Asset-backed securities weather the storm, says Henderson GI - Investment Europe


Investment Europe
Asset-backed securities weather the storm, says Henderson GI
Investment Europe
Investors are ignoring the fact that European asset-backed securities market is weathering the credit storm, says Ed Panek, head of ABS Investment, Henderson Global Investors. “During the course of the global financial crisis, certain misconceptions ...

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Global Diversified Investment Grade Income Trust II - Monthly Distribution and ... - PR Newswire (press release)

Global Diversified Investment Grade Income Trust II - Monthly Distribution and ...
PR Newswire (press release)
Global DIGIT II provides an economic interest in an equity tranche of a credit default swap agreement in respect of portfolios of residential mortgage-backed securities, commercial asset-backed and mortgage-backed securities, consumer asset-backed ...
Monthly Distribution and Net Asset Value as at May 15, 2012 DigitalJournal.com (press release)

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FDIC Sues on Mortgage-Backed Securities Sold to Failed Banks - San Francisco Chronicle


Latin American Herald Tribune
FDIC Sues on Mortgage-Backed Securities Sold to Failed Banks
San Francisco Chronicle
The defendants misled investors in the registration statements for the securities, according to the FDIC. The cases are Federal Deposit Insurance Corp. v. Bear Stearns Asset Backed Securities I LLC, 12-cv-4000; Federal Deposit Insurance Corp. v.
FDIC sues big banks over mortgage debt losses Chicago Tribune

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TEXT-S&P rates ARI Fleet Lease 2012-A notes prelim 'AAA (sf)' - Reuters

TEXT-S&P rates ARI Fleet Lease 2012-A notes prelim 'AAA (sf)'
Reuters
May 21 - Standard & Poor's Ratings Services today assigned its preliminary 'AAA (sf)' rating to ARI Fleet Lease Trust 2012-A's $419.0 million floating-rate asset-backed notes. The note issuance is an asset-backed securities transaction backed by a ...

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JPMorgan Veered From Hedging Practices at Banks With Credit Bets - San Francisco Chronicle

JPMorgan Veered From Hedging Practices at Banks With Credit Bets
San Francisco Chronicle
"We bought some triple-A securities that we think are as good as gold." About half of the $381.7 billion in JPMorgan's chief investment office portfolio is in company bonds, asset-backed securities and mortgage debt not backed by the US government, ...

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TEXT-S&P cuts 8 COMM 2004-RS1 ratings - Reuters

TEXT-S&P cuts 8 COMM 2004-RS1 ratings
Reuters
According to the May 3, 2012, trustee report, COMM 2004-RS1 was collateralized by 15 commercial mortgage-backed securities ($77.1 million, 30.7%) from 11 distinct transactions issued in either 2001 or 2004. The current assets also included six classes ...

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Cutting Ratings Reliance, CDS Probe, FDIC Suit: Compliance - BusinessWeek

Cutting Ratings Reliance, CDS Probe, FDIC Suit: Compliance
BusinessWeek
The defendants misled investors in the registration statements for the securities, according to the FDIC. The cases are Federal Deposit Insurance Corp. v. Bear Stearns Asset Backed Securities I LLC, 12-cv-4000; Federal Deposit Insurance Corp. v.

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