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Anthony Nocera, senior director at Kroll Bond Ratings, writes about the potential for asset-backed securitizations of property assessed clean energy (PACE) loans.
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Suzanne Mistretta and Dan Chambers of Fitch Ratings discuss the development of the REO-to-rental market and the whether the conditions are right for the securitization of such assets.
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Douglas Long, evp of business strategy at data provider Principia, examines the results of a survey of U.S. and EU investors on their uses of loan-level and collateral performance data.
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Paul Hastings partners Conor Downey and Charles Roberts take a look at the development of the European CMBS market, and examine what's next for the sector.
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HSBC bankers are mourning the retirement of man so famous he needs no name — he is simply “that Irish guy who tells you when the fire alarm is about to be tested”.
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HSBC’s Souhail Mahjour, one of the CEEMEA syndicate gang’s last remaining bachelors, has finally taken himself off the market. Drawing on his emerging market expertise, Souhail whisked his beloved off to Bagan (it’s in the Mandalay region of Burma, as if you didn’t already know) and with a glorious sunrise as his backdrop, he dropped to one knee and sealed the deal.
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The Basel Committee on Banking Supervision’s inclusion of certain RMBS in the second tier of bank liquidity buckets is a welcome reprieve for the ABS market. But the same committee’s updated capital risk weightings, published at the end of last year, are likely to curb a flood of new demand for RMBS as banks also face lower returns on capital held against securitisations.
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By Shanker Merchant, managing director in investment banking at CastleOak Securities, a New York-based boutique investment bank.
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As if any further evidence were needed, a new report by Fitch has offered another slug of support for the reputation of European RMBS. The continent's regulators need to start giving the product the credit it deserves.