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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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. -
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.
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While Goldman is a joint lead on Blackstone’s piece of the Bradford & Bingley sale, its involvement is very different to that of Citi and BAML. Those firms were hired by UK Asset Resolution, the seller of the mortgages, but Goldman was brought in by Blackstone.
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The UK government is selling almost £16bn of state assets into the securitization market this month, but is trying to make sure unwarranted profits from the deals flow back to the Treasury, following criticisms of the last round of privatisations. David Bell, Owen Sanderson and Sam Kerr report.
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The US Federal Reserve could start reducing its mortgage backed securities holdings in 2017, something that the market may welcome given the drop in supply seen so far this year.
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Data and index provider IHS Markit is in talks with participants in the agency credit risk transfer (CRT) sector to develop a tradeable index that tracks the performance of outstanding CAS and STACR bonds issued by Fannie Mae and Freddie Mac.
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A Lone Star fund has launched a new securitization backed by non-performing Irish mortgages originated by Bank of Scotland, the second deal backed by Irish legacy assets to emerge this week as private equity firms look to exit post-crisis mortgage investments in Europe’s periphery.
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Funds managed by Blackstone and Prudential launched securitization deals backed by their acquisitions of £11.8bn of Bradford & Bingley buy-to-let mortgages from UK Asset Resolution on Tuesday, with a consortium of UK banks set to hoover up the bulk of the notes.
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Oaktree Capital Management affiliate Mars Capital is marketing a securitization of crisis-era Irish mortgages, with a pan-European roadshow taking place this week.
