Latest news
Latest news
Invictus, Annaly, JP Morgan to print a billion dollars each next week
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
More articles
More articles
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Banca Popolare di Bari is to become the first Italian bank to take advantage of the Italian government guarantee scheme for the securitization of non-performing loans, which was launched in January this year. But market participants doubt the scheme will have a real impact, writes David Bell.
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Trading in the US ABS secondary market in March has seen dealers further reduce their holdings across asset classes.
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Fannie Mae has priced its second credit risk transfer (CRT) deal of the year wider than the previous offering, as market concerns over the agencies' CRT programme lead investors to demand wider spreads.
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Coventry Building Society launched a new RMBS shelf on March 17, with a £474.3m prime buy-to-let deal issued through its subsidiary Godiva Mortgages.
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An increase in US interest rates could be a shot in the arm for the private label RMBS market this year, as higher yields could generate more interest among investors previously sitting on the sidelines.
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JP Morgan Chase has become the first large financial institution to securitize residential mortgages under the Federal Deposit Insurance Corporation’s (FDIC) safe harbour rules.
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Concerns over regulation and liquidity mean ABS issuers are turning more to covered bonds this year, though there is hope that 2016 will see an increase in capital relief trades, according to panellists at IMN’s Global Covered Bond conference in London on Monday.
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A break in macroeconomic volatility over the past several weeks has opened up a window for secondary spreads in many ABS asset classes to stabilise, and in some cases reverse some of the widening that took place over the first six weeks of 2016.
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Unión de Créditos Inmobiliarios’ second post-crisis RMBS deal was priced tight on Thursday, coming at a level which deterred some investors from taking part.