Asset Securitization Report articles from July 2009

Asset Securitization Report archives from July 2009

Dutch Bank FMO Talks Emerging Markets.(Global Report)
July 6, 2009... Byline: Editorial Staff Q&A Until a few weeks ago, it seemed that Dutch development bank FMO had joined the trickle of players out of emerging market ABS. And one couldn't blame them. With cross-border investors soured on anything...

UniCredit Deal Reopens Italian Covered Bond Sector.(Global Report)
July 6, 2009... Byline: Nora Colomer This month, UniCredit launched its inaugural OBG (Obbligazioni Bancarie Garantite) benchmark. The transaction, which reopens the Italian covered bond market, was met with very strong interest from the international...

The OECD and Its Take on Offshore Tax Havens.(Global Report)
July 6, 2009... Byline: Nora Colomer The Organization for Economic Cooperation and Development (OECD) continues to work on its list of acceptable tax havens. While countries are looking to get off the "grey list," industry players said that the impact...

New Regulations Shed Clarity on the Future of Securitization.(Cover Story)
July 6, 2009... Byline: Nora Colomer The Obama administration unleashed its new proposal to regulate the securitization market last month. This forward-looking, positive step sends the message that securitization is worth saving. However, not only do...

New FASB Rules Present Accounting Challenges.(ABS Report)
July 6, 2009... Byline: John Hintze As the dog days of summer approach, securitization market players are facing some of the biggest accounting changes in years that will require major changes in relatively short order to their balance sheets, financial...

Financial Reform Legislation and Its Alternatives; The Home Valuation Code of Conduct (HVCC) is an important example of how not to develop and institute policies governing financial products and markets.(In My View)
July 6, 2009... Byline: Bill Berliner The package of financial regulatory reforms recently proposed by the Obama administration includes a proposal for a Consumer Financial Protection Agency. According to the document, the agency would "...protect...

Mortgage Debt: Investing In An Era of Loan Modifications.(Roundtable)
July 6, 2009... Byline: Editorial Staff Navigating the mortgage debt markets can be tricky in good times, but market participants may find today's market conditions more akin to walking through a minefield. Home prices continue to decline nationwide...

CMBS: To TALF or Not Is the Question.(MBS Report)
July 6, 2009... Byline: Nora Colomer The first round of CMBS TALF saw no takers. However, the lackluster reception isn't indicative of a lack of appetite. Market sources said it's just a matter of dealing with a more complex asset class that has required...

FASB Rule Casts Shadow over Securitizations.(MBS Report)
July 6, 2009... Byline: Poonka Thangavelu Nascent signs of economic recovery bode well for the commercial real estate sector, which lags the economy, but the ongoing correction in the sector is not yet done. Not only that, any commercial real estate...

Vindicating DPRs, KKB and BTA Pay Down.(Global Report)
July 6, 2009... Byline: Felipe Ossa In what is being widely viewed as a vindication of the DPR product, stressed programs originated by Kazkommertsbank and BTA Bank have fully paid down. "It shows that the structure works in a highly distressed...