Expect[ed] Loss

––– a weblog focusing on fixed income financial markets, and disconnects within them

Thursday, February 16, 2012

Withdrawing, Confidently

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As structured finance deals wind down and the asset pools grow smaller, the situation often arises that the effectiveness of outstanding tra...
6 comments:
Friday, February 3, 2012

Analysis of The Shortcomings of Statistical Sampling in the Mortgage Loan Due Diligence Process

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This is a popular litigation-related piece on our website we thought we'd share through this post (pdf version available here ) - enjoy ...
2 comments:
Thursday, January 26, 2012

Illinois Attorney General Sues S&P – Initial Thoughts

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Credit risk ratings are becoming a risky business. Yesterday’s filing of the complaint against S&P (MHP) centers, in essence, on the all...
3 comments:
Monday, January 23, 2012

The Mortgage Litigation Hangover (and who knew what, when)

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Aside from the relatively new foreclosure disputes, including those relating to MERS, the big banks continue to suffer the ill-effects of la...
Thursday, January 12, 2012

A Fair (Value) Solution

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Hello readers, and a belated welcome to 2012! In yesterday's FT Citigroup CEO Vikram Pandit advocates for heightened transparency acro...
2 comments:
Thursday, December 1, 2011

The Art of Pricing (and the Heart of the War)

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The fight for transparency in the financial markets is gaining traction. Even maverick Judge Rakoff, in his SEC v. Citi settlement ruling, g...
Tuesday, November 22, 2011

Cross-Border Collateral Complexities

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by PF2 consultant Rick Michalek It's 11:59pm. Do you know where your collateral is? The question of how to locate and ensure the realiza...
Monday, November 7, 2011

Return of the TruPS CDO

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The good news, for investors in TruPS CDOs, is that at least one rating agency has responded to our calls for upgrades . Moody’s, in two sep...
1 comment:
Friday, October 28, 2011

What Value the Rating?

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I often ask myself how valuable any sell-side research can be, given the obvious conflicts being suffered through by a banks’ research team....
Monday, October 10, 2011

Will S&P's Wells Notice Change Their Behavior?

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The role of the credit rating agencies in the recent financial crisis has been highlighted by numerous investigations including the Financia...
2 comments:
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