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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Morgan Stanley has transferred one of its senior structured finance bankers to New York as part of an initiative to win more business from US financial institutions looking to shift problematic consumer loans off balance sheet. -
Hurricane Florence is giving MBS investors some jitters after last year’s damaging hurricane season, but the markets are holding up, despite risks posed to the bonds by natural disasters.
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Hefty demand and oversubscribed order books for Mercedes’ Silver Arrow UK 2018-1 auto ABS deal and Virgin Money’s Gosforth Funding 2018-1 UK Prime RMBS may be an indication of stronger sentiment in euro ABS markets following a tough summer.
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The Federal Housing Finance Agency (FHFA) officially proposed changes to US administrative laws to align market activities at the US government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, on Wednesday. The changes would eliminate differences between the GSEs’ securities by 2019.
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JP Morgan has been mandated as sole arranger and lead manager by Banco Santander Totta to explore investor interest for its Portuguese non-performing loans (NPL), according to an email to investors seen by GlobalCapital.
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Large US banks are shifting their mortgage bond exposure into hold-to-maturity accounts to dodge the impact of rising interest rates on their regulatory capital holdings, a trend that could undermine market performance in the long run, according to JP Morgan analysts.
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Four months after acquiring a €5bn Irish mortgage pool from Lloyds, Barclays announced an RMBS transaction to securitize part of it last Friday.
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Arrangers and joint leads JP Morgan and Lloyds are marketing Oak No.2 Plc – a prime UK RMBS from challenger bank Aldermore, according to an announcement last Friday.
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UK insurer Just Group said in its half-year results on Thursday that it had the flexibility to issue tier two or restricted tier one capital, amid worries about the impact on its capital of the Prudential Regulation Authority’s proposal for equity release mortgages.
