Latest news
Latest news
Dutch mortgage provider launches its second public RMBS of the year
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
More articles
More articles
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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. -
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.
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Wells Fargo Securities has named two new co-heads of its mortgage finance group, which covers warehousing and term financing for originators and investors in residential real estate loans and securities.
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Real estate investment trust Annaly Capital Management has filed documents for a new residential mortgage securitization, as the firm's whole loan portfolio approaches $1bn.
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The European Central Bank (ECB) and the European Commission (EC) delivered a double whammy of non-performing loan (NPL) action this week, laying out how to amend bank capital rules to better deal with the problem and explaining how supervisors would treat loans going bad in future. Passing a credible package to deal with NPLs is a crucial step in getting northern member states comfortable with a full Banking Union.
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The ECB has published an addendum to serve as guidance for all future non-performing loans. The measure is non-binding and will serve as the basis for dialogue between the ECB and the banks it regulates directly.
