Latest news
Latest news
In March Lone Star closed its fourth residential mortgage fund at over $1bn
Bank’s relationship with SpringCash is ‘commercial’
Deal is the first seasoned performing and reperforming loan deal for Mill City Mortgage this year
More articles
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Metro Bank confirmed on Monday that it was planning to sell a portfolio of loans, following a report over the weekend from Sky News, with Cerberus in the frame to buy back the same Capital Home Loans mortgages it sold to Metro in 2017. -
Triodos Bank, a renewable energy-focused Dutch bank which grants cheaper mortgages to borrowers willing to rely on green energy-powered homes, is bringing an €840.78m RMBS via Rabobank. Comprising a mix of green and non-green assets.
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Waterfall Asset Management’s 2017 NPL securitization of Creval loans, Elrond NPL, has been downgraded as collections fell short of expectations. Scope Ratings said that cumulative collections were only 75% of those in the original business plan, with cash still stuck in challenging court processes.
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Lloyds has structured a synthetic risk transfer (SRT) securitization of owner-occupied mortgage loans, an asset class which rarely sees action.
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Hoist Finance, a Sweden-based debt restructuring firm, has been marketing its debut securitization — an essential move in the firm’s attempt to recover from a regulatory broadside which landed last year.
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Sterling securitization supply issue is predicted to continue up until late August at least, spurred on by the Brexit deadline of October 31. According to a syndicate banker, there are relatively few continental European investors still willing to invest in sterling deals, with the exception of selected French investment firms.
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Morgan Stanley revised tranche sizes and coupons on an Irish non-performing loan RMBS deal for Lone Star, following investor feedback in last week's roadshow.
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KKR is bringing the first public Spanish non-performing loan (NPL) securitization with JP Morgan as arranger. The deal marks a long awaited event in the sector, and will join at least two more public NPL deals from Spain that sources say are in the works, writes Tom Brown.
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Credit Suisse International has mandated itself as sole arranger, along with Bank of America as joint lead manager, for Hawksmoor Mortgage Funding 2019-1, the refinancing of one of the UK's largest non-conforming mortgage portfolios, originated by GE Capital. Leads announced a fully preplaced deal, but some bonds may eventually be offered to investors, according to one buyside source.
