Asset Securitization Report articles from March 2009

Asset Securitization Report archives from March 2009

Whispers.(Whispers)
March 2, 2009... Byline: Editorial Staff Morgan Stanley's head of European leveraged credit trading has resigned. Robert Lepone, who oversaw various teams, including high yield bonds, leveraged loans, credit default swaps and distressed debt, left Morgan...

New Reinsurance Product Makes Way for More Euro Capital Market Deals.(Global Report)
March 2, 2009... Byline: Nora Colomer The reinsurance industry got some surprisingly good news last month with a new CAT bond deal pricing. There was also the announcement of a new European product promising to increase transparency and boost capital...

Synthesizing and Analyzing ABS Data: Keys to Sound Portfolio Management.(Cover Story)
March 2, 2009... Byline: Gabrielle Stein With the worsening economic outlook, structured finance market participants have learned that it is necessary to read the fine print when it comes to managing their portfolios. This has made data and technology...

Obama's Housing Plan.(Column)
March 2, 2009... Byline: Bill Berliner President Obama recently unveiled an initiative designed to support the housing market and reduce the catastrophic number of foreclosures. While the GSE-centric plan generally represents an incremental change from...

Bid for MBS Improves, Though Wide Spreads Persist.(ABS Report)(mortgage backed securities)
March 2, 2009... Byline: Aleksandrs Rozens, Investment Dealers Digest Conditions in the U.S. mortgage backed securities market have improved, but the market still has a ways to go before it regains its pre-financial crisis vigor. That said, commercial...

Lenders Face GSEs' Multifamily Shift.(ABS Report)
March 2, 2009... Byline: Harry Terris, American Banker After several years of putting most of the multifamily mortgages they bought in their portfolios, Fannie Mae and Freddie Mac are preparing to rev up securitization of such loans. For lenders that...

Euro Players Can't Predict Market Recovery's Timing.(Global Report)
March 2, 2009... Byline: Nora Colomer At the American Securitization Forum's (ASF) conference last month held in Las Vegas, a survey presented in one of the panels showed that recovery for the U.S. securitization market won't happen until 2011. In...

Push Underway for U.K. Loan Modifications.(Global Report: Feature)
March 2, 2009... Byline: Nora Colomer Little has been done by way of loan modifications in the troubled U.K. RMBS sector. Industry sources said their hands have been tied by the legal limitations of securitizations that do not allow mortgages in these...

2009 A-The Credit Downturn Takes Its Toll on ABS; Leveraged Loan CLOs To Be Put to the Test.(Global Report: Observation)
March 2, 2009... Byline: Markus Ernst, senior ABS research analyst in securitization research, UniCredit The outlook for the securitization market in 2009 is bleak. Problems related to ABS are manifold and a recovery of the securitization market is not yet...

Ruble, Hryvnia and Tenge - Dirty Words for ABS?(Global Report)(Commonwealth of Independent States on asset-backed securities)
March 2, 2009... Byline: Felipe Ossa Over the last several months, Russia and other countries of the Commonwealth of Independent States have engaged in protracted battles to manage the depreciation of their currencies. Some have been more successful than...