Latest news
Latest news
First euro deal since the market closed for Global ABS
TwentyFour brings out UK BTL RMBS from Hops Hill shelf
Several banks are reining in their appetite for warehouse lending
More articles
More articles
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Freddie Mac is close to selling a securitization of jumbo mortgages in what market participants are calling a threat to one of the only remaining parts of the US non-agency market.
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Bank of America Merrill Lynch and JP Morgan sent initial price thoughts to potential investors in Towd Point Mortgage Trust’s new securitization of re-performing mortgages on Wednesday.
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Taking their cue from the successes of Precise and Paragon’s UK buy to let RMBS trades last week, three more RMBS issuers plan to price their deals this week.
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Legacy non-agency RMBS spreads widened last week as some investors took advantage of new liquidity to sell legacy paper.
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The capital structure on Auburn 9, the new buy-to-let RMBS sponsored by Cerberus Capital Management, has been tweaked to increase the step-up margin, reflecting investor nervousness about extension of the bonds.
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B2R Finance, which issued its first single-family rental ABS deal earlier this year, has hired a former senior executive at American Express and Fannie Mae as its CFO.
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Paragon Group and Precise Mortgages both launched and priced their UK buy-to-let RMBS deals on Thursday, paying higher spreads than on their last such deals.
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Fannie Mae’s third credit risk transfer securitization of the year has been priced, with the final size exceeding the sponsor's initial target.
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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.