The managing director of agency MBS investor Annaly Capital Management talks to Sarfraz Thind about the impact of the recent decision by the US government to back mortgage agencies Fannie Mae and Freddie Mac
With only one public RMBS issue in the UK during the whole of 2008, the market would seem to have hit rock-bottom. But moves are afoot to help restore confidence in the market and enable banks to finance mortgage lending, as Laurence Neville reports
Daily news headlines
With US structured finance markets in the grip of the subprime squeeze, close neighbour Mexico might be expected to have suffered a similar fate. But strong investor demand for securitisation and homeowner-friendly government initiatives are combining...
Life insurance securitisation
Intellectual property securitisation, where the intrinsic value of a brand or copyright is released via the issuance of debt, can be costly but the interest savings over the life of the deal are attractive, explains the global co-head of securitisation...
In these times of uncertainty for the credit markets, covered bonds have become something of a refuge for investors. Their seniority in the capital structure and close relationship to Bunds have led some in the market to treat them as a proxy for rates...
Risk Awards 2008
Risk Awards 2008
The subprime mortgage market - the root of all the summer's troubles - may well be in turmoil but nobody is suggesting it is about to disappear as a source of financing for securitisations. The question is, what part will it play when the dust finally...
Insufficient data is at the root of the credit market's ruined summer, Baseline Capital's sales and marketing director tells Matthew Attwood
Structured credit investors nursing losses from subprime-infected assets want better valuation models for illiquid securities such as MBS. But as Stewart Eisenhart reports, such solutions will be tricky to design and costly to implement
The Big Interview
After years of being the 'next big thing', the Russian asset-backed securitisation market has finally arrived. Laurence Neville looks at the factors that have caused this sleeping giant to awaken
Investors in the subprime mortgage sector might have been expecting some kind of market correction after a jump in delinquency rates at the back end of 2006. What they weren't expecting was a full-scale stampede out of the ABX index. Credit reports
A new Standard & Poor’s report ‘Assessment Of The Basel II Framework: Incentive To Securitize Corporate Exposures Remains’ has found that the introduction of Basel II is unlikely to translate into reduced securitization of corporate exposures.