Securitisation
Back to basics
We take you back to the credit basics to review everything you thought you already knew but were too afraid to ask ... We look at structured investment vehicles, the problem child of the credit markets
The Big Interview - Moody's
Brian Clarkson and Frederick Drevon from under-fire rating agency Moody's talk to Credit about what areas of their business they intend to tighten up and what effect the liquidity crisis may have on the broader market
Bailout time for SIVs
Investors are watching eagerly as banks unveil plans to restructure their ailing SIVs. Hardeep Dhillon looks at the various schemes and how they affect the proposed M-LEC 'super-SIV'
Single stock futures financing and the synthetic cash yield
Single Stock Futures
A prime time to invest
Choosing a prime broker can be a daunting task for any hedge fund manager. David Walker met Lehman Brothers' Gunner Burkhart for some tips on how to make the right decision and avoid the political pitfalls common in some investment banks
A simpler way of life
Administration
The year ahead
From widespread house price falls and increases in foreclosures, to funding innovations and alterations in regulation, 2008 will be a year of unprecedented change and adjustment for mortgage banks. Mortgage Risk, together with a select panel of leading…
Industry sets template for loan modifications
A framework sponsored by the US administration to soften the impact of subprime resets provides comfort for servicers and clarity for investors
Giving credit its due
Investment
Getting off lightly
Securitisation
Marking to mayhem
Structured Credit
Monolines in a world of pain
The shockwaves emanating from the monoline industry show no signs of easing up before Christmas. It had seemed that the pressure was abating, as the beleaguered financial guarantors had started to secure some much-needed capital to bolster their ratings,…
More subprime writedowns at Morgan Stanley
Morgan Stanley has taken a total of $9.4 billion in mortgage-related writedowns in the fourth quarter, causing it to lose $3.6 billion, it announced today.
New year brings funding challenges for SIVs
The pressure on structured investment vehicles (SIVs) will grow in the new year as their medium-term notes come up for renewal, investment bank Dresdner Kleinwort has warned.