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
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Caliber Home Loans is marketing the largest non-prime, non-qualified RMBS deal since the financial crisis, with the Lone Star affiliated fund planning an offering nearly double the size of its last deal from the shelf. -
Dutch mortgage origination slowed in March, accentuating supply concerns for RMBS hungry investors, and shining a spotlight on competition for Dutch mortgage collateral.
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A last minute decision by UK Asset Resolution (UKAR) to sell a larger than expected chunk of Bradford & Bingley mortgages was a development welcomed by the market, even as investors bought into the deal at very tight levels.
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Bank of Montreal has set up a securitization vehicle that could issue its first RMBS deal soon, backed by C$2bn of uninsured prime mortgages, as analysts said new lending rules could spark the emergence of a Canadian private label RMBS market.
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European investors bought into an Irish RMBS offering from Mars Capital late last week, but the pricing of the deal suggested some push back from buyers on steadily tightening European RMBS spreads.
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Investors piled into the UK government’s securitization of a portfolio of Bradford & Bingley buy to let mortgages, as buyers snap up sterling backed mortgage assets in the absence of meaningful new supply.
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It is obvious that there is no love lost among Republicans for the Consumer Financial Protection Bureau and its director, Richard Cordray. However, one GOP congressman’s recent tirade against the CFPB’s mortgage lending rules is worrying given the experience of the housing bust.
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Efforts were renewed this week to rein in the power of the Consumer Financial Protection Bureau, with a Republican congressman taking aim at the agency’s mortgage underwriting rules.
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Non-bank lender Precise has mandated leads for a new £300m RMBS transaction, backed by prime UK buy-to-let properties, despite two legacy BTL deals backed by £11.8bn of Bradford & Bingley BTL mortgages surfacing last week.
