06/01/2010 |
Past Issues |
Problems in Greece Wash Ashore
Problems in Greece Wash Ashore
Problems in Greece Wash Ashore
As Greece struggles to stay on dry land, the fragile state of the European securitization market begins to wash ashore.
Problems in Greece Wash Ashore
The Failure of Market Forces in the Non-Agency MBS Market
The Failure of Market Forces in the Non-Agency MBS Market
The Failure of Market Forces in the Non-Agency MBS Market
While the process of securitizing financial assets worked well for decades, the market forces that traditionally protected investors gradually failed between 2004 and 2007.
The Failure of Market Forces in the Non-Agency MBS Market
ASR recently met with some of the market's leading analysts and observers to learn about the leading indicators of an MBS default. The discussion was moderated by ASR's contributing editor Aleksandrs Rozens and sponsored by 1010data.
Large institutional investors such as the CalPERS are hesitant to participate until they are reassured their first-lien holdings remain prioritized in the capital structure.
ABS players are closely monitoring the Greek government's struggles and assessing how they'll impact European securitizations.
The enthusiasm for covered bonds in Latin America was palpable at SiLAS 2010, but challenges, both big and small, still remain.
On the sidelines of the SiLAS 2010, ASR's Felipe Ossa had a conversation with Ignacio Farias, CEO of Patrimonio, a housing finance company in Mexico.
One of the recurring themes at the SiLAS 2010 conference was the need for investors to get to know the collateral behind deals like never before.
SiLAS 2010: Looking Back and Working Out the Kinks
The SiLAS 2010 conference featured lively discussion of the role of trustees in Latin American transactions.
The performance of a securitization transaction depends not only on the underlying collateral performance but also on the effective performance by such transaction parties of their responsibilities.
The SEC's stated purpose for this move was to avoid market disruption by giving foreign structured finance participants time to take the necessary steps to comply with the rule.
There is commitment from the highest level to implement a global framework that enables securitization to relaunch on a sound basis.
View year-to-date 2010 ABS issuance totals for ABS, MBS and CMBS.
View the year-to-date manager rankings for the different ABS sectors, including real estate, credit cards and autos.
View the Scorecard deals featured in ASR's Scorecard database that priced in the last two weeks.
See results from the Mortgage Bankers Association's Refinance and Purchase Indexes as well as the weekly mortgage rates surveyed by Freddie Mac.