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
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The long wait for the US Federal Reserve to hike interest rates ended this week and implications for further tightening produced a mixed outlook for ABS markets. -
Freddie Mac is marketing its first ever credit risk transfer (CRT) deal backed primarily by re-performing mortgages.
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Obvion, the most prevalent issuer in the Dutch RMBS market this year, sold its fifth transaction of the year on Wednesday, a €600m deal backed entirely by seasoned mortgages guaranteed by the Dutch national mortgage guarantee scheme (NHG).
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UniCredit kick-started a process on Tuesday to offload a bad loan portfolio of €17.7bn to securitization vehicles that will be controlled by US investment management firms Fortress Investment Group and Pimco.
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Rabobank, the largest mortgage lender in the Netherlands, announced on Tuesday that it was seeking to register a new Dutch covered bond programme.
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Online consumer and student loan company SoFi is wading into the RMBS market with a debut offering of prime jumbo mortgages, making waves in a sector largely devoid of new supply.
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Crédit Agricole Financements sold a private Sfr214m ($212.2m) RMBS deal backed by Swiss residential mortgages. RMBS issuance is vanishingly rare in the Swiss market — and this trade is unlikely to open the floodgates.
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Cerberus Capital Management will push out another two transactions backed by legacy portfolio acquisitions by the end of the week, while Santander is lining up a full capital stack deal backed by UK auto loans as it targets significant risk transfer.
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Issuance of non-prime RMBS is set to increase in 2017, according to a sector outlook from Moody’s published on Tuesday.
