Blog

Our thoughts on news that matters.

Mortgage Litigation. One-A-Day Plus Iron

Here we are almost 8 years since the Global Financial Crisis, and mortgage litigation newsfeeds are cranking out about one major headline per day. In February so far, we have found the following stories related to disparate banks (that we will not name here): $470 million settlement of US Mortgage Abuse Claims $131 million payment […]

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Energy in CLOs

So according to ZeroHedge there is $325 billion of debt outstanding at energy companies that have negative cashflow under current conditions. The IG Energy Index (BoA) comprises about $683 bn of face and the HY Energy Index comprises about $196 bn. So almost a third of the industry debt outstanding is related to negative cash-flow […]

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Falling Shelves

There have been many books piled on the Junk Bond shelf, and now they may be crashing. Corporate Debt outstanding has more than doubled since the financial crisis, while the balance sheet allocated to liquidity by the big banks has dropped more than 70%. Now that Third Avenue’s Credit Fund has suspended redemptions, the market […]

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Scuttlebutt from Carlsbad

We were pleased with the activity level at the CLO Summit in Carlsbad. Lots of scuttlebutt and market color. We came across several originated loan situations that were interesting, and these suggest that there will be continued innovation in CLOs going forward (call for details). Not all loan markets have been intermediated by securitization yet. […]

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OPAL 3rd Annual CLO Summit!

DealVector has exhibited at every CLO Summit, and we can tell you they have been getting better and better with more attendees and firms attending. Join us again in Carlsbad, CA next week and stop by the booth to see our latest exciting product roll-outs. If that alone is not enough to entice you, take […]

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Blocked from the Blockchain

Does DealVector rely on Blockchain technology? We get this question a lot, especially because there is so much blockchain activity in Fintech investing. Blockchain is the new tool for providing trusted ledgering services without the need for an intermediary organization. It has been a hot area for venture capital. Since DealVector allows users to connect […]

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The Big Short trailer

The trailer for The Big Short movie is out; there are heros and villains. In case you were wondering, the banks are the villains. (Some of the heros are clients of ours). The trailer rocks to Led Zeppelin’s “When the Levee Breaks”, which is a nice choice. The collapse of excessive leverage is exactly like […]

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PIRing into RMBS Breaches

At DealVector we have observed renewed interest in RMBS breaches because some investors believe they have found new potential avenues for avoiding the Statute of Limitations constraints that had otherwise time-barred a great deal of litigation. This is a big story. For a great discussion of certain aspects of these breaches, recent case-law, and deal […]

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Leaving on a Jet Plane (for ABS East)

Bags are packed as we are ready to fly to Miami for ABS East and a rendez-vous with credit adventure. With some exciting customer mandates to work on and new products to unveil, DealVector is ready for an exciting event. Even mature markets are experiencing innovation these days, and ABS is no exception. So leave […]

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Be Anti-Fragile in a Crisis

Nassim Taleb describes systems that benefit from dis-order rather than fracturing, like glass, in the face of stress or uncertainty. Think of the superior information processing found in market capitalism (anti-fragile) versus communism (fragile). Now that it seems crisis is upon us again, it is worth revisiting why we created DealVector. The 2008 GFC revealed […]

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