Latest news
Latest news
Cash SRT pipeline fires up earlier than usual
A new European data centre sponsor, Dutch buy-to-let back in business, CLO equity squeezed and a Bitcoin backed deal
€300m of reoffered bonds priced at par, another tranche to be placed privately
More articles
More articles
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Cartesian 5, the Dutch prime RMBS from Venn Partners, saw its senior tranche five times covered on Tuesday, driving a print through secondary levels and a possible move tighter across secondary markets for prime assets. -
Data from the Association for Financial Markets in Europe (Afme) shows placed securitization volumes in Europe at the lowest level since 2011, when the market was still recovering from the global financial crisis.
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Securitization data repositories proposed by Dutch MEP Paul Tang back in 2016 will begin their application process on September 23 this year, requiring both EU and UK ABS issuers to report data to the new entities.
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The governments of the UK and the Netherlands are considering tax changes that will impact buy-to-let (BTL) mortgage origination in each country, hitting the two largest markets for BTL RMBS.
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The Federal Housing Finance Agency (FHFA) has delayed the implementation date of the adverse market refinance fee to December 1, following a wave of criticism from mortgage market participants. With more time to prepare before implementation, sources say the fee is a logical move on the part of the agencies to allow all players in the market to benefit from low mortgage rates, as well as shore up capital to cover losses stemming from the pandemic.
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ARA Venn has mandated a consortium of banks led by arranger BNP Paribas for Cartesian Residential Mortgages 5, an upcoming prime Dutch RMBS set to be offered publicly, in a sign that primary issuance is returning.
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The Federal Reserve announced on Thursday that it will allow inflation to run higher than the long running 2% target, a long awaited and historic shift in monetary policy that marks the start of a new era that will enable the Fed to keep rates low for longer.
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The average level of excess spread in UK RMBS deals has dropped along with interest collections as government enforced payment holidays take their toll on the sector.
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Rating agencies are reporting a busy pipeline of European securitization issues for the autumn, with a number of UK deals expected in particular, as issuers try to squeeze out deals before the end of government support schemes and the looming Brexit deadline.
