Latest news
Latest news
The acquisition was announced a day before Lendco priced its Atlas securitization
Non-qualified mortgage securitizer is bringing third deal of year for $424m
BINOM shelf used for latest deal
More articles
More articles
-
Surely peak chastisement of the financial services industry was reached this week when the Bank of England berated UK lenders for using what by any standard must seem prudent risk modelling. -
AIG priced a debut RMBS deal on Monday, while three transactions backed by seasoned performing, re-performing and non-performing loans hit the primary market this week with investor demand for non-agency RMBS paper on the rise.
-
The Bank of Italy has indicated that the state funded liquidation of Veneto Banca and Banca Popolare di Vicenza will free up capital from the state backed Atlante fund to finance its investment in Monte Patschi dei Siena (MPS).
-
The Bank of England has expressed concern over the rising levels of consumer debt in the UK, which increased by 10.3% in the 12 months through April 2017.
-
A pair of prime RMBS transactions were priced at the end of last week to heavy demand, with over subscription and tight spreads on both offerings.
-
European mortgage investors saw more issuance activity this week, driven by a variety of deals from the Netherlands and the UK.
-
Nationwide Building Society issued a larger than expected €1bn 15 year covered bond at an optically cheap spread this week, through close to one interpretation of fair value. The huge book supported a 10bp tightening through the process, even though some investors withdrew their orders.
-
Representations and warranties and enforcement frameworks have been weak in non-prime US residential mortgage-backed securities, said Moody’s this week, in contrast to recent prime jumbo transactions.
-
UK RMBS investors are eagerly eyeing a debut securitization from Optimum Credit, Castell 2017-1 PLC, which is backed wholly by second lien mortgages.
