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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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. -
TwentyFour Income Fund, a listed fund from TwentyFour Asset Management, the UK asset manager specialising in fixed income, has launched its second capital increase of the summer, to satisfy additional demand and finance the purchase of new securities backed by Dutch consumer loans and British mortgages.
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The UK’s RMBS market shrugged off Brexit. Whether it can survive the Bank of England’s new Term Funding Scheme (TFS) is another matter.
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Sales of Italian assets have driven European loan sales past the figure reached last year, according to a new report from Deloitte, which also said it expects loan sales by the Bradford & Bingley mortgage book owner UK Asset Resolution (UKAR) to boost volumes in the UK market.
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An update from the Consumer Financial Protection Bureau (CFPB) on its TILA/RESPA Integrated Disclosure (TRID) rule failed to address key concerns of RMBS market participants regarding who is left holding the bag if compliance is breached.
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The Bank of England’s new Term Funding Scheme (TFS) could depress UK RMBS issuance, investors fear. But one issuer said it would help bring a “distorted” market back into line.
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Junglinster, an entity owned by funds controlled by TPG Special Situation Partners, Blackstone and CarVal Investors, sold £2.1bn ($2.72bn) of UK nonconforming RMBS paper last Friday, in a deal that was largely pre-placed.
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Redistributing non-performing loan risk among Italian shareholders, pension funds, banks, retail investors and the government will make Italy’s banking sector worse, not better.
