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The Securities and Exchange Commission's (SEC) proposal of Oct. 13 to require issuers to review the underlying assets in their ABS should create a much more uniform set of review standards - to the benefit of investors. However, it could significantly alter, perhaps to the ABS market's detriment, how the reviews are performed.
November 1 -
The so-called foreclosure scandal has grabbed headlines over the past month. ASR's November issue looks beyond the mainstream coverage to its effect on bondholders.
November 1 -
The Federal Deposit Insurance Corp. (FDIC) recently finalized its Safe Harbor that protects the assets that are transferred to bank-sponsored securitization vehicles from a financial institution's FDIC receivership.
November 1 -
Standard & Poor’s predicts that the volume of outstanding structured finance securities in the U.S. as a percentage of GDP will fall to the 23%-25% range by the end of 2011, the weighting it had in 2003-2004.
October 28 -
More details on the structural terms of the upcoming sizable CMBS deal from Extended Stay were revealed this week.
October 27 -
Federal Deposit Insurance Corp. (FDIC) Chairman Sheila Bair became the first regulator to publicly shoulder some of the blame for foreclosure problems at several servicers, saying the agencies should have seen it coming.
October 26 -
Citigroup Chief Executive Vikram Pandit offered up a scathing review Monday of Basel III, saying the new rules do nothing to reduce pro-cyclicality or to level the playing field among different countries and differently regulated financial institutions.
October 26 -
The Public-Private Investment Program (PPIP) for legacy assets latest quarterly report showed that $7.4 billion was raised and matched by the Treasury.
October 22 -
Cumulative defaults for fixed-rate U.S. CMBS rose significantly by112 basis points to 10.6% through the end of 3Q10, Fitch Ratings reported in its latest U.S. CMBS newsletter.
October 22 -
On behalf of commercial banks, insurance companies and mortgage servicers, loan sale advisor DebtX plans to sell $1.1 billion in commercial real estate and residential loans in 10 separate transactions through early December.
October 21
