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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The recently announced Storm 2016-II RMBS from Dutch lender Obvion includes a few new features that could mitigate the effects of some recent market developments. -
Dutch lender Obvion has returned to its regular prime Dutch RMBS shelf for the second time this year, having also sold the world’s first green RMBS with “Green Storm” and one “Purple Storm” which securitized mortgages on parent bank Rabobank’s balance sheet.
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Home Partners of America (HPA) priced its second single family rental (SFR) transaction of the year this week, bolstering what has otherwise been a quiet corner of the US securitization market in 2016.
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Private executions, club deals, non-disclosure agreements and bilateral executions all have their place in the arsenals of syndicate desks and issuers, particularly in the securitization market. But taken together, they are harmful to the market.
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A Pimco-controlled fund has been appointed operating adviser on a £400m book of UK mortgages, securitized earlier this year by Deutsche Bank’s non-core division.
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The US Securities and Exchange Commission (SEC) reached a civil settlement on Tuesday with a former Goldman Sachs RMBS trader for $400,000 and a two year industry ban over the alleged misrepresentation of the price of bonds sold to the bank’s customers.
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Investors in non-performing loan securitizations are a rare find, so issuers which can move early might be better placed to grab some of the limited capital available.
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There's no true political will to end the dominance of Freddie Mac and Fannie Mae in RMBS. The talk in Washington of restoring the private label RMBS market is driven more by a philosophical push against smaller government than by a coherent plan for change, or a willingness to face the trade-offs it requires.
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The UK’s vote to leave the European Union has placed pressure on the country’s property markets, with prices expected to fall in both residential and commercial property. But the sector, and the banks that serve it, are well placed to withstand the pressure, rating agencies have said.
