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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RBS has settled with the Federal Housing Finance Agency over its underwriting of US RMBS, paying $5.5bn for the agency to withdraw its litigation, though it will receive $754m back under an indemnity. Much of the charge was already provisioned, meaning the bank will record an extra charge of only $196m in its second-quarter numbers.
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Legal wrangling over crisis-era US RMBS took another turn this week, following trustee Wells Fargo’s decision to hold on to $94m of investor proceeds from $540m of called bonds to fund legal costs relating to RMBS lawsuits. The move has shocked the market and prompted Fitch Ratings to put $2.2bn of similar bonds on rating watch negative, writes David Bell. -
RNHB Hypotheekbank has mandated HSBC and ABN Amro to arrange its first RMBS offering of the year.
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Northview Group is looking to sell its second RMBS deal of the month, coming to market soon after its non-conforming RMS 30 offering was sold last week.
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A UK auto ABS transaction and a Dutch prime RMBS deal were both priced this week as the European ABS market gets rolling in the second half.
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Italy’s Banca Carige has hit the market with a non-performing loan securitization utilising the Italian government's GACS guarantee scheme, and will place the mezzanine and junior notes with investors.
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GoldenTree Asset Management and real estate investment firm GTIS Partners have teamed up on a joint venture focusing on financing real estate debt across a host of property types.
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The Italian Atlante fund has released the details of its investment in a book of non-performing loans (NPLs) from Banca Monte dei Paschi di Siena (MPS), revealing that the struggling bank sold the notes at a fraction of face value.
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The European Commission has approved the precautionary recapitalisation of Banca Monte dei Paschi di Siena (MPS), and the disposal of its non-performing loans.
