Latest news
Latest news
Blackstone priced its triple-As well inside guidance
The acquisition was announced a day before Lendco priced its Atlas securitization
Non-qualified mortgage securitizer is bringing third deal of year for $424m
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Leads on Virgin Money’s prime UK RMBS deal have tightened in pricing on the sterling tranche and set the euro tranche in line with guidance ahead of expected pricing on Friday.
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Home prices in the US increased by 0.4% month-to-month in February according to the latest data from the Federal Housing Finance Agency (FHA)’s House Price Index (HPI). -
The agency credit risk transfer (CRT) market has seen an uptick in secondary trading in recent weeks, boosted by a flight to quality mortgage securities and brisk issuance from the government sponsored enterprises (GSEs).
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Vague guidance on the Consumer Financial Protection Bureau’s (CFPB) TILA/RESPA Integrated Disclosure (TRID) rule is said to be yet another obstacle standing in the way of the comeback of private label RMBS, as lenders fear having to buy back mortgages that run afoul of the regulation.
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Residential mortgage originators should look to comply as best they can with the recently implemented TILA/RESPA Integrated Disclosure (TRID) rule, despite a lack of clear guidance from the Consumer Financial Protection Bureau (CFPB), Kroll Bond Ratings urged market players in a note published on Wednesday.
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Fannie Mae priced CAS 2016-C03, its third credit risk transfer (CRT) deal of the year, on Tuesday with final pricing coming in just one day after the deal was announced.
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An improvement in market conditions since Nationale-Nederlanden Bank (NN Bank) was last in the RMBS market didn’t help initial spreads on its privately placed €500m deal come any tighter this week.
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The senior notes of Towd Point Mortgage Funding 2016-Granite 1 are being bid 5bp tighter in secondary trading, though flows are said to be limited, with most of the tranche preplaced. Final pricing last Friday afternoon showed Cerberus missed its reserve levels for the very bottom of the capital stack, with classes G, Z and X fully retained, though they had been listed as “call desk” until Friday morning.
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RMBS investors are flooding back to the agency space, as renewed volatility in global markets drives a flight to quality.
