Latest news
Latest news
PRA and FCA go much further than EU in loosening rules
Liberated issuers will still have to follow European regulations if they want to sell in EU
Citi prepares consumer ABS from Abound forward flow
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The performance of UK non-conforming residential mortgage-backed securities market improved in the three months ending November 2014, according to Moody's, which has a positive view on the country’s housing market and is eyeing upgrades to 17 trades.
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Invitation Homes is marketing the first single family rental (SFR) securitization of 2015, a $540.854m deal backed by a single first-lien, interest-only loan. -
Jumbo RMBS issuance in the US is trending upward as Two Harbors markets its first deal of the year, but market participants say a lot more volume is needed before a secondary market can develop in the sector.
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Performance shocks could be on the way for agency RMBS and servicer advance securitizations exposed to Ocwen Financial, following an investigation in California which could result in the offloading of Ocwen’s entire California servicing portfolio.
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Towd Point Mortgage Trust is marketing the second rated re-performing loan (RPL) RMBS transaction since the financial crisis, as yields have declined in the sector and new issuers have sought ratings to sweeten the deal for investors.
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The Federal Housing Finance Agency (FHFA) is believed to be considering a reduction in its conventional mortgage guarantee fees in a bid to win back business from the Federal Housing Administration (FHA).
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The Federal Housing Administration’s plan to lower annual mortgage insurance premiums is expected to steer business to Ginnie Mae and away from Fannie Mae and Freddie Mac, but performance should be stronger for notes backed by conventional mortgages.
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Blackstone and TPG have bought UK mortgage servicer Acenden from the Lehman Brothers administrators, adding to a growing portfolio of UK mortgage exposure which also includes specialist lender Kensington.
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Tight European Central Bank purchase programme-eligible ABS spreads in the early part of this year may spark the return of Spanish issuers to the primary markets, said bankers on Thursday. This in turn could provide the ECB with fresh supply to increase the meagre pace of its intervention.
