-
Widespread confusion appears to exist in the minds of many practitioners regarding the concepts of "duration" and "average life". -
The commercial mortgage-backed securities market has traditionally offered fairly stable spreads.
-
The most recent version of the credit-default swaps on collateralized debt obligation terms and form of confirmation published in August by the International Swaps and Derivatives Association contains two annexes covering interest shortfalls.
-
Many collateralized debt obligations are structured to experience an event of default when a minimum overcollateralization ratio for senior liabilities is not maintained.
-
The 2007 crisis in the U.S. retail mortgage market has had a significant impact on the secondary market for commercial real estate assets, primarily by freezing the CMBS market.
-
Amid a crisis in confidence in AAA-rated asset-backed securities and growing turmoil in the asset-backed commercial paper markets, we saw for the first time prime mortgage borrowers--whose performance did not warrant a retrenchment in lending--swept into the subprime-initiated liquidity vortex.
-
The growing diversity and complexity of covered bonds is requiring investors to take a closer look at the risks to which they are exposed.
-
In recent months, Fitch Ratings has received several requests for the application of Refinancing Registers (RRs) in German mortgage-backed-securities transactions.
-
This Learning Curve follows on from last week's discussion of the SIV and CDO market.
