Where results make sense

About us   |   Why use us?   |   Reviews   |   PR   |   Contact us

Topic: Asset-backed security

    Note: these results are not from the primary (high quality) database.

Asset-Backed Securities, by Phillip L. Zweig: The Concise Encyclopedia of Economics: Library of Economics and Liberty Not surprisingly, asset-backed securities evolved out of the mortgage-backed securities market, which developed in the seventies when interest rates surged and thrift institutions found themselves saddled with residential mortgages that were earning less than what they were paying for deposits. Asset-backed securities enable depository institutions, finance companies, and other corporations to "liquefy" their balance sheets (i.e., raise cash by borrowing against assets) and develop new sources of capital. Assets such as credit cards, automobile loans, and home equity loans are packaged as the collateral for intermediate-term (i.e., maturity of one to five years) securities and sold in the public markets or as private placements. www.econlib.org /library/Enc/AssetBackedSecurities.html

Asset-Backed Securities - Munich American Re Most ABS backed by these loans have been issued by U.S. auto makers' captive finance subsidiaries, but independent finance companies and banks are also floor plan lenders and are beginning to issue securities backed by these assets. A related asset class that has been securitized is dealer floor plan loans, which are loans made to auto dealers to finance purchases of automobiles for their inventory. Since securities enhanced with letters of credit from these lenders faced possible downgrades as well, issuers began to issue cash collateral accounts instead of letters of credit in cases where external credit support was needed. www.marclife.com /research/abs.htm

"Mortgage-Backed Security" "Mortgage-Backed Obligation" definition Similar securities or bonds backed by other forms of collateral or assets, such as credit-card receivables, car loans or mobile home loans, are called ‘asset-backed securities or bonds’, as distinguished from the various forms of ‘mortgage-related securities’. Alternatively, the security may be a ‘modified-pass-through’ so that the holder of the security is guaranteed monthly payments of interest, regardless of whether the payments of interest and principal are adequate to meet such payments. The offering of the securities, bonds or obligations backed by a pool of mortgages is referred to generally as a ‘securitized-mortgage offering’. www.deltaalpha.co.uk /terms/mortgagebacked.html

Credit and Finance Risk Analysis - Asset-Backed Securities and Structured Finance Asset Backed Securities (ABS) are securities that are issued with a structure that repayment is intended to be obtained from an identified pool of assets. Issuance of the Commercial Paper will be backed up by a Liquidity Facility made up of banks that are committed to paying off maturing commercial paper, and perhaps, a credit derivative structure that protects investors, and/or a Credit Facility such as a Letter of Credit Facility that would provide additional over-collateralization of the assets. Similar to residential mortgage backed securities in form and function, however the mortgages in the pool are on multi-family or commercial real estate (industrial and warehouse properties, office buildings, retail space, shopping malls, cooperative apartments, hotels, motels, nursing homes, hospitals and senior living centers). www.credfinrisk.com /assetsecure.html

Asset-backed Securities Investors in mortgage-backed securities are, in face, purchasing a piece of a mortgage pool, taking into consideration such factors as maturity and the spread between the yield on the mortgage security and the yield on 10-year Treasuries (considered a benchmark in this market). The assets that can be securitized seem to be limited only by the imagination of the packagers, as evidenced by the fact that by 1996 new asset types include royalty streams from films, student loans, mutual fund fees, tax liens, monthly electric utility bills, and delinquent child support payments. Investors in mortgage-backed securities assume little default risk because most mortgages are guaranteed by one of the government agencies. www.womeninvesting.net /asset_backed_securities.html

Asset Backed Securities Asset backed securities were first offered in the mid 1980’s and today rank as one of the fastest growing segments of the fixed income market. Asset Backed Securities (ABS) are pools of financial obligations - automobile loans, credit card receivables, home equity loans, etc., that have been securitized and packaged for sale to investors. Automobile loan asset backed securities are the second largest group of outstanding ABS, after credit card ABS. www.allegiancecapital.com /sctn4g.html

