Latest news
Latest news
Blackstone is aiming to execute its CMBS before the market shuts for Global ABS
TwentyFour released IPTs with its announcement, aiming for a three-day execution
Second time it has securitized Santander-originated mortgages
More articles
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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.
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UK politicians should prepare for mortgage holidays becoming a political hot potato after borrowers who took payment holidays just-in-case realise that their financial well-being may not be as unscathed as they first anticipated.
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Real estate investment firm Toorak Capital Partners has hired Kevin Tatro as head of asset management and reporting and Stephen Tyde, Jr, as head of special servicing.
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Deutsche Bank picks pair for healthcare — Rothesay makes moves in US — Barclays announces new ESG positions
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UK mortgage moratorium numbers are being inflated by the timing of the government’s job retention scheme, with data from lenders suggesting payment holiday levels were more in line with continental Europe than they at first appeared, according to investors.
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Citibank fully pre-placed Cheshire 2020-1 on Tuesday, a £247m RMBS transaction backed by seasoned owner-occupied and buy-to-let mortgages. The loans were originated by Citi's lending arm Future Mortgages, which stopped lending in 2008.
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Rothesay Asset Management North America promoted Robert Allard to a newly created role of chief investment officer and added Daniel Parisi as mortgage analyst in a move to ramp up its US structured finance team.
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Davidson Kempner Capital Management has mandated Bank of America for Stratton Mortgage Funding 2020-1, a UK RMBS deal made up of mortgages originated between 2002 and 2008. It was priced on Thursday and its 2.95-year senior notes landed at 90bp over Sonia.