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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JP Morgan and Wells Fargo are arranging a prime US RMBS deal backed by investor properties for Flagstar Bank, the first deal of its kind to hit the market according to Kroll Bond Ratings. -
Demand for UK housing is outpacing supply, with buyer registrations increasing 22% year over year, but lower sales volumes might weigh on price appreciation according to real estate brokerage Haart.
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Fitch Ratings flagged a rising risk in the RMBS market in a note this week, as more investor loans are originated using little or no traditional documentation during underwriting.
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Rabobank on Monday announced a new green RMBS transaction from its Dutch mortgage lending subsidiary Obvion, with the bank acting alongside JP Morgan as joint lead manager.
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Banca Monte dei Paschi di Siena (MPS) said on Thursday that it had closed a securitization of €24.1bn of non-performing loans, with rating agencies deeming the senior tranche of the deal to be investment grade.
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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.
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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.
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Barclays has hired a former Morgan Stanley banker as director in its asset finance business.
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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.
