August 03, 2009 |
Past Issues |
The U.S. government continues to reinforce its commitment to preserving the securitization market.
While both the real estate markets and mortgage credit performance have shown signs of bottoming out, the foreclosure picture remains grim.
Foreclosures crept back to the forefront last month as the U.S. Treasury Department announced it would push for loan modifications.
With FFELP student loan issuers having difficulty funding loans because of the current credit freeze, the Straight-A Funding student loan conduit was developed to provide a partial industry solution.
Intellectual property could prove to be not only the next fountain of deal flow for private-equity sponsors, but also a potential tool for helping their portfolio companies.
The American Securitization Forum's Project RESTART, an industry initiative to renew investor confidence in the mortgage and securitization markets, took several big steps forward in mid-July, including requesting comment on model RMBS representations and warranties.
CIT Group's recent financial uncertainty has raised a lot of questions about what to expect when an ABS servicer faces the possibility of bankruptcy.
Market participants believe that CLOs are still on the ropes, and will be for the rest of the year.
Traditional non-mortgage consumer assets continue to dominate U.S. ABCP conduit holdings while exposures to riskier assets have dropped well off their highs of the past two years.
Some securitization players are hanging their hopes of a market recovery on the Term ABS Loan Facility and, perhaps even more, on the Public Private Investment Program.
Total agency MBS issuance for 1H09 totaled $916 billion with net issuance at $286 billion.
The European Central Bank bought 2.9 billion ($4.10 billion) worth of covered bonds in July,the first purchases under a plan to purchase 60 billion worth of covered bonds over the next year.
Following a spring that was on life support, Mexico's structured finance market sprang to life in late June and into July.
In March of 2007, HR Ratings in Mexico opened its doors.
View the year-to-date 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.
See results from the Mortgage Banker's Associations Refinance and Purchase Indexes as well as the weekly mortgage rates surveyed by Freddie Mac.