Fitch Ratings announced on Wednesday that the $190mn StratReal Industrial Portfolio I in BACM 2007-1 entered special servicing after struggling with weak underlying performance for two years.

March 21
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  • European collateralized loan obligations issued pre-financial crisis are nearing the end of their reinvestment periods, yet the maturities of the loans that serve as collateral continue to shift further out into the future.

    May 29
  • ABS

    The latest generation of European CLOs may expose investors to a risk that didn’t exist in most collateralized loan obligations issued before the financial crisis: fluctuations in foreign exchange rates.

    May 29
  • ABS

    The Structured Finance Industry Group’s first executive director hails from an issuer.

    May 29
  • In late April, the Turkish Catastrophe Insurance Pool (TCIP) issued its first catastrophe bond; conditions it would seem are ripe for other emerging markets to follow suit.

    May 29
  • Europe

    With Global ABS around the corner, it’s only fitting that we turn our attention to Europe.

    May 29
  • The commercial mortgage-backed securities market’s near miraculous turn around and the bonds’ plunging spreads, as well as indications of deteriorating credit quality, suggest buyers should beware.

    May 29
  • A bipartisan group of senators led by Sen. Bob Corker, R-Tenn., is drafting legislation designed to reform the housing finance system, including a plan to wind down the government-sponsored enterprises.

    May 29