Weekly Issue Archive »

Issue 474 - 5th February

  • SCIWire

    • Secondary markets

      • Euro secondary quiet

        Month-end made for a relatively quiet session on Friday for the European securitisation secondary ma...

      • Euro secondary still slow

        It continues to be a slow start to the month for the European securitisation secondary market. "It...

      • US CLOs see slight return

        The US CLO secondary market is seeing a slight return to life. "The market is picking up a bit and...

      • Euro ABS/MBS stifled

        The European ABS/MBS secondary market continues to be stifled by wider market weakness. Activity w...

      • Euro CLOs patchy

        The European CLO secondary market is currently experiencing patchy trading. "Overall, there's not...

      • Euro secondary difficult

        Wider market weakness continues to make life difficult in the European securitisation secondary mark...

      • US CLOs down but not out

        Despite the current downward trend in prices there are signs that US CLO secondary market is attempt...

      • Euro secondary varies

        Volumes continue to be light in the European securitisation secondary market with performance still...

  • News

    • Structured Finance

      • SCI Start the Week - 1 February

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

        Pipeline The pipeline was slightly quieter last week as fewer deals joined and fewer deals left. At the last count there were four new ABS, one new RMBS, three CMBS and a single CLO. The ABS were: US$112m Earnest Student Loan Program 2016-A; US$15...

    • CMBS

      • CMBS 2.0 delinquencies spike

        January saw the largest one-month rise in US CMBS 2.0 loan delinquencies ever, but the corresponding servicer commentary appears to be relatively benign, according to Morgan Stanley CMBS strategists. Among the new delinquencies, they highlight a 2014...

    • RMBS

      • Repo RMBS debuts

        Jefferies Funding is in the market with an RMBS backed by a one-year revolving warehouse facility guaranteed by Jefferies Group. The US$225m Station Place Securitization Trust 2016-1 transaction is structured with two legs of back-to-back repurchase...

      • Dispute resolution framework inked

        Fannie Mae and Freddie Mac have implemented a new independent dispute resolution (IDR) process for handling alleged loan-level breaches of selling representations or warranties that are unresolved after completing the GSE appeals process. The aim is...

  • Job Swaps

    • Structured Finance

      • Regulatory partner named

        Azad Ali has joined Fieldfisher's financial services regulatory practice as a partner. He was previo...

      • Pricing firm hires coo

        Solve Advisors has brought in Michael Pascuma as coo and head of business development. He j...

    • Insurance-linked securities

      • ILS manager promotes two

        Elementum Advisors has promoted Paul Barker and Chris Cebula as portfolio managers. Barker has also...

    • Risk Management

  • News Round-up

      • RV risk reconsidered

        When mitigating features are in place, some auto lease ABS with low residual value (RV) risk exposur...

    • Structured Finance

      • True lender status tested

        A recent US District Court for the Eastern District of Pennsylvania decision has highlighted once ag...

    • NPLs

      • Creval offloads NPLs

        Creval Group has agreed to sell a €314m securitisation of secured and unsecured NPLs to Cr...

      • MI analysis updated

        Morningstar Credit Ratings has published an updated methodology for US RMBS ratings, including an ex...


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