SEC hands CLOs a regulatory break with fund-of-funds clarification

Senate bill spells trouble for $50bn+ SFR RMBS market

The 21st Century ROAD to Housing Act is already having a dampening effect on private real estate, 9fin reports.

Oil rally squeezes Mexico fiscal accounts, but Pemex aid is safe

9fin | The oil price rally triggered by the Middle East conflict will directly impact Mexico's government budget and could affect the massive support for state-owned company Pemex

Long yarn — How Michaels Stores weaved through distressed debt, tariffs and bankrupt competitors to clinch refinancing

Wells Fargo launches warehouse lending review after MFS exposure

9fin | Wells Fargo has launched a comprehensive review of asset-backed warehouse lending from its European securitised products business, in the wake of its exposure to collapsed bridging lender Market Financial Solutions.

LatAm Weekly — Oil price shock means upside for some producers, and Braskem gets a green light

MFS auditor also borrowed money from MFS

9fin | Ajay Yadav, the founder and managing director of the firm that audited collapsed UK specialist mortgage lender Market Financial Solutions and was the accountant for most of its funding vehicles, also owns a company that borrowed from MFS against properties on the outskirts of London.