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RMBS

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  • Securitization pros are gauging the potential impact on the Co-Operative Bank’s outstanding U.K. residential mortgage securitizations, following Moody’s Investors Service’s six-notch downgrade of the U.K. lender on Friday.
  • Securitisation bankers and analysts spent Monday gauging the effect of last week’s six notch downgrade by Moody’s of the Co-Operative Bank — in particular, the impact on the issuer’s outstanding UK residential mortgage securitisations.
  • Australia’s Suncorp Bank successfully priced its latest Apollo RMBS on Friday.
  • Royal Bank of Scotland strategist Richard Hill will be joining Morgan Stanley’s research team after a garden leave, according to sources.
  • A residential mortgage-backed securities shelf registration Shellpoint Partners filed with the Securities and Exchange Commission late last year goes into effect today, marking another of several baby steps for the private label RMBS space this year.
  • Australia’s Suncorp Bank has gone ahead with an AUD750 million ($762.3 million) new issue from its Apollo residential mortgage-backed securities platform in a deal that will target heavy allocation to U.K. investors.
  • Bill Anast, who ran the agency collateralized mortgage-obligation desk at Barclays, has left the bank. He is said to be heading for JPMorgan.
  • JPMorgan is said to be in the early stages of prepping a follow-up to its first non-agency residential mortgage-backed securitization, this time gauging interest in a sequential deal structure with an emphasis on the last cashflow bonds.
  • JPMorgan is said to be in the early stages of prepping a follow-up to its first non-agency residential mortgage-backed securitization.