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Euro ABS activity encouraging
The seasonal summer slowdown has not yet set in for the European ABS market. While the seco...
Market Reports 11 July 2014 -
Secondary ABS supply picks up
US ABS bid-list volume was up yesterday to more than US$230m, with SCI's PriceABS data revealing sev...
Market Reports 10 July 2014 -
Secondary RMBS supply rises sharply
A couple of sizable US non-agency RMBS bid-lists helped bring secondary market activity up sharply y...
Market Reports 9 July 2014 -
Covenant waive requested
Further details have emerged about the delay in Hertz's 1Q14 Form 10-Q filing (SCI 4 July). Due to a...
News Round-up 8 July 2014 -
Location boosts CRE performance
Over 26,000 loans collateralising US conduit CMBS deals issued since 2005 - representing U...
News 7 July 2014 -
Further settlement deadline extended
The trustees for the RMBS that fall under Citibank's US$1.125bn rep and warranty settlement have exe...
News Round-up 7 July 2014 -
HUD auction sees three firsts
Lone Star on 11 June became the first single bidder to win each of the pools offered in a HUD single...
News Round-up 4 July 2014 -
Clean-up call candidates identified
The ECB's TLTRO operation entitles banks to initially borrow up to €400bn for four years a...
News 4 July 2014 -
Recoveries surprise to the upside
MSAC 2006-HE3 and SVHE 2006-WF1 bondholders last month received significant pay-outs related to subs...
News Round-up 4 July 2014 -
Pricing in prepayment protection
Tightening loan margins and note spreads have increased the likelihood of European CMBS 2.0 prepayme...
News 4 July 2014 -
Hertz delay to trigger lease EOD?
The Hertz Corporation has delayed filing its 1Q14 10-Q financial statement, triggering a potential l...
News Round-up 4 July 2014 -
Maturity repayment index inches up
Fitch reports that six of the 10 EMEA CMBS loans maturing in 3Q14 have a Fitch loan-to-value ratio a...
News Round-up 3 July 2014 -
Auction.com sales continue apace
US$477m in US CMBS loan allocated balance is slated for sale on Auction.com in July and early August...
News Round-up 3 July 2014 -
GSE risk-sharing delinquencies 'immaterial'
One year after GSE risk-sharing RMBS deals were introduced to the market, delinquencies and defaults...
News Round-up 2 July 2014 -
CDO auction due
An auction will be held for Trainer Wortham First Republic CBO IV on 23 July. The collateral shall o...
News Round-up 2 July 2014 -
CMBS liquidations drop
The volume of US CMBS loan liquidations dropped to US$932.03m in June from US$1.02bn in May, accordi...
News Round-up 2 July 2014