Latest news
Latest news
According to Bank of America, non-agency RMBS issuance for last week was around $3bn.
In March Lone Star closed its fourth residential mortgage fund at over $1bn
Bank’s relationship with SpringCash is ‘commercial’
More articles
More articles
-
The market for RMBS backed by non-qualified mortgages has grown since their inception in 2014, increasing investors’ familiarity with the deals and pushing spreads down on the bonds. -
A panel this week involving German and Italian regulators highlighted the complications in creating a European deposit insurance scheme (EDIS) and pushing on with the banking union, with policymakers in the two countries viewing the banking sector from radically different angles.
-
Barclays has hired a former Morgan Stanley banker as director in its asset finance business.
-
UK Asset Resolution (UKAR) announced on Thursday that it had sold a portion of Bradford & Bingley’s (B&B) remaining mortgage book to a consortium of banks led by Barclays, following a bidding process by a ‘small handful’ of potential buyers.
-
Intesa Sanpaolo’s newly approved plan to tackle its high non-performing loan (NPL) exposure includes a potential securitization of €11bn of gross NPLs and a loan servicing joint venture with a Swedish debt collection specialist as the scramble to win a share of the lucrative Italian debt servicing business gathers pace. Asad Ali reports.
-
Intesa Sanpaolo’s newly approved plan to tackle its high non-performing loan exposure includes a potential securitization of €11bn of gross NPLs, and a loan servicing joint venture with a Swedish debt collection specialist.
-
Non-prime mortgage lender Invictus Capital Partners hit the market on Tuesday with an RMBS offering backed by loans on non-owner occupied investment properties.
-
loanDepot, an online mortgage and consumer loan lending company, closed its inaugural securitization this week, as it seeks to take advantage of non-agency MBS investor demand.
-
Life insurance providers maintained their holdings of securitized products at a steady level last year, but many have rejigged portfolios to target higher yielding, riskier asset classes, a report from Wells Fargo said on Wednesday.
