Latest news
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Mezz and certificates go on offer, testing new execution strategy
Morgan's deal recalls Redwood's doctor-only pool in March
Select group of triple-A buyers hold significant pricing power
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Paragon Mortgages is set to print its second £350m buy-to-let RMBS transaction of 2014 this week, and is looking to lock in virtually all of the secondary performance its Paragon 19 trade has experienced since March with initial price thoughts for Paragon 20 set inside 70bp. -
Precise Mortgages and Paragon Mortgages will provide the UK RMBS market with competing supply next week, with both looking to considerably reduce their price premium to more established UK platforms.
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The Federal Housing Finance Agency on Tuesday became the latest regulator to highlight risks posed by large non-bank mortgage servicers, which are not held to the same capital standards as banks.
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The Federal Housing Finance Agency, led by Mel Watt, on Tuesday became the latest regulator to highlight risks posed by large non-bank mortgage servicers, which are not held to the same capital standards as banks.
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Precise Mortgages began a roadshow for its second UK RMBS transaction on Tuesday, with ABS bankers keen to see how much the lender can reduce its pricing differential to better established UK issuers in the market.
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Paragon Mortgages has mandated banks for its second buy-to-let RMBS sale of the year, intending to call the Paragon 16 deal it priced in 2011 as it continues to tempt investors back to its credit after not calling a number of deals at the height of the financial crisis.
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Bayview Financial has hit the US market with a $213m securitization of non-performing residential mortgages, one month after pulling a re-performing loan securitization following a public spat between two ratings agencies.
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The Bank of England is proposing changes to its regulatory regime to put a hard 15% limit on new mortgages at more than 4.5 times loan to income, in an effort to clamp down on what it sees as an increasingly overleveraged UK housing market, and limit the downside macro risks if it falls apart.
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Banca Popolare di Vicenza could follow its successful sale of €835.4m of senior notes on Monday with a secondary sale of the mezzanine tranche, said Paolo Altichieri, head of global markets at the firm.
