Top Stories

May 16, 2012 - Max Adams

Goldman, Citi Launch Conduit At Wider Guidance

Goldman Sachs, Citigroup and Jefferies & Co. have floated price guidance of swaps plus 120-125—wider than recent deals—for the 10-year, AAA-rated bonds of GSMS 2012-GCJ7, a $1.6 billion commercial mortgage-backed securities deal that is also the largest conduit shopped this year.

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May 16, 2012 - Marissa Capodanno

BarCap Follows Chase With Credit Card Deal

Barclays Capital is the second bank to tap the primary asset-backed securities market with a credit card transaction this week. The $500 million card Barclays card deal is expected to see pricing Thursday.

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May 16, 2012 - Graham Bippart

Unusual Collateral Puzzles CMBS Investors

Loans on a marina, data center and a student housing complex—non-traditional properties for commercial mortgage-backed securities deals—are part of the collateral pool in an upcoming conduit deal from Deutsche Bank and Cantor Commercial Real Estate.

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May 16, 2012 - Hugh Leask

Euro ABS Mart Staying Cool On JPM Losses

European securitization market officials aren’t sweating the potential impact that JPMorgan’s recent losses may have on the still-recovering sector, though the bank’s chief investment office, which was the source of the losses, has also been a major investor in the region’s post-crisis securitization issuance.

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May 14, 2012

Issuance To Date

A graph of year-to-date issuance by region and sector, as reported by Securitization Intelligence, accompanied by a bird's-eye view of the activity seen in each sector last week.

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Current

News

  • Features

    Issuance To Date

    Monday, May 14, 2012 9:42 AM
    A graph of year-to-date issuance by region and sector, as reported by Securitization Intelligence, accompanied by a bird's-eye view of the activity seen in each sector last week. Read More
  • Features

    Collateral Damage of President Obama’s Mortgage Refinancing Plan

    Friday, May 11, 2012 12:37 PM
    President Obama recently proposed extensive government assistance to homeowners whose primary residences have fallen in value below their unpaid mortgage balances. Read More
  • One Year Ago

    One Year Ago

    Friday, May 11, 2012 12:27 PM
    American International Group was seen buying up about half the legacy bonds in the Federal Reserve Bank of New York’s Maiden Lane II portfolio, raising eyebrows that the company was allowed to increase its balance sheet even as it had outstanding obligations to taxpayers. Read More
  • One Year Ago

    One Year Ago

    Friday, May 04, 2012 11:48 AM
    Market players saw the takedown of the majority of equity in a new collateralized loan obligation from Symphony Asset Management as a key indicator of recovery taking hold in the primary CLO market. Read More
  • Features

    The Current Status Of CMBS And CRE Finance In Europe

    Tuesday, April 24, 2012 1:19 PM
    The market in Europe for commercial real estate finance has always been markedly different than that of the U.S. Read More
  • One Year Ago

    One Year Ago

    Friday, April 20, 2012 4:43 PM
    Market players stood by as real estate investment trusts gained momentum, raising about $7 billion to invest in the sector in the first quarter of 2011. Read More
  • One Year Ago

    One Year Ago

    Friday, April 13, 2012 2:16 PM
    Officials at NRG Energy said the company was working on securitizing revenue streams from its solar portfolio, noting that aggregating a pool that is large enough and diverse enough is a challenge for solar sponsors. Read More
  • CLO Pipeline

    A database of collateralized loan issuance with information obtained from sources that are deemed reliable. Deals are entered when we hear about them and updated as more information becomes available. Search by Issuer, Arranger and Closing Date. To contribute, email Managing Editor Graham Bippart at gbippart@iiintelligence.com or call +1-212-224-3294.
  • Deal Flow Database

    A customizable table of deals reported by SI and updated every week. SI compiled the information from its own reporting and from available sources. Its completeness and accuracy are deemed to be reliable but cannot be guaranteed. To contribute or comment, please contact Graham Bippart at gbippart@iiintelligence.com .
  • Event of Default Scorecard

    A detailed listing of collateralized debt obligations that have reached an event of default. Search by Issuer, Manager, Underwriter, Collateral Type, Issue Date or EOD Date. To contribute, email Managing Editor Graham Bippart at  gbippart@iiintelligence.com or call +1-212-224-3294.
  • Financing Record

    A database of new issuance in the ABS, MBS and CDO markets updated weekly with data supplied by Thomson Reuters. Includes deals issued from 2009 until present. Search by Market, Date, Issuer or Manager. To contribute, email Managing Editor Graham Bippart at gbippart@iiintelligence.com  or call +1-212-224-3294.
  • League Tables

    Rankings of the top managers in the ABS, CDO, CMBS and RMBS markets provided by Dealogic. Select a quarter or year to view the top 10 managers for each market by value of deals issued. Email Managing Editor Graham Bippart at gbippart@iiintelligence.com  or call +1-212-224-3294 with any questions or comments.
  • By The Numbers

    A monthly  review provided by Markit of the Europe and U.S. ABS markets including ABS pricing time series graphs, new issuance, economic data and deals affected by rating actions.

From around the web

  • Dow Jones Newswires

    Deutsche, Cantor Said To Sell $824 Mln In CMBS

    Deutsche Bank and Cantor Fitzgerald are said to be preparing to sell $824 million in commercial mortgage-backed securities in the coming days.
  • The Wall Street Journal

    SEC Said To Investigate Hedge Fund Over CDO

    The U.S. Securities and Exchange Commission is said to have launched an investigation into the role hedge fund Magnetar Capital played in various collateralized debt obligations.
  • Bloomberg

    Fed Eyes Banks’ Deposit Management

    The Federal Reserve Bank of New York is said to be examining how banks in its district are managing deposits they have received since the beginning of the crisis in terms of how they invest funds they don’t lend, a review prompted by JPMorgan’s reported losses.
  • Fitch

    Fitch Downgrades Bonds In 24 CMBS

    Fitch Ratings has downgraded 35 bonds in 24 U.S. commercial mortgage-backed securities from C and CC to D, indicating it expects the bonds to default. Principal write-downs prompted the downgrades, says Fitch.
  • Bloomberg

    German Bank Sues Barclays Over RMBS

    German lender DZ Bank has filed a lawsuit against Barclays in New York charging the U.K. bank with allegedly misrepresenting the quality of loans in $133.3 million in residential mortgage-backed securities it sold.
  • Reuters

    OCC Warns On Operational Risk

    Thomas Curry, the Comptroller of the Currency, said in a speech that the complexity of today’s banking markets and the sophistication of technology has put banks’ operational risk “at the top of the list of safety and soundness issues for the institutions we supervise.”
  • Reuters

    Big Bank Bonuses Expected To Bump Up

    Banks are expected to increase bonuses 5%-15% this year, according Johnson Associates, the compensation consulting firm.
  • Mortgage Orb

    Foreclosure Filings Fall To Near Five-Year Low

    Foreclosure filings in April fell 5% from the preceding month to their lowest monthly level since July 2007, according to RealtyTrac.
  • Dow Jones Newswires

    Deutsche, Cantor Said To Sell $824 Mln In CMBS

    Deutsche Bank and Cantor Fitzgerald are said to be preparing to sell $824 million in commercial mortgage-backed securities in the coming days.

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