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Secondary CLOs are all talk
After a difficult June for the secondary US CLO sector, this month has begun with a couple of covers...
Market Reports 9 July 2013 -
Prepays set to move sharply lower
Total FNCL pay-downs fell by 9% month-on-month in June to US$40.5bn at 24.6 CPR, according to Barcla...
News 9 July 2013 -
Social housing arrears jump on 'bedroom tax'
The UK National Housing Federation has published a report showing the impact of the government's con...
News Round-up 8 July 2013 -
Government-sponsored exits?
GSE sell-offs raise questions about future
Fannie Mae and Freddie Mac are in the process of moving around US$60bn in guaranteed mortgages over...
News Analysis 8 July 2013 -
No holiday for Euro RMBS
Although secondary markets on either side of the Atlantic were quiet yesterday, some activity was ob...
Market Reports 5 July 2013 -
Repeat Bankia tender under way
Bankia has announced a tender offer for 17 senior Spanish RMBS tranches - across 12 2004-2...
News Round-up 5 July 2013 -
Dawning realisation
Forbearance losses stack up on transferred MSRs
The large losses realised by Ocwen on loans previously serviced by Homeward Residential (AHM) came a...
News Analysis 5 July 2013 -
Europe reacts to unusual RMBS, ABS deals
It has been an interesting couple of weeks in European RMBS and ABS, with noteworthy primary issuanc...
Market Reports 4 July 2013 -
Benchmarking style
CLO analytics approaches discussed
Representatives from Moody's Analytics and ING Investment Management discussed how to leverage the l...
Talking Point 3 July 2013 -
Further CDO sale due
The second auction of the year for Trainer Wortham First Republic CBO IV has been scheduled for 23 J...
News Round-up 3 July 2013 -
Secondary CMBS market not shut yet
The quarter began quietly enough for the US CMBS sector, although secondary activity did pick up yes...
Market Reports 3 July 2013 -
CLO BWIC participation broadening
Recent BWIC activity suggests that real money investors upped their share of secondary US CLO buying...
News 3 July 2013 -
Data centre enhanced
Morningstar has been selected to provide financial data, technology and design for the re-launch of...
News Round-up 2 July 2013 -
Subprime survives trading drop-off
It was a quiet start to the holiday week in the US as the market moves into the third quarter. Non-a...
Market Reports 2 July 2013 -
Reconciliation transfer concerns raised
Some US RMBS servicers are shifting custodial account reconciliation items to their internal corpora...
News Round-up 1 July 2013 -
CDO auctions scheduled
Auctions for Belle Haven ABS CDO, Longport Funding II and Libertas Preferred Funding I are scheduled...
News Round-up 1 July 2013