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The issue of how long the statute of limitations runs and when the statute clock starts on representations and warranties provisions in RMBS is under active litigation and adds another layer of risk that investors must consider.
May 24 -
Allianz completed a $175 million catastrophe bond providing reinsurance against North American windstorms and earthquakes.
May 24 -
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On Tuesday, the European Banking Authority (EBA) published a consultation paper would seem to threaten the recent revival of the European CLO market.
May 23 -
Barclays has appointed Adam Yarnold head of US securitized products trading, according to a person familiar with the situation.
May 23 -
J.P. Morgan plans to issue its second RMBS deal of 2013, the $442.4 million Mortgage Trust 2013-2.
May 23 -
Freddie Mac will begin securitizing modified single-family loans, according to the government-sponsored enterprise.
May 23 -
Credipar, a subsidiary of Banque PSA Finance, plans to issue the first investor-placed French auto ABS of the year, the €470 million AUTO ABS FCT Compartiment 2013-2.
May 23 -
Citibank plans to issue a follow up to its early May issue according to a deal prospectus filed with US Securities and Exchange Commission yesterday.
May 23 -
Ally Financial agreed to pay $2.1 billion to unsecured creditors of its bankrupt mortgage unit, Residential Capital, including securitization trusts.
May 23
