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Latest news
Deal is LendCo's eighth public securitization from its Atlas shelf
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
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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. -
New York based fixed income manager Semper Capital Management has launched a new Irish-domiciled £35m mutual fund to allow UK and European investors to invest in the firm’s US mortgage backed securities strategy for the first time.
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Monday and Tuesday this week saw two UK buy-to-let RMBS announced, with Monday's Paragon 25 announcement joined on Tuesday by Tower Bridge No.2, the second outing from Belmont Green Finance.
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Following a long absence from the new issue RMBS market, Ulster Bank Ireland DAC on Thursday announced a mandate for Ardmore Securities N0.1 DAC, a euro denominated Irish Prime RMBS.
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Following a strong first quarter, April's new issue European ABS pipeline kicked off on Wednesday with the announcement of a $1.15bn French RMBS from Crédit Agricole, FCT Crédit Agricole Habitat 2018.
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Barclays’ decision to carry on its legacy RMBS fight in 2016, rather than settle as Credit Suisse and Deutsche Bank did, has paid off handsomely, with a $2bn civil settlement for the bank and $2m for the two bankers at the centre of the suit announced last Thursday.
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Online consumer lender loanDepot is in the market with its first prime jumbo mortgage transaction, bringing a new face to the roster of issuers in a sector that has seen only sporadic activity in recent years.
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US fixed income firm Angel Oak has hired a former senior vice-president at Canyon Capital to head its efforts in mortgage credit, as investors this week mull the firm’s seventh RMBS deal since 2015.
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Clifden IOM No.1 boosted its tender offer for 2006 and 2007 vintage RMACS bonds on Monday — the RMBS series still in play in its tussle with sponsors Paratus AMC. This was closely followed by the pricing of the £400m RMAC No.1, which refinances the bonds Clifden failed to amend earlier this month.
