  • Job Swaps

    • Structured Finance

      • Deutsche reveals revamp

        Deutsche Bank is set to undertake a 'fundamental' reorganisation of its leadership structure,&nb...

      • DOJ lawyer moves on

        Geoffrey Graber has joined Cohen Milstein Sellers & Toll as a partner. He will be part of th...

      • Corporate head hired

        First Names Group has appointed Malcolm Macleod as head of corporate services in the Channel Islands...

      • Seeding agreement inked

        Investcorp has formed a strategic relationship through its seeding platform with Nut Tree Capital Ma...

      • Nuveen targets Europe

        Nuveen Investments has teamed up with TIAA-CREF Asset Management to provide three new UCITS funds to...

      • CLO expert recruited

        CIFC has brought in Robert Klein as senior portfolio manager and md in structured products, leading...

    • Insurance-linked securities

      • Actuary head added

        Horseshoe Group has appointed Kathy Garrigan as svp and head of actuarial services, responsible for...

    • Risk Management

      • Data service expanded

        SunGard has expanded its pricing and data services solution to include the entirety of Markit's fixe...

    • RMBS

      • Wachovia claims settled

        Wachovia has agreed to pay US$53m to resolve NCUA claims arising from losses related to purchases of...

      • Barclays settles with NCUA

        Barclays has agreed to pay US$325m to settle NCUA claims that it sold faulty RMBS. It is the latest...

  • News Round-up

    • ABS

      • Asian aircraft ABS debuts

        BOC Aviation has sold a portfolio of 24 aircraft to Shenton Aircraft Investment I, in what is believ...

    • CLOs

      • CLO default rise expected

        US CLO pool default rates are expected to rise at some point in 2016 or 2017, according to JPMorgan'...

    • Risk Management
    • RMBS

      • No sales for AOFM

        The AOFM will hold its seventh RMBS auction on 8 December, with results announced on the same day. S...

      • Smith files Ocwen update

        A report has been filed by the monitor of the US National Mortgage Settlement, Joseph Smith, reveali...


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