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
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UniCredit has teamed up with Pimco, GWM and Finance Roma for Project Sandokan 2, a co-investment programme which entered its operational phase on Thursday. It follows the successful launch of the debut Sandokan project, involving €1.3bn of loans implemented in December, 2016.
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Pepper Money has mandated Citi and National Australia Bank as arrangers for its non-conforming UK RMBS deal Polaris 2019-1, the first securitization of loans originated by Pepper UK in the region and the first from the issuer to be pegged to Sonia.
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Argenta Spaarbank is issuing a new Dutch residential mortgage securitization via arranger ABN Amro. It has three tranches backed by Dutch owner-occupied mortgages and is structured in a similar fashion to the issuer’s previous deals.
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UK-based debt purchaser Cabot Credit Management has extended its maturity profile with an opportunistic refinancing of its 2021 high yield notes, with solid demand for the deal allowing it to redeem a sterling tranche as well.
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Bookrunner VTB Capital closed a securitization backed by loans made by Russian mortgage agency DOM.RF Mortgage Agent, as the government-guaranteed issuer steps up its securitization plans.
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Goldman Sachs announced on Friday that it is arranging a £282.8m CMBS named Cold Finance, a refinancing of a single loan to warehouse specialist Lineage Logistics. The deal has five rated tranches including a triple-A rated senior tranche.
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Eurobank has securitized a €2bn portfolio of non-performing mortgages, ahead of the likely development of a Greek version of the Italian guarantee scheme for senior tranches of NPL deals.
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Following the appointment of lead counsel in a mounting class action suit that accuses nearly a dozen investment banks of an agency bond price fixing conspiracy, a new complaint filed in New York district court lists Deutsche Bank as a co-conspirator that divulged electronic chats between traders to prosecutors.
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The largest reform to the agency MBS market since the financial crisis is set to take place when the first uniform mortgage-backed securities (UMBS) are delivered to investors on June 3. Other aspects of housing finance reform, however, still seem as murky as ever.