Latest RMBS news

  • US home construction down for second straight month

    The US housing market saw a slowdown in construction as new build starts fell for a second straight month in September.

    • 21 Oct 2016
  • ABS investors balk at aggressive buy-side sellers

    Private equity firms and asset managers have jumped on a recent spread rally in ABS to lock down lucrative deals at attractive rates. The introduction of new, more aggressive structural features is a sign of the changing issuer base, but investors are starting to push back, writes David Bell.

    • 20 Oct 2016
  • Goldman lands Dynamic Dutch debut

    Dynamic Credit, the Dutch fixed income asset management firm, has stepped into the RMBS market for the first time with a debut €275m Dutch mortgage deal that sold the full capital structure.

    • 20 Oct 2016
  • Cerberus-backed lender lines up second French RMBS deal

    GE Money Bank in France, bought by US private equity firm Cerberus Capital Management in June, will tap the French RMBS market for a second time this year.

    • 20 Oct 2016
  • SFR down in 2016, but sporadic issuance to continue

    Issuers have come to market with only a handful of single family rental (SFR) securitizations in 2016, but a spate of recent deals shows that issuance should continue in fits and starts as aggregators of rental homes use ABS for balance sheet relief.

    • 19 Oct 2016
  • Peripheral yield draws new ABS buyers, but investors question rally

    Union De Créditos Inmobiliarios (UCI) expanded the investor base for its Prado Spanish RMBS shelf in its latest deal despite taking a bullish stance on pricing. However, not all investors are convinced the peripheral rally will last.

    • 19 Oct 2016
  • Spanish RMBS revival boosted by second deal

    Union de Creditos Immobiliarios (UCI) has mandated leads for a third Spanish RMBS deal, after Blackstone landed €212m of notes backed by a portion of its portfolio of Spanish reperforming mortgages.

    • 17 Oct 2016
  • Last GE collateral to be sold in second Hawksmoor

    Guidance on UK RMBS Hawksmoor Mortgages 2016-2 was released on Thursday, and though it was much tighter than the first Hawksmoor deal, bankers were confident of a strong reception, partly due to the fact this will be the last collateral acquired from GE Capital portfolio.

    • 14 Oct 2016
  • Goldman-financed Dutch RMBS deal breaks cover

    A debut RMBS deal from Dutch lender Dynamic Credit has surfaced, with Goldman Sachs arranging the transaction after warehousing the assets for more than a year.

    • 13 Oct 2016
  • Pent-up demand pours into latest Cerberus RMBS deal

    After a quiet summer and with reduced UK RMBS supply expected, investors took advantage of a small spread concession to pile into Cerberus’s latest UK RMBS deal, Towd Point Mortgage Funding-Auburn 10, on Tuesday.

    • 13 Oct 2016

RMBS news archive

New! GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 7,029 20 10.95
2 Bank of America Merrill Lynch (BAML) 6,703 19 10.45
3 JP Morgan 4,776 10 7.44
4 Credit Suisse 4,718 9 7.35
5 Deutsche Bank 4,262 13 6.64

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Oct 2016
1 Wells Fargo Securities 67,591.81 167 11.54%
2 Bank of America Merrill Lynch 57,568.62 162 9.83%
3 JPMorgan 55,390.36 159 9.46%
4 Citi 55,051.46 160 9.40%
5 Credit Suisse 43,756.73 120 7.47%