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By The Numbers rss

  • U.S. ABS Review By Markit (June 1-July 1)

    After a rocky start to the summer, levels for the Markit structured finance indices and single name credit default swaps of asset-backed securities remained fairly stagnant in the second half of June.

Investment Manager Searches

    Search Directory

    The following directory includes year-to-date search and hire activity for high-yield, distressed debt and CDO managers.

Event Of Default Scorecard

    Second Wharton CDO Hits EOD

    A second collateralized debt obligation from London-based Wharton Asset Management has hit an event of default.

Fund Tracker

Distressed Funds
The following is a list of companies that have or are rumored to have started raising distressed funds investing in mortgages or mortgage products.

TALF Funds
The following are a list of companies that have started funds targeting the Term Asset-Backed Securities Loan Facility.

League Tables

    TALF Sets New Tempo For Issuance

    Issuance in the first quarter of 2009 was more upbeat compared to the sluggish fourth quarter, largely due to the Term Asset-Backed Securities Loan Facility.

Previously in Total Securitization And Credit Investment

     
  • Univision Gains On Amendment

    Univision Communication’s term loan “B” moved up today on news the New York-based Spanish language media company reached an agreement with lenders to amend its senior secured credit agreement.

  • Pricing A Sticking Point In CMBS Deals

    Pricing appears to be a major sticking point in commercial mortgage-backed securities as the bid-ask spread between buyers and sellers remains wide.

  • Senators Call For Better Loan Servicing

    A group of 15 Democrat senators led by Sen. Jack Reed (D-R.I.) have asked Shaun Donovan, secretary of the Department of Housing and Urban Development, to ensure banks and loan services are more responsive to homeowner requests for mortgage assistance.

  • Banks Lose From Swaps On MBS

    Banks that bought credit default swaps on subprime mortgage-backed securities have been left empty-handed after the broker who sold the CDS paid off the bonds, rendering the swaps worthless.

  • Greater ABS Oversight Needed, Says SEC Chief

    Asset-backed securities as well as credit default swaps and other less regulated instruments require greater oversight, according to Mary Schapiro, chairman of the Securities and Exchange Commission.

  • CMBS Investors Face Looming Loss Threat

    Investors in commercial mortgage-backed securities stand to suffer losses in the near future as principal on partial interest-only loans come due.

  • Jefferies Grows Chi-Town MBS/ABS Team

    Jefferies & Co. has added three senior level executives to its mortgage-backed and asset-backed securities team in Chicago, expanding the firm’s global MBS/ABS total headcount to more than 55 sales, trading and origination professionals.

  • Fraser Sullivan Launches Managed Account Push

    Credit investment firm WCAS Fraser Sullivan Investment Management is preparing to make a full-fledged leap into the separately-managed-accounts space.

  • Debt Exchange Seen As Best Option For Clear Channel

    A debt exchange may be Clear Channel Communication’s only feasible option as it is trying to deal with a $2.5 billion intercompany note that matures in 2010, according to one investor on the company’s $10.7 billion term loan.

  • U.K. RMBS Delinquencies A Record 29.35%

    Delinquencies of U.K. non-conforming residential mortgage-backed securities hit a record 29.35% in the first quarter, according to Standard & Poor’s.

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