SEC asset-backed securities proposed rules Generally, because asset-backed securities are paid from cashflow from pooled assets, disclosure concerning transaction participants has been limited. For assets that by their nature revolve (e.g., credit cards, home equity lines of credit), there is no limit on the amount of assets that may revolve or the length of the revolving period. These materials are referred to as structural term sheets, collateral term sheets and computational materials and include information on the collateral, structure and expected performance of the assets and securities and are used by investors in analysing the proposed offering. www.globalsecuritisation.com /04americas/136_139.htm

Asset-Backed Securities A special purpose trust or instrument is set up which takes title to the assets and the cash flows are "passed through" to the investors in the form of an asset-backed security. The wonder of securization is that it takes a wide variety of formerly illiquid and directly held assets and makes them available to many investors in the form of asset-backed securities. All asset-backed securities are securities which are based on pools of underlying assets. www.finpipe.com /assback.htm

Proposed Rule: Asset-Backed Securities; Release Nos. 33-8419; 34-49644; File No. S7-21-04 For the general definition of “asset-backed security,” the amount of proceeds that may be used for a prefunding period may be up to 50% of offering proceeds and the length of the prefunding account may last up to one year from the date of issuance of the asset-backed securities. In that instance, the asset-backed securities are not backed solely by financial assets that “by their terms convert into cash,” because the transaction also involves a physical asset that must be sold in order to obtain cash. The financial asset was held by the issuing entity and was a part of the asset pool for the asset-backed securities. www.sec.gov /rules/proposed/33-8419.htm

RealCorporateLawyer.com Shelf Offerings In a typical delayed shelf offering, a certain number of securities or dollar amount is registered through means of a "base prospectus," also referred to as a "core prospectus." This prospectus will contain only very general information about the issuer, the securities being offered and the plan of distribution. See more at “What is the difference between a “delayed” and “continuous” shelf offering?” In addition, a controlling person of an issuer may sell a large block of securities of that issuer in a registered “at the market” equity offering without compliance with the conditions imposed on issuers that engage. If at the time of the private offering, the issuer is engaged in a "takedown" or offering securities pursuant to a continuous offering, the five-factor test of Rule 502(a) must be considered. www.realcorporatelawyer.com /faqs/shelf.html

asset backed securities Asset Backed Alert Countrywide Securities is establishing a new... Green Tree Servicing's Asset-Backed Securities (ABS) Web site is designed to provide direct access to the most current information on ABS deals we service. Asset-backed securities are bonds that are based on underlying pools of assets. www.allaconsolle.it /finanza/asset/asset-backed-securities.php

RealCorporateLawyer.com Asset-Backed Securities An asset-backed security is said to be "credit enhanced" if there is some feature present in the transaction that makes it more likely that the holder of the asset-backed security will receive the principal or interest owed to her. They are said to be "backed" by assets because the performance of asset-backed securities is dependent upon the performance of the underlying assets. If the pool of underlying assets backing an ABS is similarly concentrated - but instead there is recourse to property (or a group of cross-collateralized properties) - the financial statements of the property (or the group of cross-collateralized properties) should be included in the prospectus. www.realcorporatelawyer.com /faqs/absfaq.html

Asset Backed Securities If you clearly want to dig up more about topics related to asset backed securities, then you need to be accommodating and set aside the time needed to locate the stellar sources to aggregate the material. We have sought out lots leading websites on the subject of asset backed securities and we have found that there is reliable info as well as low quality info. The world wide web has a large quantity of tips on asset backed securities areas and all of it is accessible by simply searching everything on hand. www.mortgage-free-solutions.com /asset-backed-securities

III - Asset-backed Securities The asset-backed securities market has grown as different types of loans are securitized and sold in the investment markets. Home equity loans accounted for 20.4 percent of asset-backed securities outstanding in 2003, up from 18.6 percent in 2002 and 10.5 percent in 1995. Asset-backed securities (ABS) are bonds that represent pools of loans of similar types, duration and interest rates. www.iii.org /financial2/securities/assetbacked?table_sort_735012=4

