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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Issuers are preparing a flurry of RMBS issuance to close out September, with a mix of credit risk transfer (CRT), jumbo, reperforming and nonperforming deals set to be priced by the end of the week. -
The RMBS market is set to see more non-qualified mortgage (non-QM) deals, potentially as early as the fourth quarter of this year, as issuers say they are fielding more calls from investors who are showing an increased appetite for higher yielding RMBS paper.
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The Federal Housing Finance Agency (FHFA) is looking for congressional legislation to make the government sponsored enterprises’ (GSEs) credit risk transfer products easier to buy for real estate investment trusts (REITs), as part of its efforts to grow the credit risk transfer (CRT) investor base.
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Repeat investors in Fannie Mae and Freddie Mac’s credit risk transfer (CRT) deals are looking to move down the capital stack as they get more comfortable with the product and the asset class becomes a regular staple of structured products issuance.
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The US non-prime and non-QM markets have come a long way in repairing the reputational damage caused by the 2008 sub-prime mortgage crisis.
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Basel proposals on how to treat mortgages will hurt Europe’s banks less than feared, according to sources with knowledge of the Basel Committee’s discussions, and other industry insiders at the European Covered Bond Council’s plenary meeting in Düsseldorf this week.
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Permanent TSB has mandated leads for a new Irish RMBS transaction from its Fastnet shelf, backed by a €641m pool of prime residential mortgages.
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Freddie Mac priced its latest STACR deal at record tight levels, with paper at the top of the stack pricing at 80bp over Libor.
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The US House Financial Services Committee, has moved to pass the Financial CHOICE bill, a wide ranging reform of the Dodd-Frank Act which would essentially exempt non-RMBS securitized assets from risk retention.
