Analysts at J.P. Morgan have adjust mid-year spread targets tighter for both legacy and new-issue CMBS ;they still expect that legacy CMBS can outperform new issues.
The Securities and Exchange Commission wont be voting on Regulation AB II this week as it had previously announced.
Stefan Ingves, chairman of the Basel Committee on Banking Supervision, called Friday for global regulators to complete their work on already agreed upon international banking reforms.
The Securities and Exchange Commission will vote next week on whether to adopt rules revising the disclosure, reporting, and offering process for asset-backed securities.
The Federal Reserve on Wednesday took another step in its effort to scale down a controversial bond buying program by an additional $10 billion.
Direct exposure to either J.C. Penney or Sears is typically highest in seasoned deals where there are only a small number of loans remaining, and one is secured by a retail property.
Risk-retention rules could thin the ranks of CLO managers; the industry was hoping for a workaround, but what it got is pretty much unworkable.
The U.S. market for collateralized loan obligations would shrink by 75% if proposed risk-retention rules are implemented, according to the Loan Syndication and Trading Association.
Longstanding tensions within the American Securitization Forum (ASF) boiled over in March, when most of its board of directors resigned and formed a new trade group.
By tweaking one aspect of its methodology for rating securitizations, Moodys Investors Service has set the stage for more downgrades of deals issued out of peripheral Eurozone countries.