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
-
UK chancellor Philip Hammond fired the starting pistol on the government’s sale of a £16bn portfolio of former Bradford & Bingley buy-to-let mortgages on Tuesday, in what will be the largest sale of assets by a European government. -
Austrian bank Bawag is lining up a debut prime RMBS deal for funding purposes, backed by a portion of Northern Rock mortgages acquired from UK Asset Resolution as part of the £13bn Granite sale last year.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
