Latest news
Latest news
Key points of contention include the investor sanctions regime and the definition of 'resilience'
Magnetar and Chorus Capital lose experienced pros
Vida Bank is also building up its funding team
More articles
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BNP Paribas has named Andrew Shapiro as head of loan syndications and trading as well as head of structured finance for the U.K.
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Clydesdale and Yorkshire Bank Corporate & Structured Finance has launched a new corporate asset finance team.
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A recent New York Supreme Court decision calls into question how mortgages are transferred and reported in securitizations and could have sweeping implications for mortgage foreclosure timelines, according to lawyers and market players.
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The National Credit Union Administration said it has completed its sale of legacy collateral it took on during the crash and isn’t planning anymore future sales, dashing banks’ hopes that there might be another $15 billion of legacy securitizations waiting on the administration’s balance sheet.
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Northern Rock’s newly rebooted securitization program is not expected to be affected by the planned reprivatization of the government-owned bank, according to London-based market professionals.
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CQS, a London-based credit hedge fund, says it will close its CQS ABS Fund to new investors once its assets under management reached $2 billion.
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Paragon Mortgage will issue a new securitization of U.K. buy-to-let residential mortgages during the third quarter, likely sized at around £200 million ($322 million), John Harvey, head of structured finance, confirmed to TS.
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Credit Suisse is aiming for the next batch of National Credit Union Administration’s re-securitized legacy bonds, looking to compete with Barclays Capital for the rights to structure and market the $15 billion portfolio, according to an official close to the issue.
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J.G. Wentworth, the Radnor, Pa.-based specialty finance company, has completed a $265 million securitization of payment rights under structured settlement and fixed-annuity purchase contracts.