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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Freddie Mac has changed the structure of its latest credit risk transfer (CRT) deal to reduce counterparty risk for investors in the event that the agency is no longer under conservatorship. -
Two sterling MBS transactions in the market have been tightened from initial price talk, reflecting a healthy sterling bid for paper.
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Rabobank priced the latest green RMBS deal from its Obvion subsidiary last Friday, keeping the size of the deal in line with last year’s transaction as it offered €550m of senior notes but reducing the discount margin by 3bp.
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Goldman Sachs has published initial guidance on the £427m of notes issued under its UK single loan CMBS, Ribbon Finance 2018-1, while Lloyds is out with initial guidance on UK RMBS Charter Mortgage Funding 2018-1.
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Lloyds Banking Group on Friday announced the sale of its £4.3bn Irish residential mortgage portfolio to Barclays.
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US mortgage lenders are resurrecting a private label RMBS market that has lain dormant for several years since the financial crisis, as investors chasing yield show interest in deals with riskier credit and looser underwriting. David Bell reports.
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As banks and investors assess the impacts of IFRS 9, introduced this year, a second wave of effects from the new accounting rule could hit the market and spur asset sales from banks and pushing interest rates sharply higher for consumers.
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Dutch retail bank and insurance provider Argenta Spaarbank announced a new Dutch RMBS this week, comprising 100% Dutch State Guarantee (NHG) loans, led by ABN AMRO and with BNP Paribas acting as joint lead manager.
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Challenger bank and specialist mortgage lender Charter Court Financial Services announced a new sterling prime UK RMBS on Wednesday, led by Lloyds Bank, with Bank of America Merrill Lynch and Natixis acting as joint lead managers.
