Weekly Issue Archive »

Issue 483 - 8th April

  • News Analysis

    • ABS

      • Reckless driving?

        Cracks appearing in subprime auto ABS

        Concern is mounting over rising US subprime auto ABS delinquencies. However, issuance in the sector remains vibrant and ratings are generally expected to remain stable to positive this year. Subprime auto ABS delinquencies hit their highest level s...

    • Structured Finance

      • Special forces

        ABS dealer tiering emerging via departures, specialisation

        Credit Suisse's recent decision to exit securitised trading in Europe highlights the reshaping of the ABS frontier that is underway across the region. Against the backdrop of regulatory pressures and capital constraints, many dealers are adopting a n...

  • SCIWire

    • Secondary markets

      • US CLO change ahead?

        The recent quiet period in the US CLO market could be about to change. "The lull is continuing for...

      • Euro secondary patchy

        There is something of a pick-up in the European securitisation secondary market but activity remains...

      • US CLOs stay strong

        The strong tone in the US CLO secondary market is showing no signs of diminishing. "The secondary...

  • News

    • Structured Finance

      • ABS platform to host loan auction

        Securitisation platform Ldger is set to host the first live auction of marketplace loans on 6 April. The auction will comprise of several Prosper whole loans with a total value of under US$500,000. Ldger believes that the marketplace lending indust...

      • SCI Start the Week - 4 April

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

        Pipeline The week following Easter marked a slow-down in the pace of deals joining the pipeline. At the last count there were six ABS and a single CMBS. US$1bn AmeriCredit Automobile Receivables Trust 2016-2, US$300m DT Auto Owner Trust 2016-2, &a...

      • STS alarm bells ring

        A list of potential pitfalls in the European Commission's STS framework has been published in a letter by 32 signatories, including some of the EU's largest banks. The signatories argue that the STS framework would not, in its current form, provide t...

    • NPLs

      • China NPL rules mooted

        Chinese authorities are pushing to incorporate NPLs as a fully-fledged product within the country's growing securitisation market. The National Association of Financial Market Institutional Investors (NAFMII) is leading the initiative with a new set...

    • RMBS

      • Granite resurfaces in unique RMBS

        Cerberus European Residential Holdings is bringing to market a deal which is essentially a refinancing of the Granite portfolio it bought late last year (SCI 13 November 2015). Towd Point Mortgage Funding 2016-GR1 is the largest new issue in...

  • Job Swaps

    • Structured Finance

      • SF pro joins Greenberg

        Greenberg Traurig has brought in a number of attorneys from DLA Piper, including structured finance...

    • CDS

      • CDS pro shifts law firms

        Mayer Brown has added Douglas Donahue as a partner in its New York Office. He will contribute to the...

  • News Round-up

    • Structured Finance

      • Brexit set to dampen CRE

        The UK's impending referendum on whether to remain in or exit the EU could dampen prospects for the...

    • CDO

      • Trups CDO cap introduced

        Fitch has updated its rating criteria for Trups CDOs with the introduction of a performing credit en...

    • CDS

      • Pacific CDS settled

        The final price of Pacific Exploration & Production Corp CDS has settled at 20 (SCI 24 March...

    • CMBS

      • CMBS default drop to stop

        US CMBS loan defaults fell again in 2015 but the trend is likely to stop this year, according to Fit...

      • Delinquencies inch up

        The US CMBS delinquency rate stood at 4.22% in March, an increase of 7bp from February, according to...

      • CMBS pay-offs jump

        The percentage of US CMBS loans that paid off on their balloon date jumped last month to 75.3%, near...

      • Data tool expands to CMBS

        Actovia is branching out its data coverage to encompass the US CMBS market through a new tool. The t...

    • Insurance-linked securities

      • CVA consultation launched

        The EBA has launched a public consultation on draft amending regulatory technical standards (RTS) on...

      • California AG targets RMBS

        The California Attorney General Kamala Harris has filed a lawsuit against Morgan Stanley over RMBS t...


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