Asset Securitization Report articles from June 2009

Asset Securitization Report archives from June 2009

Silver Linings in LatAm.(Global Report)
June 8, 2009... Byline: Felipe Ossa While ABS activity in Latin America is still slumping and the region lacks the aggressive repo programs of central banks in the U.S. and Western Europe, signs of hope are materializing. Scotiabank Peru, for...

ECB Shows Commitment to Covered Bonds.(Global Report)
June 8, 2009... Byline: Nora Colomer The announcement last month that the European Central Bank (ECB) is supporting the covered bond market with purchases worth E60 billion ($83.6 billion) has added further momentum to the covered bond market. It's...

Securitization Loses Its Toxic Status on Regulatory Front.(Cover Story)
June 8, 2009... Byline: Nora Colomer Regulators are shifting their view on securitization from being highly suspicious to realizing it is an integral part of the financial markets. Securitization industry players now see the importance of regulatory...

Euro Market Ponders Ways to Survive.(Cover Story)
June 8, 2009... Byline: Nora Colomer The crowded halls of the new and - many hoped - temporary home of this year's European Securitization Forum/Information Management Network Global ABS gathering held in London last week could serve as a testament to the...

Assessing Credit Performance Trends; The subprime population may be benefiting from a form of "positive selection" that has occurred as weaker borrowers are removed from the pools through foreclosure.(In My View)
June 8, 2009... Byline: Bill Berlliner The recent headlines on residential mortgage credit performance have remained gloomy. The quarterly delinquency survey published by the Mortgage Bankers Association (MBA) painted a pretty desolate picture of mortgage...

Is a Housing Market Recovery in Sight? Slowing pace of delinquencies might not mean recovery, market players say.(ABS Report)(Industry overview)
June 8, 2009... Byline: Gabrielle Stein As 2009 approaches the halfway hurdle, the consumer confidence outlook looks a bit more optimistic, home sales have picked up and rates remain low, fueling refinancing opportunities. This has raised speculation...

Assessing Analytic Uncertainties.(ABS Report)
June 8, 2009... Credit organizations, including Moody's, have been increasing measures aimed at diligently and continually evaluating the limitations of financial models and the assumptions and data behind them, especially with regard to structured securities....

Are Govt.-Sponsored Programs a Panacea for U.S. ABCP?(ABS Report)
June 8, 2009... Byline: Kevin Corrigan, Michael Dean and Darryl Osojnak, Fitch Ratings During the fall of 2008, circumstances surrounding the collapse of significant financial institutions and headline events such as the Reserve Fund's "breaking the buck"...

The CLO Deep Discount Dilemma; (Second of two parts).(ABS Report)
June 8, 2009... Byline: Greg B. Cioffi and David H. Sagalyn, asset securitization and global restructuring group, Seward & Kissel LLP This is the second of two parts of an article examining the dilemma confronting CLO mangers who wish to improve their...

CMBS Inclusion in TALF Stabilizes Spreads.(MBS Report)
June 8, 2009... Byline: Nora Colomer With the first round of the Federal Reserve's Term Asset-Backed Loan Facility (TALF) for CMBS set for the end of June, market players remain cautiously optimistic that the program could add some much-needed momentum to...

Long Proceedings Add to Losses in GGP's Chapter 11.(MBS Report)
June 8, 2009... Byline: Nora Colomer The most recent bankruptcy court ruling on May 13 for General Growth Properties' (GGP) Chapter 11 filing have upheld the separate legal structure of U.S. CMBS loan special purpose entities (SPEs). However, the...

Kazakhstan's Alliance Bank Might Go for DPR Grab.(Global Report)
June 8, 2009... Byline: Felipe Ossa The CEO of Kazakhstan's Alliance Bank, Makshat Kabashev, said in a conference call on May 29 that the originator's three DPR bonds, totaling $275 million at issuance, could fall into the scope of any of the proposed...