Weekly Issue Archive »

Issue 635 - 29th March

  • News Analysis

    • RMBS
      • Opening the box

        Non-QM sector continues to evolve

        The non-qualified mortgage RMBS sector has expanded faster than the other US RMBS sectors over the last few years. At the same time, as more issuers have tapped the market, a broader representation of borrowers along the credit spectrum has emerged. ...

    • Structured Finance
      • Symbiotic relationship?

        Marketplace lending enters the mainstream

        The online lending sector has become mainstream, forcing marketplace platforms to better differentiate the experience they offer to borrowers. At the same time, the entrance of new players – such as Goldman Sachs’ Marcus offering...

      • 'Constant demand'

        UK firms hiring across range of SF roles

        Hiring in the UK structured finance space has been buoyant in the last 12 months, with recruitment across a range of roles and asset classes. While there has been a slight slowdown in the first quarter of this year, hiring is expected to pick up afte...

  • Market Reports

    • Structured Finance
      • Picking up pace

        European ABS market update

        European ABS secondary market activity has been relatively subdued so far this week. However, the primary market appears to be picking up pace, with a pair of CMBS in focus and a new UK RMBS mandated. “Given the lack of new issuance this...

  • News

    • Structured Finance
      • SCI Start the Week - 25 March

        A review of securitisation activity over the past seven days

        NPL seminar Early-bird registration for SCI's 2nd NPL Securitisation Seminar on 13 May is now open. Hosted by Orrick in Milan, the event will cover the Italian guarantee scheme, regulations, deal performance, servicing strategies, new entrants and i...

      • STS firm announces debut deal

        Transaction marks second deal to receive STS label

        Prime Collateralised Securities (PCS) has announced its inaugural transaction to be verified as STS-compliant by the firm, marking the second European securitisation to receive the STS label. The transaction, dubbed Storm 2019-1, is a &e...

      • Noteholders exposed?

        Concerns raised over recent French CMBS

        Bank of America Merrill Lynch (BAML) is marketing a €249.6m European CMBS. Dubbed Taurus 2019-1 FR, it is backed by 206 predominantly office properties located throughout France, let by Electricite de France (EDF). The transaction has been...

  • Market Moves

    • Advisory
      • Irish BTL RMBS launched

        Company hires and sector developments

        Irish BTL RMBS launched Bank of Ireland has mandated a new Irish buy-to-let RMBS deal. Dubbed Mulcair Securities, the €358m transaction securitises a legacy BTL loan portfolio that was originated by the Bank of Ireland, ICS Buildi...

    • Structured Finance
      • Granite refinancing

        Sector developments and company hires

        Europe Muzinich & Co has hired Laurence Kubli as structured credit specialist with immediate effect. Based in Zurich, Laurence will focus on creating the firm’s first structured credit strategies in this newly-created role. Lauren...

      • Credit platform nabs investment vet

        Company hires and sector developments

        Credit platform nabs investment vet B Riley Capital Management has named Tim Gramatovich as cio of its newly established credit platform, Gateway Credit Partners. The team will focus on identifying and acquiring undervalued securities in the non-in...

      • CRT credit event

        Company hires and sector developments

        CRT credit event HSBC’s Metrix series 2015-1 CLN has suffered another credit event. The issuer received a credit event notice confirming that a bankruptcy credit event occurred on 15 March with respect to a reference entity that is believ...

      • CEO appointed

        Sector developments and company hires

        CEO appointed Curtis Arledge has joined Mariner Investment Group as chairman and ceo. In addition to his role at Mariner, Arledge will serve as head of Mariner subsidiary, ORIX USA asset management, responsible for driving the company’s o...

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