In the first quarter of 2013, rising house prices and relatively low interest rates helped improve the outlook for the riskiest tranches of residential mortgage-backed securities, according to CoreLogic’s bond tracker.
-
ACIS Capital Management is prepping a $849.43 million collateralized loan obligation, according to a presale report from Standard & Poor’s.
October 2 -
Barclays plans to market the first deal issued this year from the bank’s credit card securitization trust called Dryrock.
October 1 -
Through bitter experience, bond purchasers learned about the moral hazard embedded in private RMBS and their grossly inadequate legal protections.
October 1 -
investors must be cautious about privately issued securities in a post-GSE era where the underlying loans are subjected to a particular lender’s underwriting and sourcing processes.
October 1 -
A mortality bond from SCOR Global Life had a low attachment point, which is the threshold at which investors start incurring losses. That could attract more issuers.
October 1
- Europe
A nascent private bond market in France is expected to grow significantly over the next two years, and could ultimately take market share in Europe from U.S. banks and investors.
October 1 -
Collateralized loan obligation managers and arrangers have long argued that they should not be subject to the requirements to retain “skin in the game” of these deals. CLOs, which are backed by below investment grade corporate loans, didn’t contribute to the financial crisis, the argument goes, and they shouldn’t have to pay the price for it.
October 1 -
What's keeping private-label RMBS investors up at night, and what could attract more capital, setting the stage for a broader recovery.
October 1 -
Regulators have granted collateralized loan obligations an exception to risk retention rules, but it's a no-go
October 1 -
A nascent private bond market in France is expected to grow significantly over the next two years,
October 1 -
But a recent $180-million deal providing coverage for SCOR Global Life shows that bond investors are now willing to accept a lower attachment point
October 1 -
investors must be cautious about privately issued securities in a post-GSE era where the underlying loans are subjected to a particular lender’s underwriting and sourcing processes.
October 1