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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Real estate investment firm Toorak Capital has closed a $350m securitization, the largest residential bridge loan RMBS to date. -
The ABS market is divided into camps over the necessity for a third level of NPL compliance, with participants coming out for and against more disclosure at a panel in True Sale International’s 2019 Conference in Berlin.
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Jesus Rio Cortes, a managing director at Bank of America Merilll Lynch in the EMEA securitization group, has joined Apollo Global Management.
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Paratus has mandated National Australia Bank, Standard Chartered and Natixis to run its second Twin Bridges RMBS of the year – with two of these firms pushing especially hard to establish themselves as UK RMBS arrangers in recent months and years.
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The non-qualified mortgage RMBS market is expected to double its year-on-year issuance volume in 2019, said speakers at ABS East on Monday, who predicted the sector to outpace other ABS as private capital takes a larger share of the mortgage finance market.
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Leeds Building Society marked a successful RMBS return with class ‘A’ spread set at 68bp over Sonia after markets saw a respite from Brexit headline risk.
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A recent Spanish Supreme Court ruling on NPL foreclosures will help buyers of poorly performing mortgage portfolios avoid years of potential legal proceedings.
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Sterling paper dominated European securitization issuance last week as issuers rushed ahead of further Brexit developments, with a particular focus on the auto ABS market, which saw three deals clear the pipeline.
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Pepper Group subsidiary Optimum Credit has priced its Castell 2019-1 deal tight of guidance, while Yorkshire Building Society’s Brass No 8 RMBS was also priced, with senior notes tightening by about 5bp from initial price thoughts.
