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Issue 501 - 12th August

  • News

    • ABS

      • Money market tranches touted

        The basis between money market ABS tranches (MMABS) and corporate CP appears to be widening ahead of the implementation of money market reforms in the US in October. Against this backdrop, Wells Fargo structured product strategists believe that MMABS...

    • Structured Finance

      • SCI Start the Week - 8 August

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

        Pipeline A further 11 deals joined the pipeline last week. This was split into three ABS, three RMBS, four CMBS and a CLO. US$200m Avant Loans Funding Trust 2016-C, US$178.15m Foundation Finance Trust 2016-1 and US$785m Hyundai Auto Lease Securiti...

    • RMBS

      • Investors rally to Ocwen

        RMBS investors in deals serviced by Ocwen are holding meetings in the wake of the publication of an open letter from United Capital Markets ceo John Devaney to S&P. The letter and investors argue that Ocwen has outperformed its peers and that...

  • Talking Point

    • Structured Finance

      • Optimistic outlook

        Investors bullish on MPL, but changes needed

        Many interesting topics were raised about the current state and potential future of marketplace lending at SCI's Marketplace Lending and Securitisation Seminar in New York in June. During a panel on investor perspectives, several matters that concern...

  • Job Swaps

    • ABS

      • ABS syndicate head poached

        Mick Wiedrick is set to join BNP Paribas in October as head of ABS syndicate in New York. In the new...

    • Structured Finance

      • Treasury successor named

        John Frishkopf is set to retire from NewStar Financial next month, but will remain involved with the...

      • High yield team expanded

        Royal London Asset Management (RLAM) has expanded its global high yield team with four new hires&...

      • Permanent capital accessed

        HIG Capital has sold a minority stake to Dyal Capital Partners III, a permanent capital vehicle mana...

    • CDO

      • Third manager nominated

        A third collateral manager has been put forward to replace CWCapital Investments as manager of Grame...

    • Insurance-linked securities
    • Risk Management

      • SEF acquisition agreed

        Bats Global Markets is set to acquire swap execution facility Javelin SEF. The purchase is intended...

    • RMBS

      • MSR pro picked up

        Incenter has hired capital markets expert Al Qureshi as md, analytics, to build upon its existing mo...

      • MSR partnership inked

        New Residential Investment Corp and Walter Investment Management Corp have entered into a strategic...

  • News Round-up

    • Structured Finance

      • CDS portfolio switch

        Credit Suisse recently announced in its 2Q16 earnings that it offloaded a portfolio of approximately...

    • CLOs

      • Retail risks weighed

        Exposure to the retail sector poses idiosyncratic risk to US CLO performance rather than widespread...

    • CMBS

      • Euro default rate up

        The 12-month rolling loan maturity default rate for the European CMBS in S&P's rated univers...

      • Hotels raise CMBS concerns

        The days of strong RevPAR growth and occupancy rates are over for US hotels, says Fitch. This could...

      • Maturity wall diminishing

        Approximately US$23bn of Fitch's US CMBS fixed-rate loan universe is still scheduled to mature durin...

    • Insurance-linked securities

      • BPB deal rated

        Banca Popolare di Bari (BPB) has closed its much-anticipated NPL securitisation, becoming the first...

    • Risk Management

      • Basel 3 impact analysed

        The Global Financial Markets Association (GFMA) has released a new report on the interaction, cohere...

      • FNMA markets more NPLs

        Fannie Mae is marketing its latest batch of NPLs, including the fifth community impact pool that the...

      • CRT ratings upgraded

        Moody's has upgraded the ratings of 22 tranches from four credit risk transfer RMBS backed by confor...


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