Founded in 1966, the Asian Development Bank has a mandate to reduce the poverty of its developing member countries (DMCs) and improve the quality of life of their people. It currently has 67 members. Those eligible for assistance must be DMCs and be located in the region under ADB’s purview, which includes areas of the […]
April was not our market’s finest moment. It may have been Goldman executives who were in the hot seat, but at times it was as if, yet again, securitization were on trial. My article on the Goldman grilling and its repercussions for ABS can be found on StructuredFinanceNews.com. There I talk about its possible widespread […]
For the last several years, Brazil’s main real estate ABS security, the CRI, has often looked like the poor cousin to the FIDC, a popular vehicle that has proved a good fit for a wide range of assets, even real estate. Lying behind the also-ran status of the CRI, which stands for certificate of real […]
While the FDIC prepares to take away the Safe Harbor privileges from ABS issuers, it has reaped the rewards of securitization by coming to market with three structured note offerings over the last month. It begs the question: is the FDIC sending mixed signals? The agency’s officials have always maintained that securitization works, and if […]
The 8.8-magnitude earthquake that shook a long swath of Chile on Feb. 27 left damage that could work its way into ABS deals, sources said. The most vulnerable asset class is related to real estate, including deals backed by residential mortgages and lease-to-own contracts, but there are safeguards that should help transactions avoid serious deterioration. […]
With new accounting rules, regulatory uncertainty, and wary investors making ABS uneconomical for issuers, pockets of the securitization market are paralyzed. Participants are forced to look at alternative funding sources, which Nora Colomer explores in this month’s cover story. Solutions range from originators resorting to more club-like deals, where risk can be shared, to banks […]
