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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Obvion’s €1bn Purple Storm Dutch RMBS deal, which sold the entire capital stack, shows that despite the growth of whole loan portfolio sales, there is still interest in using securitization as a balance sheet relief tool. -
US mortgage rates have fallen continuously since the UK voted to leave the European Union, with the potential to drive a wave of refinancing activity across the US housing market.
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European ABS investors are set to get a rare slice of French RMBS, with GE Money Bank in France hitting the road with €2bn of French residential mortgages.
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The Federal Housing Finance Agency (FHFA) has reached out to RMBS market participants seeking guidance on how to improve the delivery of the government sponsored enterprises' (GSE) credit risk transfer (CRT) securities and on the practice of setting guarantee fees the GSEs charge to lenders.
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The UK securitization market could become even more "clubby", an RMBS originator has warned, as issuers steer clear of the public markets and turn to private or bilateral deals in the wake of the British referendum result, dragging down expectations of public issuance in the European market.
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European ABS market participants are expecting a slowdown in new issuance as originators ride out short term volatility in the market following the British referendum result and digest the potential long term pressures on collateral performance.
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Metallinvestbank has issued the Russian market’s first single tranche securitization deal, as banks look to avoid punitive risk weights on junior ABS tranches.
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CarVal Investors has restructured the risk retention pieces of two giant securitizations of legacy Northern Rock mortgages, placing the economics of the retained classes into a new class of shares.
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Favourable housing market fundamentals in the US and a calmer ABS sector could drive an increase in new issue non-agency RMBS after a disappointing first half of the year, according to analysts at Deutsche Bank.
