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
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The whole bottom of the rated capital structure in Rochester No. 2, a UK RMBS originally structured from Deutsche Bank’s non-core book, was out for sale in a BWIC on Wednesday afternoon, according to data from Empirasign.
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The ECB would like Piraeus Bank to raise tier two capital, but issuance over the past few months has proved too difficult. The bank can afford to wait for now — but it has a challenging road ahead. -
Two regular UK RMBS issuers announced new deals on Tuesday, adding to a busy pipeline for next week. The Northview Group mandated a new Finsbury Square deal, its second this year, while Together Financial Service unveiled its first securitization of the year.
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The Spanish supreme court’s recent ruling that banks should pay certain taxes on mortgage loans harmed the lenders’ trading levels and hindered primary debt market access. Ratings agency DBRS estimates that, in the unlikely worst-case scenario, the sector could face a retroactive bill of €16.9bn.
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Aegon’s mortgage subsidiary mandated five banks on Monday for a new Dutch RMBS, Saecure 16. It is an unusually large syndicate size, but one which reflects the vanilla nature of prime Dutch RMBS. Aegon is a rare issuer in the market, last doing a deal in 2014.
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Barclays has won a role as lead manager and "managing sponsor" on a new Irish RMBS from specialist finance group Dilosk, thanks partly to its willingness to hold the 5% risk retention in the deal. NatWest Markets arranged the deal, and is also a joint lead.
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The recent pricing of WFMBS 2018-1, Wells Fargo's first private-label RMBS deal since the financial crisis, is the tip of the iceberg for big banks mulling how best to get back into mortgage securitization.
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The inaugural French RMBS transaction from Bancassurance group BPCE drew increasingly high levels of demand even as spread guidance tightened, leaving the book well oversubscribed across 34 investors on Thursday.
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Industry executives and federal regulators descended on Washington DC on Monday for the Mortgage Bankers Association's annual housing finance conference, with an uncertain outlook for US housing in a heated economy providing the backdrop.
