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The Markit ABX index, or the Markit ABX.HE index, has moved from being an arcane index tracking a set of U.S. home equity market derivatives to a widely watched barometer of the asset-backed securities markets.
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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.
