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August 03, 2009

Past Issues

Cover Story

Offloading Legacy Assets: Will Govt. Nudge Clear Out the Debris?

The U.S. government continues to reinforce its commitment to preserving the securitization market.

Column

The Foreclosure Glut and Loss Severities

While both the real estate markets and mortgage credit performance have shown signs of bottoming out, the foreclosure picture remains grim.

ABS

Servicers Told to Step Up Loan Mods

Foreclosures crept back to the forefront last month as the U.S. Treasury Department announced it would push for loan modifications.

Straight-A Provides Liquidity Solution to FFELP Loans

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.

A Starring Role for IP?

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.

ASF Issues RFC on RMBS Reps and Warranties

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.

Servicing Concerns Surface with CIT Troubles

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.

CLOs Experience a Comeback; But Will It Last?

Market participants believe that CLOs are still on the ropes, and will be for the rest of the year.

U.S. ABCP: Deviating from the Not-So Norm

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.

Getting Rid of the Overhang

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.

MBS

Agency MBS Issuance Sees Significant Rise

Total agency MBS issuance for 1H09 totaled $916 billion with net issuance at $286 billion.

Global

ECB's Covered Bond Pledge Kick-Starts Issuance

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.

Mexico: Ready to Give ABS a Fresh Look?

Following a spring that was on life support, Mexico's structured finance market sprang to life in late June and into July.

HR Ratings Grabs a Piece of Mexican ABS

In March of 2007, HR Ratings in Mexico opened its doors.

ABS Totals

ABS Totals

View the year-to-date ABS issuance totals for ABS, MBS and CMBS.

ABS Manager Rankings

ABS Manager Rankings

View the year-to-date manager rankings for the different ABS sectors, including real estate, credit cards and autos.

Scorecards

Scorecards

View the Scorecard deals featured in ASR's Scorecard database.

Mortgage Refi Data

Mortgage Refi Data

See results from the Mortgage Banker's Associations Refinance and Purchase Indexes as well as the weekly mortgage rates surveyed by Freddie Mac.