Securitisation
RMBS holders in court battle over breaches of reps and warranties
Courting trouble
Rise in investor confidence boosts hopes of European securitisation market recovery
On the comeback trail
How ECB repo changes will affect new securitisations
Funding games
Standard Chartered wraps up Korea Air ticket receivables securitisation deal
The ¥40 billion Korean Air Lines securitisation is the largest asset-backed security deal in Asia so far this year.
Fear of securitised products is creating opportunities, says M&G
UK investment firm insists ABS offers better value then unsecured bank debt, despite its damaged reputation.
Minor RMBS losses anticipated as foreclosure freeze wears off
Tranche holders likely to avoid large losses, but legal action threatens servicers
Why investors need to have a rethink on RMBS
Time for a rethink on RMBS?
Axa offers ABS repo facility to banks
You repo what you sow
Bank funding blow from ECB repo withdrawal
As the European Central Bank winds down its repo facility, there are fears that traditional avenues of securitisation issuance are still not viable.
Banks face suit over mis-sold subprime loans
Cambridge Place Investment Partners accuses 15 banks of mis-selling.
Structured credit recovery in Asia still patchy
The Asia-Pacific region saw a drop in securitisation volume during the global financial crisis, but the effect has been felt very differently across the different financial markets in the diverse region. Hardeep Dhillon reports
Cat bonds set to become new face of structured credit, say Axa chiefs
Two senior heads at Axa Investment Managers anticipate escalating demand for catastrophe bonds.
The FDIC’s only safe harbour is from itself: Joseph Mason column
The US Court of Appeals has ruled against the FDIC in a case that gave rise to the regulator’s original safe harbour provisions for securitisation deals.
US regulatory changes weigh on consumer ABS
Analysts declare Talf a success but say consumer ABS growth could be hampered by regulatory and accounting uncertainty
Redwood reopens US non-agency RMBS market
Redwood Trust’s jumbo RMBS issuance – the first US non-agency deal for two years – met with strong demand. But will that be enough to entice other private issuers to tap the market?
New hope for insurance-linked securities
Since the financial crisis the insurance-linked securities market has been squeezed into a tight corridor of issuance with only natural catastrophe bonds seeing any traction – a blow for a market that pre-2008 appeared to be on the cusp of developing…
MBS investors need to choose their servicer wisely: Joseph Mason column
Having the right servicer in place is critical in maximising the recovery value of distressed loans in mortgage-backed portfolios.
RMBS defaults still a worry for structured finance investors
Despite talk of economic recovery, structured finance investors in the US and Europe remain concerned about defaults and losses on RMBS deals, according to S&P research.
Goldman criticised over CDO after SEC lawsuit
Goldman Sachs has been sharply criticised for arranging a synthetic collateralised debt obligation (CDO) at the centre of a lawsuit filed by the US Securities and Exchange Commission (SEC) last week.