Optimism among market participants regarding CLO issuance in 2012 appears to have increased in the past few weeks.
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State Street Global Markets' Investor Confidence Index(ICI) for March 2012 showed that the outlook of both American and European institutional investors improved.
March 27 -
The CRE Finance Council Europe and Ernst & Young released a joint European commercial real estate lending tax guide.
March 27 -
Nomura Securities analysts said that since the start of 2012, they have seen an issuance surge in equipment ABS sector with roughly $3.7 billion issuance across five deals versus $1.65 billion issued in the first three months of last year.
March 26 -
It is hard to deny Richard Cordray's hiring to run the Consumer Financial Protection Bureau (CFPB) nearly four months ago is a flash point in continuing debates over regulatory appointments and implementing the Dodd-Frank Act.
March 26 -
Analytics provider CoreLogic has a new service to assist originators identify potential loans that can fall under the Home Affordable Refinance Program 2.0 (HARP 2.0).
March 26
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Volumes for non-investment grade bonds steadily increased throughout 1Q12, with three spikes happening on Jan. 19th, Feb. 8 and 28 that coincided with the dates of the New York Federal Reserve’s Maiden Lane II sales, according to Bank of America Merrill Lynch data.
March 26 -
HSBC's residential lending and servicing business continues to be under what the bank calls a “strategic review,” leaving its mortgage workers in limbo.Servicing advisors say the bank has considered selling its Depew, N.Y., servicing platform and its roughly $42 billion of receivables, but hasn't liked the bids offered thus has far.
March 26 -
Swiss Re has done a $200 million 144A multi-peril natural catastrophe risk deal via Combine Re. This offering is the first catastrophe bond to combine the risks of two reinsured parties.
March 26 -
In a note released this morning, Standard & Poor's analysts said that without the potential regulatory hurdles, the conduit B-piece demand will be sufficient to support the estimated CMBS issuance this year.
March 26 -
New York's Suffolk County's tobacco ABS is in the market. The deal, worth $38.1 million, is called Suffolk Tobacco Asset Securitization Corp. Series 2012.
March 26 -
The CMBS market paralleled broader markets last week with buyers preparing for quarter end. The spreads were roughly unchanged week-over-week as trading volume slowed, according to Bank of America Merrill Lynch analysts.
March 26 -
Bankrupt bond insurer Ambac Financial Group had a net loss of $963 million in the fourth quarter of 2011.
March 26