Securitization

Ongoing litigation may clarify on the responsibilities of trustees in residential mortgage backed securities, but market participants aren't waiting around to find out.

Roughly in step with other markets, structured finance pricing and issuance in June was governed by questions of how quickly the Federal Reserve would rein in its asset-buying spree.

Delayed draw features, which allow CLO managers to avoid paying noteholders until deals are invested, have gained momentum.

Credit Suisse issuing $407.123 million residental mortgage-backed securitization. Standard and Poor's assigned ratings to the deal called CSMC Trust 2013-IVR4.

The Structured Finance Industry Group (SFIG) has hired Falcon Capital Advisors and Boulder Advisors to help it attract new members and pursue its legislative agenda.

A policy fight is threatening the recovery of collateralized loan obligations [CLOs] in Europe.

Could higher yields end up deepening the investor base for asset-backeds?

Shellpoint Partners LLC, the home lender founded by mortgage-bond pioneer Lewis Ranieri, priced its first securitization after restructuring the senior tranche on the back of investor requests.

Ongoing litigation may clarify on the responsibilities of trustees in residential mortgage backed securities, but market participants aren't waiting around to find out.

Regulators have been trying to price Fannie Mae and Freddie Mac out of their dominant shares of the secondary market for home loans. After a pair of giant price increases, the strategy may soon bear fruit.

Roughly in step with other markets, structured finance pricing and issuance in June was governed by questions of how quickly the Federal Reserve would rein in its asset-buying spree.

Delayed draw features, which allow CLO managers to avoid paying noteholders until deals are invested, have gained momentum.

The trend of U.S. banks shifting their subprime mortgage servicing rights to non-bank, specialist servicers looks set to continue, according to a Fitch Ratings report.

The Carlyle Group issued a $461.5 million collateralized loan obligation dubbed Carlyle Global Market Strategies 2013-3, according to a Standard & Poor’s presale report.

Wall Street thinks it has a found a solution to jumpstart the dormant market for private-label mortgage-backed securities: bring a third-party reviewer to determine who is on the hook for bad loans.

Trimaran Advisors, a wholly-owned subsidy of KCAP Financial, is planning a $426.3 million collateralized loan obligation called Catamaran CLO 2013-1.

U.S. prime auto ABS, backed by both leases and loans, have experienced robust performance; but the subprime sector has not shared the same fate.

More volatile market conditions may keep most credit card securitization issuers out of the market but maturing 2008 vintage bonds could refinance once the market improves.

Leeds Building Society plans to issue the next investor-placed U.K. RMBS; but issuance in this once dominant sector of securitizations continues to fall below recent years as banks find cheaper funding with the Bank of England’s funding for lending scheme.

Louisiana State Treasurer John N. Kennedy wants a special meeting of the State Bond Commission to reconsider the state's proposed refunding of $628 million of tobacco settlement revenue bonds.