Recently added articles from Asset Securitization Report:
ABS Industry Makes Sense OF Loan Level Data; As the market adds data on current borrower behavior to its study of loan performance, traditional tools and models are fast becoming obsolete.(Cover Story)
Dec 07, 2009 ... Byline: Nora Colomer Investment firms are also increasingly unwilling to trust the work of others. This is coupled with the need for more granular information down to the borrower level. These have driven market participants to build their own models using more detailed data ...
Credit Card ABS Issuance Awaits New Rules, Especially for Sub Pieces.(ABS Report)
Dec 07, 2009 ... Byline: John Hintze Issuance of top-rated credit card ABS has picked up this year, but investors have faced a dearth of subordinated tranches until GE Capital's $76 million Class B five-year tranche priced Nov. 25 at 285 basis points over mid-swaps, setting a benchmark for more ...
Prepare for Fed Exit and Higher Rates, Analysts Warn.(MBS Report)
Dec 07, 2009 ... Byline: Sally A. Runyan/Thomson Reuters This year, mortgages have done very well courtesy of the substantial buying from the Federal Reserve. Year to date, gross issuance has totaled $1.5 trillion with net issuance at just under $500 billion, while the Fed has bought ...
Highland Looking toLaunch New Loan Funds.(ABS Report)
Dec 07, 2009 ... Byline: Richard Kellerhals Highland Capital Management is working on an array of loan-focused funds that it hopes to launch at the beginning of 2010. One of these is a credit opportunity fund that will invest mostly in senior secured loans, secondary loans and ...
Option ARMsand the "Time Bomb".(In My View)
Dec 07, 2009 ... Byline: Bill Berliner Fears are growing of a renewed surge in defaults on option ARMs (OAs). Investors have increasingly expressed concern that a spike in defaults driven by mandatory payment recalculations (the recast "time bomb") is building for the roughly $100 billion unpaid ...