Mortgage-Backed Securities asset-backed security A securitized interest in non-mortgage assets. A mortgage-backed security (MBS) is a securitized interest in a pool of (typically residential) mortgages. In the United States, most are issued by quasi-federal agencies Fannie Mae, Freddie Mac, or Ginnie Mae that implicitly have the full backing of the US Treasury. www.riskglossary.com /articles/mortgage_backed_security.htm

Asset-Backed Securities We have represented clients in CDO transactions securitizing a variety of assets, including high-yield bonds, bank loans, project loans, asset-backed securities, CBO/CLO debt and equity, perpetual floating rate notes, credit‑linked notes, common stock, stock index funds, synthetics securities, trust preferred stock, and real estate assets. Orrick served as underwriter's counsel for utilities in Michigan, Pennsylvania and New Hampshire in connection with the offering of securities backed by stranded costs surcharges. Orrick has served as counsel in connection with the origination and securitization of securities backed by franchisee loans. www.orrick.com /practices/structured_finance/asset.asp

asset backed securities News and information about asset backed securities can be hard to find, especially if you need specific advice not only about If you are totally fanatical about this then I highly recommend you check out this web site whilst this opportunity lasts, but also with crown asset and asset inventory. My conversation with John lasted for hours and at the end of it I asked John if I could add some of his words of wisdom to a breakthrough enables you to find a product or service that delivers the kinds of choices you need to make educated decisions about asset backed securities. If you need a resource specializing in asset backed securities... www.1-replica-rolex-watches.com /asset/asset-backed-securities.html

Elanam: Asset backed securities You can find backed securities Asset stuff for your needs. www.elanam.com /finance/asset-backed-securities.html

SEC Proposes Thrift Exception from Advisers Act, Comprehensive Disclosure Requirements for Asset Backed Securities; Adopts Supervision Programs for Broker-Dealers and Affiliates; Press Release 2004-58; April 28, 2004 The proposals considered today are intended to clarify the regulatory requirements for asset-backed securities in order to increase market efficiency and transparency and provide more certainty for the overall ABS market and its participants. Washington, D.C., April 28, 2004 — The Securities and Exchange Commission today voted to publish for comment a rule that would provide an exception from the Investment Advisers Act for thrifts and new and amended rules and forms for registration and reporting for asset backed securities. The Commission also voted to propose new and amended rules and forms to address comprehensively the registration, disclosure and reporting requirements for asset-backed securities under the Securities Act of 1933 and the Securities Exchange Act of 1934. www.sec.gov /news/press/2004-58.htm

Introduction to Asset Backed Securities - Online It shows how an asset-backed security is constructed, rated by the credit agencies, traded, and valued. This introductory course guides students through the evolution of asset securitization, which results in new products for investors and expanded sources of funding and risk transfer opportunities for issuers. The course also explores the different ABS market segments, from the large, established segments like automobile loans, to emerging and sub-prime market segments. www.ftknowledge.com /courses/fimk_1012.html

About Mortgage Backed Securites and Asset Backed Securities -- Southbrook Capital Management LLC For unknown historical reasons, bonds backed by high quality mortgage loans are considered Mortgage Backed Securities (MBS) despite the fact that technically they fall into the broader definition of Asset Backed Securities (ABS). Bonds backed by home equity loans and other home loans less than high quality are considered Asset Backed Securities. For example, auto loans or credit card loans are commonly pooled to make asset backed securities. www.southbrookcapital.com /about_mbs.html

