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
More articles
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Atom, a UK challenger bank, priced its first RMBS deal on Wednesday, retaining some of the triple-A bonds while placing the rest with UK investors. -
THE VIBRANCY of the sterling covered bond market this year is beyond doubt, after 21 deals from 17 issuers. UK issuers have accounted for just over half of 2018’s supply, with the remainder made up from a dozen overseas borrowers, a large proportion of which include Canadian and German names.
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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.
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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.
