A round up of this week's structured credit news

Slower remittance deterioration, but increased apathy?Analysts report a moderating trend in the July...

Accounting advantages spur REITs to buy back CDOs

Mortgage REIT Gramercy Capital has bought back US$37.8m of CRE CDO bonds that it had previously issu...

Write-down to serve as benchmark for other banks and monolines

Merrill Lynch surprised the market this week when it jettisoned the majority of its ABS CDO exposure...

Tranched CDS capital charges under Basel 2 analysed

The incentives for hedging different parts of the capital structure under the Basel 1 and Basel 2 fr...

The latest company and people moves

Global head on the movePaul Horvath is understood to be leaving Merrill Lynch, where he is global he...

Structured finance analysts at JPMorgan find that systemic bank failures and/or low recoveries may t...

IndyMac Bancorp, the seventh largest mortgage originator in the US, was seized on 11 July by FDIC; t...

A round up of this week's structured credit news

Loan refi concerns emerge Consolidation among CLO managers (see also separate news story), together...

CRD changes criticised

The EC's proposed changes to the originate-to-distribute (OTD) model under the Capital Requirements...

Different jurisdictions offer CDO investors procedural advantages

As the number of CDO-related claims being filed increases, a new trend whereby a prosecuting party c...

Valuation issues highlighted by 'dreadful outcome' of SIV auction

Poorer than anticipated results from the auction of SIV Portfolio (Cheyne Finance) left few market p...

The latest company and people moves

Illiquid credit head leaves DBAntonio di Flumeri, global head of illiquid credit at Deutsche Bank in...

The latest company and people moves

Broker takes on HY CDS traderBrian Murphy has joined the New York office of Phoenix Partners Group,...

A round-up of this week's structured credit news

Schuldscheine debut HVB is marketing Geldilux TS-2008, the fourth CLO under its Euroloan programme....

Esoteric deals take advantage of repo facility

A European CDO backed by US dollar-denominated student loan ABS received a triple-A rating from Mood...

Dollar price set to take precedence over discount margin

The current discount margin of around 200bp over Libor is assumed by many to be an attractive level...

Issuance set to move into new asset classes as economic concerns mount

An uptick in interest in the re-REMIC space has resulted in a three-fold increase in the number of s...