Asset-Backed Securities during the so-called Amortisation Period, are the payments then used for the complete repayment of the Asset-Backed Securities. In the case of the securitisation of revolving receivables a fixed issue volume with fixed maturity is backed by a pool of collateral comprising receivables of varied amounts and variable - sometimes also initially indefinite - maturity periods. Because of a recent case I draw your attention to the fact that the securitisation of revolving receivables is not dealt with in Circular 4/97 dated 19 March 1997. www.bakred.de /texte/rundsch/rs13_98e.htm

real estate - shopping - businessasset backed securities Fast-Growing Countrywide Enters CDO Arena Asset Backed Alert   Countrywide Securities is establishing a new unit that would issue, underwrite and manage collateralized debt obligations... Analysis of the market for asset and mortgage backed securities. Assetbacked securities may be insured by bond insurers. www.cereus7.com /15350-assetbackedsecurities.htm

Household: Investors - Asset Backed Securities Prospective investors should also consult their own financial and legal advisors about risks associated with investment in a particular issue of securities and the suitability of investing in the securities in light of their particular circumstances. This Website and the information contained herein has been prepared solely for informational purposes only and does not constitute an offer or the solicitation of an offer for the purchase or sale of any securities. For further information concerning any of these securities, please consult with an investment advisor or broker. www.household.com /corp/hi_in_abs_data.jsp

Securitization.Net Asset Backed Alert, Harrison Scott Publications Inc. (5/27/2005) For the purposes of regulating pilot projects of credit assets securitisation, protecting the legal rights and interests of investors and relevant parties...more China: 2005 Administrative Measures on Pilot Projects of Credit Assets Securitisation www.securitization.net

Asset-Backed Securities This area provides access to servicer reports and prospectuses for public Automotive Asset Backed Securitization (ABS) transactions for which DaimlerChrysler Services acts as Servicer. investor.chryslerfinancial.com /securitization/securities.html

Radian Asset Backed Structured Finance - Asset Backed Securities We concentrate solely on investment-grade transactions that are backed by high-quality assets, predictable cash flows or highly rated corporate obligations. By buying Radian-insured asset-backed securities, investors eliminate credit and downgrade risks and enjoy significant yield pickup compared with natural AA or AAA securities. And we focus on markets in which we have particular expertise and resources. www.radianmi.com /structured/asset.aspx

absreports.com - The Independent Securitisation Data Zone The guidelines are intended to provide a common ground of terms and requirements for publishing, confirming and comparing information regarding European asset- and mortgage-backed securities and improving the quality, uniformity and availability of pre- and post-issuance reporting for European securitisation transactions. Our collaboration with Financial Times Interactive Data which was launched in spring of this year, now enables subscribers to absreports and FTID to view daily evaluations for over 1,000 individual European ABS securities in 12 asset classes including RMBS, Whole Business securitisation, Credit Cards, CLO (Synthetic and True sale), PFI/PPP and Lease deals. absreports.com as a member of the Forum is grateful for the opportunity to have contributed to the production of the guidelines and is pleased to confirm our current asset class specific collateral and securities reporting fields substantially meet and exceed the new recommendations.. www.absreports.com

Asset-Backed Securities - Piper Jaffray Interest and principal payments in asset-backed securities come from a pool of consumer or business receivables and originate as loans issued by a wide range of businesses. One of our financial advisors can help you decide where asset-backed securities might fit in your investment portfolio. Asset-backed securities usually offer higher yields than other AAA-rated securities with comparable maturities. www.piperjaffray.com /info3.aspx?id=174

ABSNet... The SOURCE for Securitization Information Commercial mortgage-backed securities investors, analysts and rating agency executives are taking aim at deteriorating underwriting standards, lower subordination levels and non-traditional collateral that continue to be a major issue with new deals... Countrywide Securities is establishing a new unit that would issue, underwrite and manage collateralized debt obligations. Register here to access securitization deal performance data, news, spread quotes, and other research. www.absnet.net

Try your search on: Qwika (all wikis)

About us   |   Why use us?   |   Reviews   |   Press   |   Contact us   Copyright © 2005-2007 www.factbites.com Usage implies agreement with terms.