Rethinking securitization structures to attract junior investors

year to date issuance for abs, mbs and cmbs

Standard & Poor’s said in a report today that they expect refinancing pressure to intensify for European CMBS as $22.6 billion in loans is set to mature in 2013.

Many sectors of the market are rallying, investors have returned, enthusiasm is running

Spreads on asset-backed securities narrowed sharply across the board in 2012; as justified as this was, some sectors are already looking rich, according to participants at the ASF 2013 conference.

The Basel Committee’s decision to allow banks to include highly rated residential mortgage bonds into the calculation of a new liquidity coverage ratio is good news, at least for European banks.

The narrative in Hollywood films tends to follow a three-act boilerplate — certain things happen to the protagonist at specific points over the course of the movie.

The delinquency rate of securitized commercial real estate loans dropped sharply in January down to the lowest level in 11 months mostly due to improvements in the performance of multifamily loans.

Fitch Ratings anticipates a “moderate” amount of call activity in the collateralized loan obligation market as players take advantage of cheaper funding costs available for new deals.

JP Morgan and Credit Suisse are said to be planning RMBS deals.

Southern Company’s Mississippi Power plans to do a utility securitization to recover the financing costs related to construction of its $3 billion coal-gasification power plant Kemper County.