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The U.K. courts recently interpreted the definition of insolvency in a way that can lead to an insolvency default being triggered earlier than before.
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Financial instruments utilized in the securitization market have been blamed by some as worsening the credit crunch.
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Structural differences in AAA subprime RMBS structures bear a significant impact on bond valuations when collateral losses are high enough to deplete senior credit support. -
Help may have arrived for the struggling residential mortgage market in the form of a Federal Deposit Insurance Corporation policy statement designed to boost the market for U.S.-issued covered bonds.
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Attempting to analyze the mountain of data provided in the Annex A of a CMBS prospectus can be intimidating.
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Hedge funds are gearing up to invest in distressed assets, and many new funds are being formed for the same purpose.
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"Structured" covered bonds have been developed in the U.K. since 2003.
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The financial markets have been in a crisis since the summer of 2007 due to housing price declines and higher interest rates, causing defaults on sub-prime mortgages.
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The dislocation in the structured finance markets has led to significant investor interest in "opportunity" or "distressed" strategies targeted at taking advantage of the attractive entry points common to many forms and types of whole loan and securitized mortgage related product.
