The non-agency CMBS market is an orphan of the storm

While a raft of measures to aid liquidity and forestall insolvency have been introduced by the US au...

Sector developments and company hires

Grandfathering for Dutch CLO issuers The Dutch tax authorities have provided written confirmation t...

Sector developments and company hires

GSE advancing obligations aligned The US FHFA has aligned Fannie Mae's and Freddie Mac&...

Willingness and ability to call weighed

The Covid-19 fall-out appears to have impacted both the willingness and the ability of some UK issue...

Building societies sensitive to lockdown

UK residential mortgage originations have decreased significantly due to the current social distanci...

A review of securitisation activity over the past seven days

Last week's stories Bilateral activity Opportunistic capital redeployment underway Coverage...

Sector developments and company hires

Interest rate mismatches eyed Moody’s suggests that loan repricing will increase interest...

Pre-2015 GSE deals could suffer losses

As the coronavirus spreads and servicers offer mortgage forbearance plans to struggling obligors, ce...

Sector developments and company hires

CMBS secured, unsecured sub debt weighed Senior US CMBS loans with unsecured subordinate debt (s...

Sector developments and company hires

Auto ABS rating withdrawn Fitch has withdrawn the expected ratings of Swiss Car ABS 2020-1 (SCI 9 A...

Liquidity constraints hit credit risk transfer

Acute losses have been suffered in the US credit risk transfer market over the last few weeks, as pr...

Sector developments and company hires

REMIC revenue procedure The US Internal Revenue Service has issued a revenue procedure that permits...

Sector developments and company hires

TALF 2.0 eligibility expanded The US Fed has expanded the range of assets that are eligible collate...

Sector developments and company hires

EIF calls for guarantee applications The European Commission has unlocked €1bn from the Eu...

Mortgage market advisers and consultants are struggling to find any models that work for the current...

“Our clients are modelling a range of scenarios but are preparing themselves for the worst...

Sector developments and company hires

CLO stress scenario updated Fitch is set to apply an updated stress scenario to all CLO portfolio...