Latest news
Latest news
UK lender has placed €1.5bn of Dutch prime RMBS paper this year, doubling its annual issuance
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
More articles
More articles
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Despite UK assets offering juicier spreads than their European counterparts, distribution stats show little European investor participation in UK deals. That might be disappointing for UK issuers, but at least it means little to fear from a hard Brexit. -
The European ABS market is entering into its seasonal summer quiet period, with the pipeline slowing to a trickle after a number of new transactions were priced last week.
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UK ABS market participants cheered last week’s confirmation from the Bank of England that its Term Funding Scheme (TFS) will wrap up in February 2018, but opinion in the market is that the programme should not have gone on that long to begin with.
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A former senior vice president at government mortgage agency Fannie Mae has joined Flagstar Bank to lead its mortgage business.
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Italy’s Banca Carige has said that it has identified the investors that it will pitch to for its sale of €1.2bn of non-performing loans held on its balance sheet.
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Moody's changed its outlook for collateral backing a range of UK ABS sectors to negative on Monday, citing weakening economic data and rising consumer debt as likely to impact securitization performance.
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European securitization issuance in the second quarter topped €71bn, an increase of 91% from the first quarter according to the Association for Financial Markets in Europe (AFME).
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The European Commission is consulting until October on ways to deal with Europe’s non-performing loan problem, and has outlined plans for a new contractual instrument, called the ‘accelerated loan security’, to protect secured creditors from default — without enforcing security through the courts.
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Government sponsored enterprise Freddie Mac said it expected multifamily loan originations to hit new highs in 2017, as CMBS market sources eye a bigger portion of the multifamily pie going to agency lenders instead of conduit deals.
