Home » CDOs

CDOs

Babson Promotes Finke

November 21, 2008 - Babson Capital Management announced a series of promotions today.

Oak Hill Advisors Hires Former Deutsche CDO Executive

November 19, 2008 - Oak Hill Advisors has hired Fritz Thomas as a managing director, where he will help head up the firm’s business development and client coverage activities.

Moody's Modifies Approach to Rating Wrapped SF Securities

November 11, 2008 - Moody's Investors Service is modifying the rating methodology it applies to structured finance securities wrapped by financial guarantors.

Equity Trust and Bank of New York Mellon Form Agreement

November 6, 2008 - Equity Trust and The Bank of New York Mellon now have a global referral agreement where both companies refer potential business opportunities for structured finance services to each other.

Oak Hill Advisors Adds to Its Fixed-Income Unit

October 22, 2008 - Oak Hill Advisors hired Goran Puljic, T.K. Narayan and Scott W. Snell for the firm’s structured products group.

Switching Sides in Trust Preferreds

October 22, 2008 - Several longtime FTN employees have launched a Nashville venture, Wolf River Capital, that is looking to take the shares off investors' hands.

MBIA Sues Countrywide for RMBS Fraud

October 3, 2008 - Fraudulent practices and false representations made by units at Countrywide led MBIA to guarantee MBS that have already cost the insurer $459 million in policy claims and exposed it to several hundred millions more.

Deerfield Converts into a C-corp and Termination of REIT Status

October 3, 2008 - Deerfield's move results in a potential future tax savings of roughly $80 - $84 million.

Cohen's Ricciardi Writes Paulson

September 24, 2008 - Cohen & Co. CEO Christopher Ricciardi wrote an open letter to Treasury Secretary Henry Pauslon dated today titled Enhancing The Paulson Plan Through the Creation of a Federal Bond Insurance Corporation.

SEC Seeks Authority Over Credit Derivatives

September 24, 2008 - SEC Chairman Christopher Cox called Tuesday for regulation of certain credit derivative products, saying the market was overrun by fraud that contributed to the housing crisis.

Participants Assess Impact of Lehman's Failure

September 15, 2008 - Specifically, Moody's said that it is 'presently assessing the impact of Lehman's bankruptcy and rating downgrade on all structured finance transactions that have exposure to Lehman entities.'

Effect of GSE Credit Event on CDOs Will Likely Be Muted, Fitch Says

September 10, 2008 - Fitch Ratings said that credit events on Fannie Mae and Freddie Mac are unlikely to trigger large scale CDO downgrades.

S&P Expects GSE Announcement to Have Limited Impact on Synthetic CDOs

September 8, 2008 - S&P expects the U.S. Treasury's announcement that the GSEs had been placed in conservatorship by their regulator and S&P's resulting rating actions on these entities to have a minimal rating impact on U.S. and European synthetic CDOs.

MBIA to Reinsure $184B of FGIC's U.S. Public Finance Book

August 28, 2008 - MBIA will reinsure $184 billion worth of Financial Guaranty Insurance Corp.’s U.S. public finance book.

Fitch Introduces New Loss Analysis for Monitoring SF CDOs

August 25, 2008 - Fitch Ratings presents its asset-level projected loss analysis (PLA) to quantify loss expectations on structured finance (SF) CDOs.