Latest news
Latest news
Newcastle is marketing a prime RMBS, while Enra offers a first charge non-conforming RMBS
BPCE also added a French prime RMBS to the pipeline
Acquisition will enhance origination and servicing platform capacity, says buyer
More articles
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Uncertainty over the ultimate shape of the European Union’s simple transparent and standardised (STS) securitization framework may be hampering investor demand for top quality securitizations, according to bankers. -
The Council of the European Union agreed on a softer line for writing down non-performing loans on Wednesday, extending the timeline that European banks will be given to provision bad loans down to 0%. The Council’s proposals also add a third category of NPLs to the planned distinction between ‘secured’ and ‘unsecured’, giving separate treatment to loans secured on 'movable' collateral.
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At a concluding panel at the SFIG Mortgage Symposium in New York on Tuesday, experts and executives in mortgage finance expressed concerns that the Trump administration’s sharp focus on boosting economic growth could hinder plans to scale back the footprint of Fannie Mae and Freddie Mac.
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The European Bank for Reconstruction and Development has made its first Greek non-performing loan (NPL) investment, part of a €300m programme to help banks in central, eastern and south-eastern Europe to clean up their balance sheets.
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With October’s steep stock market plunge signaling the market is in correction territory, while the Federal Reserve pumps the brakes on expansionary monetary policy, RMBS has managed to outperform versus other asset classes this month.
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The steady creep upwards in interest rates and a brewing affordability crisis had bankers and investors at the SFIG Residential Mortgage Finance Symposium on Monday on edge, leading even some executives to declare that it has become impossible for many middle-income Americans to afford a mortgage.
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Northview Group will test global demand for its UK RMBS, Finsbury Square 2018-2, despite the all-sterling capital structure of the deal.
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Fannie Mae priced its second issuance of securities tied to the Secured Overnight Finance Rate (SOFR) on Thursday, helping provide additional duration points on the SOFR curve as markets navigate the early days of LIBOR alternatives.
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Securitization investors in Europe are likely occupied more with analysing the heavy deal flow in the market than concerned about the overnight crash in US and Asian stock markets, with three trades in syndication, three more on the road, plus brisk CLO flow.
