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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After a quiet summer and with reduced UK RMBS supply expected, investors took advantage of a small spread concession to pile into Cerberus’s latest UK RMBS deal, Towd Point Mortgage Funding-Auburn 10, on Tuesday. -
The Consumer Financial Protection Bureau (CFPB) has been ruled as being unconstitutional by the US District Court of Appeals for the District of Columbia, in a landmark ruling that questioned the legality of its leadership and its use of retroactive enforcement action.
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US government sponsored enterprise Fannie Mae is to sell five pools of approximately 7,300 non-performing loans in November totalling $1.39bn in unpaid principal balance.
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A UK RMBS vehicle funded solely by clients of BlackRock has mandated for a debut deal, which will be backed by a £238m buy-to-let portfolio originated by Fleet Mortgages.
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European banks, especially the Italians, need to solve their non-performing loan problem, agrees everyone from the European Central Bank to the least informed finance hack out there. But the revelations coming out of Royal Bank of Scotland’s restructuring unit show it’s not always a pleasant process.
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JP Morgan plans to forge ahead with its risk transfer programme, despite concerns that have been raised that the deals may not be in full compliance with risk based capital rules, said an executive from the bank speaking at a conference on credit risk transfer RMBS on Thursday.
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Senator Bob Corker (R-Tenn.), a prominent voice on the US Senate Committee on Banking, Housing and Urban Affairs, pointed to the reform of Fannie Mae and Freddie Mac as the last piece of unfinished business left over from the financial crisis in remarks given at IMN's first annual Credit Risk Transfer (CRT) Symposium in New York on Thursday.
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Credit risk transfer (CRT) market players arrived in droves for IMN’s first ever CRT focused event in New York on Thursday, showcasing growing interest in a sector that is proving to be the only game in town for supply starved RMBS investors.
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The sale of non-performing (NPL) and re-performing loans (RPL) has become a way for banks to free up space on balance sheets and reduce punitive capital charges, which observers say has driven an increase in mortgage lending.
