Latest RMBS news

  • US private label mortgage market stages comeback

    A decade after the shutdown of the US RMBS market, private label issuance is picking up steam again, with a growing number of both prime and non-prime lenders tapping hot capital markets for funding away from the government sponsored enterprises (GSEs).

    • 20 Jul 2017
  • Think before EU speak

    “What were they thinking?” cried the European ABS market this week as the full impact of what originally seemed like an innocuous ban on an already illegal mortgage product became clear.

    • 20 Jul 2017
  • Late EU rule on MBS threatens NPL solution and legacy market

    European authorities' last minute change to regulatory proposals for European securitizations has the potential to cripple the supply of MBS backed by legacy mortgages by banning any European transaction that contains what regulators classify as self-certified loans. Sam Kerr reports.

    • 20 Jul 2017
  • Charter Court prices prime UK RMBS deal

    UK mortgage lender Charter Court Financial Services has priced its latest RMBS deal to strong investor demand and tight spreads.

    • 20 Jul 2017
  • RNHB markets mixed MBS transaction

    A Dutch buy-to-let RMBS offering from RNHB, which is expected to be priced next week, is piquing the interest of investors with commercial real estate exposure on top of the residential collateral pooled in the deal.

    • 18 Jul 2017
  • Market sees no easy NPL fix despite Commission's plan

    The European Commission laid out a plan this week to shrink Europe’s mountain of toxic debt, but sources with an eye on the non-performing loans market say that a solution will be harder to come by than the Commission’s proposal suggests.

    • 13 Jul 2017
  • RBS settles RMBS claim for $5.5bn

    RBS has settled with the Federal Housing Finance Agency over its underwriting of US RMBS, paying $5.5bn for the agency to withdraw its litigation, though it will receive $754m back under an indemnity. Much of the charge was already provisioned, meaning the bank will record an extra charge of only $196m in its second-quarter numbers.

    • 13 Jul 2017
  • Wells under fire over legacy RMBS trust issues

    Legal wrangling over crisis-era US RMBS took another turn this week, following trustee Wells Fargo’s decision to hold on to $94m of investor proceeds from $540m of called bonds to fund legal costs relating to RMBS lawsuits. The move has shocked the market and prompted Fitch Ratings to put $2.2bn of similar bonds on rating watch negative, writes David Bell.

    • 12 Jul 2017
  • HSBC, ABN Amro win Dutch RMBS mandate

    RNHB Hypotheekbank has mandated HSBC and ABN Amro to arrange its first RMBS offering of the year.

    • 12 Jul 2017
  • Northview markets new RMBS shortly after RMS 30 pricing

    Northview Group is looking to sell its second RMBS deal of the month, coming to market soon after its non-conforming RMS 30 offering was sold last week.

    • 11 Jul 2017

RMBS news archive

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 4,759 19 12.03
2 Citi 4,288 14 10.84
3 Rabobank 2,633 4 6.65
4 Goldman Sachs 2,615 4 6.61
5 Barclays 2,603 8 6.58

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Bank of America Merrill Lynch 57,210.26 177 12.39%
2 Citi 56,957.04 171 12.34%
3 Wells Fargo Securities 47,551.45 149 10.30%
4 JPMorgan 32,965.91 111 7.14%
5 Credit Suisse 23,990.96 75 5.20%