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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The European Parliament has proposed an amendment to the new Capital Requirements Regulation protecting banks from the consequences of “massive disposals” of non-performing loans. -
House purchase mortgage approvals fell by roughly 2,350 in June compared to the same time last year, a reduction of 4.7%, according to data from consumer finance advocacy group UK Finance, though the mortgage market is being propped up by refinancing activity.
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Data from the Department of Commerce released on Wednesday shows that new home sales in June decreased in volume by 5.3% versus the month of May, suggesting that the US housing market is failing to keep up with the broader economic upswing.
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Redwood Trust, a California-based REIT, announced on Tuesday that an underwritten public offering of 6,250,000 shares of Redwood’s common stock has been priced at $16.50 per share, resulting in gross proceeds of approximately $103m.
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In its newest non-performing deal, NHLT 2018-2, Nationstar Mortgage is securitizing cash flows from 1364 non-performing home equity conversion mortgages (HECMs) sourced from Ginnie Mae-sponsored securitization pools.
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Following a flurry of second quarter earnings reports from US banks last week, analysts at Bank of America Merrill Lynch are predicting that demand from domestic banks for agency MBS should expand as the economy grows and banks are attracted to the highly liquid asset class.
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Private equity firm Stone Point Capital is buying a majority stake in Sabal Capital Partners, a California-based lender focused on financing affordable multifamily properties.
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Morgan Stanley has been mandated as sole arranger and joint lead manager with Barclays for Towd Point Mortgage Funding 2018-Auburn 12, in what may be one of the final ABS announcements before the seasonal summer lull in Europe.
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Holders of HSH Nordbank’s tier one securities are requesting documentation from the German bank’s owners through the US legal system. They say the sale of the bank was designed to harm them.
