Weekly Issue Archive »

Issue 461 - 30th October

  • SCIWire

    • Secondary markets

      • Euro patterns persist

        The trading patterns seen over the past week or so in the European securitisation secondary market l...

      • Euro secondary edges up

        Activity and some prices are edging up in the European securitisation secondary market, but trading...

      • US CLOs lagging

        The US CLO secondary market is lagging behind the rally being seen in broader markets. "Equities a...

      • Euro secondary pauses

        The nascent revival in the European securitisation secondary market has come to a halt once again. ...

      • Euro secondary stays slow

        The European securitisation secondary market saw another slow session yesterday, but tone continues...

      • US RMBS held

        US non-agency RMBS secondary spreads are being held at or around recent wides by a range of external...

      • Euro secondary mixed

        The European securitisation secondary market continues to experience mixed fortunes, though tone con...

  • News

    • ABS

      • Navient lays out FFELP recommendations

        Navient has released repayment data on FFELP student loans, as well as a comment letter to Moody's regarding its ratings on ABS backed by such assets. The letter includes a number of recommendations, including Navient's belief that voluntary prepayme...

      • Pubco performance 'under-appreciated'

        While S&P has affirmed Punch Taverns' ratings and revised its liquidity outlook from less than adequate up to adequate, the rating agency's use of its corporate methodology rather than corporate securitisation remains wrong, suggests Barclays...

    • Structured Finance

      • SCI Start the Week - 26 October

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

        Pipeline It was an active week for the pipeline, with many deals coming and going. At the week's end four new ABS, three RMBS and three CMBS remained. CARDS II Trust Series 2015-3, US$750m Fifth Third Auto Trust 2015-1, US$450m Flagship Credit Aut...

    • CMBS

      • Concerns rise for recent CMBS

        October remittance indicates that US$2.3bn of US CMBS 2.0 loans were newly watchlisted, including a concerning number of recent-vintage loans. The 2015 vintage accounted for almost US$200m of these watchlistings, which is the highest amount yet for t...

      • CMBS loan repeat use to grow

        Over US$17bn of loans from prior securitisations has returned to US CMBS in the form of acquisition and refinance loans so far in 2015. Repeat borrowers are running at around 36% of total 2015 conduit issuance, although the figure is expecte...

      • Drug store deal CMBS impact weighed

        Walgreens Boots Alliance is set to acquire Rite Aid for US$17.2bn, in a move which will impact almost US$10bn of CMBS conduit loans. There is slightly more 'high risk' exposure in legacy CMBS than in 2.0 deals. Morgan Stanley analysts note that the...

  • Job Swaps

    • Structured Finance

      • SF head restored

        William Moretti has been appointed md and head of MetLife's structured finance group for the second...

      • ABS analyst brought in

        Craig Branca has joined CoreLogic as vp, strategic accounts. The securitisation data analyst moves f...

      • Underwriting duo poached

        Kirk Meyers and Randy Newman have joined Wells Fargo's securitisation underwriting team. Both are wo...

      • Moody's taps MBS reporter

        Moody's has hired Jody Shenn as an analyst for its RMBS and ABS services. He was most recently a mor...

      • SF team bolstered

        Ashurst has recruited partners Scott Pierpont and Lee Ann Anderson to its structured finance team, b...

    • CLOs

      • CRE CLO initiative set up

        CRE lender Hunt Mortgage Group has hired Amy Shah to help launch and build a CLO platform for the fi...

    • Risk Management

      • ICE set to buy data giant

        ICE is set to acquire Interactive Data Corporation in a US$5.2bn deal from Silver Lake and Warburg P...

  • News Round-up

    • Structured Finance

      • APAC ratings 'stable'

        Fitch affirmed a total of 133 APAC structured finance tranches in 3Q15. No ratings...

    • CDO

      • Trups upgrades to 'temper'

        Fitch suggests that the rate of future upgrades for US bank Trups CDOs could temper due to slowing b...

      • RMBS servicers 'improving'

        US RMBS servicers are showing improvements in managing challenged portfolios amid difficult circumst...

      • Largest ACIS yet inked

        Freddie Mac has obtained its largest insurance policy to date under its ACIS programme. The transact...

      • Novel RMBS marketing

        TSB Bank has begun roadshowing its debut UK prime RMBS. Duncan Funding 2015-1 will not be i...


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