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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With an eye to reducing prepayment speeds on Ginnie Mae mortgages, the U.S. Department of Veterans Affairs (VA) announced new rules on Friday that spelled out how the agency will broaden its crack down on predatory refinancing practices. -
Following its debut £750m Sonia-linked covered bond issue in September, Lloyds has printed the first securitization linked to Sterling Overnight Index Average (Sonia) – Elland RMBS. The deal more than doubles the outstanding issuance in the format.
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The Secured Overnight Financing Rate (Sofr), the chosen alternative to dollar Libor rates, has shown more volatility, spiking to an all-time high toward the end of last week before moving back down this week.
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President Donald Trump nominated Mark Calabria, a well-known securitization sceptic, to head the Federal Housing Finance Agency (FHFA) — the body charged with regulating government-sponsored enterprises (GSEs) — on Wednesday.
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CLO market sources tell GlobalCapital that Natixis has been unable to successfully market a CLO reset on behalf of Trinitas Capital Management and will delay the offering until early 2019 as investors balk at tight spreads in a highly volatile market.
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LendInvest, a non-bank lender specializing in property lending and which operates an online marketplace lending platform, has boosted its capital markets and treasury team with the addition of four new hires and an internal promotion for the role of treasurer.
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Max Bronzwaer, the former treasurer of Obvion, has joined the Prime Collateralised Securities initiative (PCS) as a senior adviser.
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Permanent TSB announced last week that it sold a €1.3bn book of non-performing loans, Project Glenbeigh, which hit the securitization market last week in a full capital stack issuance underwritten by Citi. But though the Irish bank has sold the loans and booked the capital benefits, it is still the risk retention holder on the transaction.
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Lennar, the largest home construction company in the US, said on Monday it had completed the sale of its affiliated real estate finance business to Connecticut-based private equity firm Stone Point Capital for $340m.
