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
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The US housing market saw a slowdown in construction as new build starts fell for a second straight month in September. -
Private equity firms and asset managers have jumped on a recent spread rally in ABS to lock down lucrative deals at attractive rates. The introduction of new, more aggressive structural features is a sign of the changing issuer base, but investors are starting to push back, writes David Bell.
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Dynamic Credit, the Dutch fixed income asset management firm, has stepped into the RMBS market for the first time with a debut €275m Dutch mortgage deal that sold the full capital structure.
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GE Money Bank in France, bought by US private equity firm Cerberus Capital Management in June, will tap the French RMBS market for a second time this year.
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Issuers have come to market with only a handful of single family rental (SFR) securitizations in 2016, but a spate of recent deals shows that issuance should continue in fits and starts as aggregators of rental homes use ABS for balance sheet relief.
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Union De Créditos Inmobiliarios (UCI) expanded the investor base for its Prado Spanish RMBS shelf in its latest deal despite taking a bullish stance on pricing. However, not all investors are convinced the peripheral rally will last.
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Union de Creditos Immobiliarios (UCI) has mandated leads for a third Spanish RMBS deal, after Blackstone landed €212m of notes backed by a portion of its portfolio of Spanish reperforming mortgages.
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Guidance on UK RMBS Hawksmoor Mortgages 2016-2 was released on Thursday, and though it was much tighter than the first Hawksmoor deal, bankers were confident of a strong reception, partly due to the fact this will be the last collateral acquired from GE Capital portfolio.
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A debut RMBS deal from Dutch lender Dynamic Credit has surfaced, with Goldman Sachs arranging the transaction after warehousing the assets for more than a year.
