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
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A summer supply shortage coupled with rising demand for structured finance assets has driven UK ABS spreads back to pre-Brexit levels. -
The credit risk transfer (CRT) market is benefitting from almost two months of continuous tightening in the secondary market on the back of investors piling into any products they can find offering yield.
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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.
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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.
