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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The move by the US Housing and Urban Development (HUD) secretary Julian Castro to reduce mortgage insurance premiums is a politically motivated one designed to pressure the incoming Trump administration. As such it brings the agency into the political arena at a time when non-partisanship should be the goal of one of the foremost housing authorities in the US.
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Redwood Mortgage sold the first prime jumbo RMBS transaction of the year on Wednesday, pricing a $339.5m deal from its Sequoia Mortgage Trust series. -
The decision by departing Housing and Urban Development (HUD) director Julian Castro to cut the Federal Housing Administration (FHA) mortgage insurance premiums by 25bp has been met with a mixed response from the mortgage finance industry.
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Obvion, the most active issuer in the Dutch RMBS market last year, will kick off the market in 2017 with a new prime transaction from its Storm shelf.
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Three senior tranches of a French RMBS transaction retained by GE Money Bank in France last year will be syndicated in the public market, opening up the European primary ABS pipeline in 2017.
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The arrival of the Bank of England’s Term Funding Scheme sparked fears that it would be the death of the UK mortgage-backed securities market. But while some bank issuers may scale back public bond plans in 2017, a sharp rally in spreads has brought new sellers into play, changing the nature of the market. David Bell reports.
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Credit Suisse and Deutsche Bank have settled with the US Department of Justice, putting an end to some of the worst uncertainties hanging over both banks. But Barclays said that it had been sued by the DoJ in connection with RMBS underwriting, and that it was going to fight the case.
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The European Court of Justice ruled against the Spanish banking sector on Wednesday, a surprise judgement which could hit the capital ratios and interest income of several banks in the sector, including BBVA.
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GE SCF, the French covered bond programme originally issued by GE Money Bank France, has been emptied of its mortgage collateral and effectively converted to a public sector programme.
