Weekly Issue Archive »

Issue 439 - 29th May

• News Analysis

  • Structured Finance

    • Expanding horizons

      China seeking fresh growth opportunities

      The Chinese securitisation market continues to show promising signs of growth. The authorities are now exploring new ways to strengthen the market by involving foreign investment and reinvigorating secondary activity. Issuance in the Chinese securi...

  ---

• SCIWire

  • • Euro secondary subdued

      A distracted European securitisation secondary market looks to be closing the week in subdued manner...

  • Secondary markets

    • US CLOs tick over

      The US CLO secondary market continues to tick over into month-end. US CLOs have not seen the high...

  • • Euro secondary starts settled

      Last week ended quietly as anticipated for European secondary securitisation markets and, following...

  • • Slow return for US CLOs

      The US CLO secondary market is taking its time to return after the long weekend. The frantic activ...

  • • Euro secondary stays stable

      European securitisation secondary markets are staying stable despite the broader credit market weakn...

  • • US CLOs stay firm

      Despite a slower pace than recent weeks, US CLO secondary spreads are staying firm. "We started re...

  • • Euro ABS/MBS sees weak peripherals

      While broader markets have been boosted overnight by news on Greece, the European ABS/MBS secondary...

  • • More of the same for European CLOs

      The European CLO secondary market is continuing to see strong demand for paper. "This week is seei...

  • • Supply returns to US RMBS

      Pent up supply following the holiday weekend has burst on to the US RMBS secondary market. "It's a...

  ---

• News

  • RMBS

    • SFR market moves east

      While the single-family rental securitisation market continues to grow, the profile of the underlying properties is changing. Where earlier deals were overwhelmingly backed by properties from the western US, more recent deals contain heavier concentr...

  ---

• Job Swaps

  • Structured Finance

    • GSO co-founder steps down

      Doug Ostrover is stepping down as senior md of Blackstone and will become a senior adviser to the fi...

  • • Strategic partnership agreed

      Fortress Investment Group and Mount Kellett Capital Management have reached an agreement for an affi...

  • • FCA fines investment bosses

      The UK FCA has published notices setting out its decision to fine and prohibit thr...

  • CDS

    • Deutsche settles LSS charges

      The US SEC has charged Deutsche Bank with filing misstated financial reports during the financial cr...

  • CMBS

    • CMBS originations head named

      Wells Fargo has promoted Eric Gunderson to regional manager of US CMBS originations for the...

  • Insurance-linked securities

    • PartnerRe saga continues

      PartnerRe has responded to a letter from EXOR regarding its offer to acquire all of the outstanding...

  ---

• News Round-up

  • ABS

    • Aircraft debt methodology released

      Kroll Bond Rating Agency (KBRA) has released its methodology for rating enhanced equipment trust cer...

  • • Chinese ABS benefits anticipated

      Fitch suggests that the growth and development of China's ABS market should allow greater operationa...

  • • Residual value risk examined

      Moody's says that European auto ABS are increasingly exposed to residual value ris...

  • Structured Finance

    • Credit recovery initiative set up

      A corporate credit recovery (CCR) initiative funded by HIG Capital affiliate Bayside Capital plans t...

  • • ABS surveillance standard introduced

      Bishopsfield Capital has introduced a new standard for the surveillance of ABS investments in respon...

  • • Call for clarity on repo eligibility

      Another 31 Spanish prime RMBS and SME ABS bonds were dropped from the ECB's repo-eligible list (SCI...

  • CMBS

    • Corinthian Colleges exposure gauged

      Corinthian Colleges recently announced closures for the remainder of its 28 campuses (see SCI's CMBS...

  • • CMBS workouts exceed transfers

      Moody's reports that a total of 122 European CMBS loans were in special servicing at the end of Apri...

  • • Specially serviced loan values rising

      The average appraised value for specially serviced US CMBS loans has increased slightly by 1%, accor...

  • RMBS

    • Agency auction completed

      Freddie Mac has sold via auction 1,052 deeply delinquent Ocwen serviced NPLs from its mortgage inves...

  • • Reverse mortgage approach published

      Moody's has finalised its global rating methodology for rating reverse mortgage securitisations. The...

  • • Italian mortgage prepays rise

      Italian mortgages saw a sharp increase in annual prepayment rate to 3.2% in 1Q15 f...

  ---

Click here to access this issue in print format Contact