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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Morgan Stanley is marketing an Irish reperforming RMBS called Jepson Residential 2019-1 for Ellington, backed by the portfolio securitized in European Residential Loan Securitization 2017-PL1, sponsored by Lone Star. The Texan PE firm said two weeks ago that it was “evaluating potential strategic alternatives” for the portfolio, but the announcement of the Ellington deal suggests a call is imminent. -
The European Union is on the cusp of overhauling its prudential capital rules for banks. The incoming regulatory changes have far-reaching consequences, including for the debate around green finance, the future for dividend payouts and for the market for non-performing loans (NPLs).
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The Federal Reserve grabbed market participants' attention on Wednesday as it released the minutes of its most recent Federal Open Market Committee meeting, held from January 29-30, in which members agreed to pause rate rises and the central bank's balance sheet reduction.
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Prepayment speeds for agency MBS issued by the US government sponsored enterprises (GSEs) were similar to one another in the fourth quarter, reflecting how a push for aligned underwriting at the GSEs appears to be bearing fruit in the months before the UMBS debuts.
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Sandra O’Connor, chief regulatory officer at JPMorgan Chase, is retiring from the firm on April 1, according to an internal memo seen by GlobalCapital.
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A brief dip in mortgage rates has given some relief to lenders, but the US mortgage industry is undergoing contraction, with several mortgage originators looking to spin off their residential lending and mortgage servicing portfolios, and others filing for bankruptcy.
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As investors and service providers pour into the market for Greek non-performing loans, authorities in the country have proposed two schemes to help the country's banks meet their ambitious targets for selling off these assets and cleaning up their balance sheets. Only one of them deserves serious consideration.
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Mark Calabria, economist and adviser to the vice-president, sat before the Senate Banking Committee on Thursday in an official confirmation hearing to become director of the Federal Housing Finance Agency (FHFA), the chief regulator of the US housing finance system.
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The Spanish RMBS sector is bracing itself for the impact of legislators’ push to compensate borrowers for early foreclosure periods.
