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Latest news
Cerberus buys Lendco, Advanzia's German credit cards, and CLO resets pause
Deal primarily backed by loans originated by specialist lender RNHB
Blackstone priced its triple-As well inside guidance
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Freddie Mac is close to obtaining reinsurance coverage for all of the retained portions of its risk transfer securitizations, a vice-president at the firm told GlobalCapital. -
TwentyFour Asset Management has raised £250m for its UK Mortgages Fund, which will invest in whole loans with an aim to securitize them in the future.
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Precise has issued a capital stack and guidance on its buy-to-let RMBS, with the senior class remaining at the spread offered at the initial thoughts stage.
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Banks have disclosed that they originated more residential mortgages last quarter, but market participants say the loans will only be securitized in agency deals.
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In the four months since Paragon priced its last UK buy to let RMBS, the lender’s outstanding bonds — along with much of the rest of the market — have drifted lower in price as Greece cast the pall of uncertainty over global capital markets.
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The Auburn UK buy-to-let RMBS platform is making its return under a new owner, months after Lloyds TSB attempted to sell Auburn 8 but pulled the deal.
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Macquarie became the only issuer to hit the European ABS market last week when it priced a €186.54m German RMBS deal.
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UK Chancellor of the Exchequer George Osborne’s budget, announced on Wednesday, won’t impact the UK’s buy-to-let sector, despite a provision that will reduce mortgage interest relief for rental landlords.
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The first securitizations of mortgages that fall outside of post-crisis origination guidelines are taking longer than expected because of a lack of supply, say market participants.
