Moodys Investors Service has found that loss severities on securitized mortgages linked to repossessed properties are the highest in Spains tourist regions. But theyre still within the agencys assumptions.
Analysts at Bank of America Merrill Lynch see value in "selectively" buying higher mezzanine tranches of asset-backed deals from issuers in the European peripheral countries. They think going down the capital stack in core country deals is a good idea as well.
Trevor Wood and Mayank Gupta will join the firm’s banking and finance team in London.
The final scope of regulations governing securitization in Europe will shape the future of the industry, according to a report released today by Standard & Poor’s.
European collateralized loan obligations are deleveraging more rapidly than might be expected after their reinvestment period ends, according to Fitch Ratings.
Banque PSA Finance, a fully owned subsidiary of Peugeot S.A. is marketing its third German auto lease securitization.
F. Van Lanschot Bankiers is working on a new prime Dutch RMBS issue, Lunet RMBS 2013-I, according to a Standard & Poor’s presale report.
The European Commission and European Investment Bank plans to stimulate SME lending via securitization could be ready by January 2014, according to an Economic and Financial Affairs Council.
OneSavings Bank had its £167 million ($266 million), privately-placed, U.K. RMBS that is backed by non-conforming mortgages rated by Standard & Poor’s.
PwC has hired Simon Marriott and Algernon Kent to its commercial and corporate real estate practice to help expand its growing asset and investment management services.
Mayer Brown announced this week that Richard Todd and David O'Connor joined its banking & finance group in London as partners.
ABN Amro announced a 5-year, €500 million ($367 million) prime Dutch RMBS from its Dolphin Master Issuer program.
The European Central Bank said at a press conference on Wednesday that it was considering accepting mezzanine securitization tranches as eligible repo collateral.
A nascent private bond market in France is expected to grow significantly over the next two years,
Home Credit & Finance Bank (HCFB) is planning a RUR10 billion ($314 million) consumer loan ABS bond, according to a Moody’s Investors Service presale report.
The members of trade association The Structured Finance Industry Group (SFIG) have elected a new, 40-person permanent board, the organization said in a press release.
The European Central Bank introduced loan-level data requirements for credit card asset-backed securities used as collateral in its operations subject to a 9-month phase-in.
Moody’s Investor Service is considering changing the way it rates covered bonds to take into account the additional support they would receive in the event of a bank failure.
Paragon Mortgages priced its first U.K. buy-to-let transaction of 2013 to strong investor demand, according to a Deutsche Bank report.
Wells Fargo Securities announced today that Robert J. Fernandez joins as head of the international debt capital markets group based in London.
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