Search for: "Securitized Asset Backed Receivables"
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6 May 2010, 1:12 pm
If we subtract out the securitizations in which investment bankers didn’t believe in their own marketing, we’d still be facing a pile of defaulted mortgages and mortgage-backed securities gone south. [read post]
3 May 2010, 11:50 pm
They are so large, both in terms of assets and debt that alone they can influence our economy and the economy of foreign nations, and as a result, neither will ever be allowed to fail. [read post]
1 May 2010, 7:15 am
This trend is mirrored by certain aspects of the financial market regulatory reform pending before Congress, such as requiring creditors to retain material positions in the credit risk that the creditors sell, transfer or convey to third parties, including the securitization of asset-backed securities. [1] Even if the developments are adjustments to perceived excesses, they could cause a reaction with its own negative consequences. [read post]
26 Apr 2010, 4:52 pm
A high credit rating signifies, we thought, that the credit rating agency has done its internal modeling on the underlying assets and concluded that there is unlikely to be a default and that the cash flows on the underlying assets in the securitization are sufficient to service the debt, so that interest and principal payments can be treated as relatively certain to be paid. [read post]
14 Apr 2010, 3:55 am
” “Yet those two loan officers continued working for the bank for three years, receiving prizes for their loan production. [read post]
12 Apr 2010, 6:34 am
The ABS sponsor must hold five percent of each class of asset-backed securities or, in the case of revolving asset master trusts, must retain at least five percent of the nominal amount of the securitized exposures, in each case net of any hedging arrangements. [read post]
6 Apr 2010, 1:58 am
As reflected here, the plaintiffs alleged that the defendants had misled investors about SCA’s exposure, through its insurance operations, to securities backed by subprime residential mortgages. [read post]
13 Mar 2010, 3:42 am
He tried modification and was turned down flat (The mortgage is held by a securitized trust). [read post]
22 Feb 2010, 1:49 am
In their amended complaint, the plaintiffs allege that the defendants misrepresented the value of its collateralized debt obligations; the extent to which its assets were held as subprime-related mortgage backed securities; and the extent to which its ill-fated decision to acquire ABN-AMRO had compromised the company’s solvency. [read post]
14 Feb 2010, 10:24 am
According to reports, Greece used derivative transactions that involved securitized rights to cash flows from national projects to conceal mounting debt. [read post]
1 Feb 2010, 6:36 am
The staff in the units will receive specialized training, and the Division will also hire individuals with market experience or other expertise. [read post]
7 Jan 2010, 8:34 am
If you've just arrived, we recommend jump back to Part 1 and start there. [read post]
7 Jan 2010, 6:19 am
These criteria include: the instrument is perpetual and, apart from dividends, never repaid outside of liquidation; the bank does nothing to create an expectation at issuance that the instrument would be bought back, redeemed or cancelled; distributions are not preferential to any other legal or contractual obligation; the instrument takes the first and proportionately greatest share of any losses as they occur; and the paid-in amount is recognized as equity capital (and not as a liability)… [read post]
11 Dec 2009, 11:38 am
The issuer must also disclose the nature and extent of the compensation of the broker or originator of the assets backing the security; and the amount of risk retained by the originator or the securitizer of such assets. [read post]
2 Dec 2009, 5:42 pm
The SEC is directed to adopt regulations requiring issuers of asset-backed securities to disclose for each tranche or class of security information regarding the assets backing that security. [read post]
11 Nov 2009, 10:07 am
The draft adds a definition of asset-backed security to the Exchange Act to mean a fixed-income or other security collateralized by any type of self-liquidating financial asset, including a loan, a lease, a mortgage, or a secured or unsecured receivable, that allows the holder of the security to receive payments depending primarily on cash flow from the asset, including collateralized mortgage or debt obligations. [read post]
3 Nov 2009, 4:22 am
The proposed legislation would, among other things, create a framework for regulation of systemically important financial firms and activities; provide an alternative resolution regime for systemically important financial firms; merge the Office of Thrift Supervision into the Office of the Comptroller of the Currency, retaining the federal thrift charter; reform in several significant respects the regulation of insured depository institutions and their holding companies; and impose certain… [read post]
21 Oct 2009, 6:04 am
Credit markets are slowly getting back to normal. [read post]
7 Oct 2009, 1:23 am
The Nomura action is only one of many securities lawsuits that investors have brought against the securitizers that aggregated mortgages into pools that issued mortgage-backed securities. [read post]
22 Sep 2009, 6:23 am
He also emphasized that the Commission should probe the role played by financial instruments and policies which allowed the creators of securities to abandon responsibility for the ultimate performance or failure of assets. [read post]
