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
More articles
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JP Morgan has arranged an Italian non-performing loan securitization for Guber Banca. The deal parcels a €1.25bn book, in only the third Italian NPL securitization not to use the government’s GACS guarantee scheme since it was introduced. Class A notes in the deal may be sold next year, subject to market conditions. -
Market participants are expecting 2020 to be a very active year for covered bonds, with new issuance volume underpinned by growth in French and German banks' mortgage books.
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Liquidity in securitizations is better than in almost all other credit assets classes in Europe, with auto ABS and UK prime RMBS trading on tighter spreads than even covered bonds, analysis from Bank of America’s research team shows.
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Where securitization was once a prime hunting ground for financial sponsors and hedge funds, some of the largest asset management houses are now setting up units to beat the top predators of the capital markets at their own game, taking the other side of the securitization arbitrage
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While the outlook for a long-awaited reform of mortgage finance and the government-sponsored enterprises is uncertain in an election year, non-agency residential mortgage-backed securities (RMBS) are clawing their way back into US capital markets
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Members of the European Parliament have restarted work on a controversial file on the secondary market for non-performing loans. They failed to come to an agreement last spring, with MEPs disputing the level of protection that should be granted to retail consumers.
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A decade after self-certified mortgages drove heavy losses in RMBS, a fintech start-up is using automated data-gathering to vet borrower affordability in real-time, speeding up mortgage securitization in the process.
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Hoist Finance has issued €337m of notes in what is the first investment-grade Italian securitization to be backed wholly by unsecured non-performing loans (NPLs).
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Intesa Sanpaolo has fully retained a €7.5bn dual-tranche mortgage transaction, adding to its supply of retained repo collateral for central bank operations.
