Latest news
Latest news
It plans to include transactions backed by second lien fixed rate mortgages originated post-crisis
Public versus private distinction scrapped for disclosure plus new, simplified templates for mature asset classes
Meanwhile, ADMT has set guidance for its $602m non-prime deal
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American Residential Properties Inc plans to invest in and improve its current single-family rental home portfolio before acquiring more homes, executives at the company said on Thursday.
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European lenders that have never used the securitization market before are talking to banks about the possibility of using it as a tool to prune their balance sheets.
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American Residential Properties Inc, reportedly a takeover target, can finance more home purchases through further securitization of its existing portfolio, according to market participants.
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Amid news of several high profile people moves at credit rating agencies in New York, new junior and mid-level ABS raters are sought by Moody’s and Standard & Poor’s.
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The riskier tranches of single family rental ABS issued in 2014 performed well last year and could perform even better this year, according to data from JP Morgan.
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Premium Point Investments is raising capital for a private equity fund to purchase single-family rental properties from affiliate Residential Capital Management, sources familiar with the plans told GlobalCapital.
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Co-Operative Bank has priced Warwick No. 1, a non-conforming RMBS deal that grew from an already formidable launch size of £1.19bn to £1.5bn. But though the entire capital stack was on offer, the bank’s treasury bought 65% of the deal’s class 'A' tranche.
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Five Oaks’ debut jumbo RMBS issuance was priced above par on Tuesday, according to a source close to the $267.19m deal.
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Holland’s Achmea is looking to launch a new shelf of prime Dutch RMBS that will avoid the use of back to back swaps, which are becoming expensive for issuers.