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Meanwhile, ADMT has set guidance for its $602m non-prime deal
Fortress agrees forward flow for €500m of unique assets
Cash SRT pipeline fires up earlier than usual
More articles
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Issuers are pushing two new deals through the European ABS primary pipeline this week, with Lloyds Bank acting as lead arranger on the Penarth 2018-1 credit card ABS, while Atom Bank's inaugural UK RMBS Elvet Mortgages 2018-1 has been given price talk. -
Credit Suisse is marketing CSMC 2018-RPL8, a new RPL deal. While that comes as investors are beginning to question the merits of that trade as rates continue rise, experienced issuers are learning to counter bearish sentiment with modified deal structures.
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Two political initiatives in the US have raised the prospect of public subsidies for low-income housing and rent controls, a move that real estate investment trusts are keen to resist.
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Excess housing supply and buyer affordability concerns will continue to plague recovery prospects for distressed Spanish properties, despite recent house price growth and better economic outlook for the country, notes Fitch Ratings.
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Digital underwriting of mortgages can improve accessibility and cut back on red tape, proponents say, but some observers are still expressing skepticism over algorithmic mortgage lending.
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The demise of Wonga.com brought the payday lending industry back into the public consciousness. With socially minded investors scrambling to find assets, this industry seems ripe for intervention via social financing.
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The growth of the credit risk transfer (CRT) market and the debut of the uniform mortgage-backed security (UMBS) in June 2019 may represent some of the most substantial post-crisis housing reform.
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A booming securitization market and a last minute pop in registrations will bring nearly 5,000 ABS market pros to Miami Beach for this year’s ABS East conference, as attendees look to get the pulse of an aging credit cycle and an outlook on what to expect as the market nears its peak.
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Sole arranger Lloyds announced the inaugural prime UK RMBS deal – Elvet Mortgages 2018-1 – for Atom Bank on Monday. BNP Paribas and Lloyds are joint leads.
