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
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House prices in some advanced and emerging countries are at risk of a crash that could trigger a new bout of financial volatility, the International Monetary Fund warned on Thursday. It said that governments should tighten financial rules rather than hike interest rates to take steam out of the market, in an analysis published ahead of the spring meeting of its 189 country members next week. -
A class action suit against a suite of large investment banks had its first day in court on Wednesday, as an army of lawyers descended on lower Manhattan and 27 traders were named in a growing antitrust case. Defendants are accused of conspiring to inflate bond prices and defraud clients.
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The Irish central bank hit out this week at a bill proposed by Irish political party Sinn Féin that could put an end to securitization and covered bond activity in Ireland, arguing that the bill could “slow or even reverse” an easing Irish mortgage market and “[increase] the cost of doing business in Ireland”.
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Pimco is buying UK Asset Resolution’s latest major mortgage disposal, the £4.9bn ‘Project Chester’ portfolio, just a week after the US-based fund took almost half of another former UKAR disposal, Towd Point Mortgage Funding-Granite4. Meanwhile, Citi has overcome a previous reluctance to own risk retention on behalf of its clients, following a path pioneered by Goldman Sachs and Barclays.
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The European Parliament on Monday decided to postpone a vote on a directive that would set up a secondary market for non-performing loans (NPLs) until next week. The delay increases the pressure on MEPs to reach an agreement before before the current Parliament’s mandate ends on April 18.
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Cartesian Blue Dutch Prime RMBS, a Dutch deal sponsored by Venn Partners, is set to become the first deal backed by pre-crisis assets to gain 'simple transparent and standardised' securitization status.
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The average 30 year mortgage rate plummeted this week by 22bp from 4.28% to 4.06%, according to Freddie Mac data, the largest weekly drop since the fourth quarter of 2008.
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President Donald Trump signed a presidential memorandum on Wednesday that purports to formally initiate the reform of the US housing finance system.
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The US RMBS market at the end of the first quarter is looking robust in some segments but sluggish in others, as Goldman Sachs lines up a new deal this week and an offering from Angel Oak clears the pipeline.
