Issue 482 - 1st April
-
News Analysis
- CMBS
-
Trust issues
Redwood exit signals CMBS origination pull-back
The US CMBS market has encountered a rocky start to 2016, with new issue pricing spreads performing unpredictably. A number of other concerns have cast doubt over profitability on the origination side, prompting suggestions that lenders may slowly th...
-
- CMBS
-
SCIWire
- Secondary markets
-
Euro secondary returns
After a quiet few sessions surrounding the long weekend the European securitisation secondary market...
-
-
-
US CLOs busy
Supply keeps on coming in the US CLO secondary market. "It's very busy day today, which is a funct...
-
-
-
Euro secondary stifled
Sentiment continues to be strong across the European securitisation market but technicals are stifli...
-
-
-
US CLOs still strong
The US CLO secondary market looks like it is set for a quieter day today, but sentiment is still str...
-
- Secondary markets
-
News
- ABS
-
CHAI print points to value
In its latest monthly update, PeerIQ suggests that the recent CHAI 2016-PM1 print illustrates the thawing that has occurred in the US securitisation market over the last month. Spreads across the transaction's capital structure are almost double thos...
-
- Structured Finance
-
Data firms diversify
Orchard has revealed that it has applied for a broker-dealer license, indicating a change of tack for the data and analytics firm. The company believes it is the next natural step in its role as a neutral facilitator of marketplace lending investment...
-
- CDS
-
Antitrust objections filed
A number of potential claimants in the CDS antitrust lawsuit have filed objections to the preliminary settlement order (SCI 2 October 2015). MF Global Capital, for one, argues that the distribution plan: defines 'covered notional' in a uniform way...
-
- CMBS
-
CMBS 2.0 delinquencies spike
US$152m of US CMBS 2.0 collateral across 17 loans became newly delinquent in March, including six loans secured by properties located in oil boom regions, marking the largest one-month increase in delinquencies since November 2012. A total of 59 loan...
-
- ABS
-
Job Swaps
- Structured Finance
-
Business litigation team boosted
Morrison Cohen has hired Jason Gottlieb as partner in its business litigation department. He joins f...
-
-
-
Goldberg bolsters commercial practice
Goldberg Segalla has brought in Louis Russo as partner and a member of its business and commercial p...
-
-
-
Rating agency adds sales chief
Scope Ratings has appointed Sven Janssen to the newly-created role of chief sales and marketing offi...
-
-
-
Debt purchaser expands
Arrow Global Group has agreed terms for the acquisition of InVesting, a consumer debt purchaser and...
-
- CDS
-
ISDA DCs updated
ISDA has undertaken its annual change in composition of its five regional Determination Committees (...
-
- CMBS
-
CMBS lender beefs up
Mitch Resnick is set to join Walker & Dunlop Commercial Property Funding, Walker & D...
-
- Insurance-linked securities
-
PartnerRe names chairman, ceo
John Elkann has been appointed as chairman of PartnerRe's board of directors, while Emmanuel Clarke&...
-
-
-
Artex makes another acquisition
Artex Risk Solutions has strengthened its ILS capabilities further by acquiring Hexagon Insurance an...
-
-
-
Everest names risk head
Everest Re Group has tapped Michael Kerner as its new evp and head of strategy and risk management....
-
-
-
ILS lawyer added in NY
Winston & Strawn has appointed Keith Andruschak to its corporate practice in New York as a p...
-
- Risk Management
-
ESMA fines trade repository
ESMA has fined DTCC Derivatives Repository (DDRL) €64,000 for negligently failing to imple...
-
- Structured Finance
-
News Round-up
- ABS
-
Chinese ABS expansion 'to continue'
China's securitisation market will continue to grow this year, albeit at a slower pace than in 2015,...
-
-
-
GE balloon risk ups volatility
Significant exposure to balloon loans across GE small-business loan ABS deals is unique among major...
-
-
-
Auto ABS ratings 'stable'
Fitch says that growing credit enhancement and robust loss protection should help US auto lease ABS...
-
- Structured Finance
-
IRB variation proposals set out
The Basel Committee has opened up a consultation on new proposals to reduce the variation and comple...
-
-
-
Japanese rating upgrades increase
The upgrade rate for Japanese structured finance securities rose in 2015, notes S&P. S&a...
-
-
-
Repo clearing blockchain considered
The DTCC has teamed up with Digital Asset Holdings to develop a distributed ledger solution which wo...
-
-
-
Green bond evaluation service starts
Moody's has launched a new green bond assessment (GBA) evaluation and research service. The GBA serv...
-
-
-
SME instrument introduced
The European Commission, European Investment Fund (EIF) and European Investment Bank (EIB) have laun...
-
-
-
Wolters enhances mortgage capabilities
Wolters Kluwer is set to add digital transaction management firm eOriginal's eVaulting and eClosing...
-
- CLOs
-
CLO equity portions evaluated
Additional expected defaults within US CLOs this year is prompting bondholders to direct greater foc...
-
-
-
QCLO bill positives underlined
The Barr-Scott bill could pose indirect positive effects on the US CLO and leveraged loan markets by...
-
- CMBS
-
REO holds foretell CMBS losses
Longer REO asset hold times could signal higher US CMBS losses, says Fitch. The average length of ti...
-
-
-
Auction success for CGCMT 2007-C6
Six REO CMBS assets with a combined unpaid balance of US$55.4m, accounting for 2% of the CGCMT 2007-...
-
-
-
Liquidations down, severities up
Trepp reports that 36 US CMBS loans totalling US$435.9m were liquidated in March, down from US$567m...
-
- NPLs
-
GACS debutant in the pipeline
Banca Popolare di Bari is set to become the first bank to launch a non-performing loan (NPL) securit...
-
- Risk Management
-
SEC derivative rules criticised
The US SEC's proposals to cap the portfolio limits for derivatives by registered funds could harm a...
-
-
-
Buy-side access model launched
Eurex Clearing is set to launch a new access model which will allow buy-side players to have a direc...
-
- RMBS
-
AMI outlines TRID grievances
The Association of Mortgage Investors (AMI) has sent a letter to the CFPB outlining a number of conc...
-
-
-
Countrywide trustee plan 'ratings neutral'
There will be no negative impact on ratings for Countrywide RMBS from a change of custodial file ven...
-
-
-
GSE merger proposed
A paper written by key architects of the Obama administration's housing policy has been released out...
-
-
-
Credit Suisse settles RMBS charges
The NCUA has achieved its latest settlement from a series of cases surrounding faulty pre-c...
-
-
-
RMBS rating changes proposed
DBRS is requesting comments on its proposed European RMBS insight model and rating methodology. The...
-
-
-
Whole loans offloaded
Rabobank has sold a €1bn portion - representing 0.5% - of its mortgage portfolio...
-
-
-
QM RMBS loan criteria updated
Fitch has updated its criteria for analysing loans securing US RMBS under the ability-to-repay (ATR)...
-
- ABS
![]() ![]() ![]() ![]() ![]() |