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...Re-remics surged in popularity after the financial crisis as a way for banks to breathe new life into downgraded securitised assets....
...A number of the refused transactions include so-called re-Remics, the controversial resecuritisations of existing bundled debt structures, said Mr Linnell....
...Related links: Rating re-Remics – FT Alphaville The RE-REMIC phenomenon – Deloitte The Re-Remic gimmick? – FT Alphaville...
...Cloneworld is the fourth of Remic’s novels to feature Combat K, an interstellar black ops unit fighting for the Quad Galaxies (humans) against the Junks (aliens)....
...Related links: Testing re-Remics – FT Alphaville Rating re-Remics - FT Alphaville...
...The whole thing is worth a read for a quick catch-up on the foreclosure scandal and its ramifications, but here’s the Remic-related bit: Most mortgage trusts were set up as REMICs (Real Estate Mortgage...
...of the 2006 ABC REMIC Trust.”...
...Remics get tax-free status, but only if they do not acquire any new assets after the trust closes....
...Remic structure and distorting investor yields....
...Related links: Rating re-Remics - FT Alphaville Re-remicking the crisis – FT Alphaville...
...This is an approach the agency has taken recently with its recent commentary on US re-REMICs....
...S&P will only rate re-Remics in which it can also rate the underlying bonds, while Moody’s won’t rate re-Remics where it’s in the process of re-rating the underlying bonds....
...talk in the market place of FDIC doing a “re-REMIC” of outstanding MBS or ABS....
...It is also making a name for itself in rating re-Remics. Now, whither Egan-Jones? Related links: Is the private label securitization market about to make a comeback?...
...- More rating agency hi-jinx with re-Remics. - Deripaska wins, but not in the way he would want to - Austria is Erste to be bothered by Basel III....
...Re-remics. Repeat?...
...Remics – the real estate mortgage investment conduits used to pool and securitise residential and commercial mortgages....
...This would allow for the resulting influx of re-REMICs, and create the space for approval on a limited basis. Now re-Remics, for all their seeming complexity, are basically re-packaged CDOs....
...- Bonfire of the four-month-old re-Remic. - Further, further reading....
...Lehman is the only creditor able to actively negotiate a workout because the other USD 1bn of loans were sold off to various CMBS vehicles governed by stringent real estate mortgage investment conduit (REMIC...
...securities to create new remic securities....
...the loans without losing the REMICs’ favoured tax status....
...And that’s not even to mention the current benign environment for CMBS resecuritisations like re-Remics. (H/T The Daily Capitalist)....
...On FT Alphaville Thursday morning, - Re-remic-ing the Talf. - Islamic finance to the rescue? - Morgan Stanley and VaRiations. - Latvia jitters creeping back. - Now that’s a pay-off at Porsche....
...If not, perhaps Titan Europe 2006-3 can re-remic themselves into Olympian Europe....
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