RMBS - All Articles

  • Cédulas spreads to tighten as asset quality weakens

    The Spanish government’s decision to extend laws that prohibit tenant evictions is a blow for the credit strength of the country's covered bond and mortgage securitizations. But even so, supply scarcity will continue to have more influence on Cédulas valuations and spreads, which have already tightened this year and may well have further to go.

    • 21 Jan 2021
  • Securitization can help the UK but the government must do its part

    Securitization can play a part in the UK’s economic recovery from the coronavirus pandemic but it needs the government to keep the housing market alive.

    • 19 Jan 2021
  • Morgan Stanley brings RMBS with new yield boost feature

    Morgan Stanley is marketing an Irish re-performing RMBS, Shamrock Residential 2021-1. The deal includes a new structural feature for the European market, which juices the yield on the portfolio by diverting a portion of principal payments to this purpose.

    • 19 Jan 2021
  • Lendco brings first RMBS deal after market opens

    Cabot Square Capital-backed mortgage originator Lendco has announced its first UK RMBS deal after the securitization market fully reopened on Friday for 2021.

    • 18 Jan 2021
  • Bank balance sheets could be obscured, says Coen

    The impact of coronavirus on economies has led to extraordinary help being granted to banks and their customers. But this brings the risk of problems on banks' balance sheets being hidden, according to William Coen, former secretary general of the Basel Committee on Banking Supervision.

    • 14 Jan 2021
  • MEPs vote through harmonised NPL secondary market

    The European Parliament's Committee on Economic and Monetary Affairs (ECON) has voted through regulation to harmonise the secondary market for NPLs across Europe, pushing through a key stage of its Action Plan aimed at rebuilding the European economy post-pandemic.

    • 14 Jan 2021
  • TwentyFour out with first public RMBS of 2021

    TwentyFour Asset Management has announced the first public UK buy-to-let RMBS of 2021, a £337m deal called Hops Hill 2021.

    • 11 Jan 2021
  • PCS expands outreach team with ABS market pro

    STS third-party verifier Prime Collateralised Securities (PCS) has hired Harry Noutsos as a managing director in market outreach.

    • 11 Jan 2021
  • UK RMBS market anticipates moratorium extensions

    Charities are calling for the UK government to extend the ban on evictions set to end on January 11, prompting speculation in the ABS market that mortgage moratoria will also be extended, thanks to the third lockdown now underway.

    • 07 Jan 2021
  • Libor securitizations count down to April repo deadline

    The European securitization market needs to whittle down its remaining ‘tough Libor’ legacy contracts without relying on help from the UK regulators, said the Association for Financial Markets in Europe (Afme) on Wednesday.

    • 06 Jan 2021
  • Call for nominations and pitches — European Securitization Awards 2021

    GlobalCapital is pleased to invite nominations for its 2021 European Securitization Awards, seeking to recognise the most notable and innovative deals, banks and market participants of 2020. We would also welcome pitches for Overall Securitization Bank of the Year, Securitization Deal of the Year, and Private Securitization of the Year.

    • 05 Jan 2021
  • Sterling-heavy Q1 in store for securitization

    The securitization market is expecting January to be dominated by sterling issuance, after a Brexit deal was finalised on Christmas Eve, with non-bank issuers revving up for 2021. SPV filings suggest Cerberus, Davidson Kempner, Belmont Green, and Kensington are all readying deals.

    • 05 Jan 2021