Latest news
Latest news
Some deals resemble the bank SRT market but there is room for independent sponsors to put trades together
Market participants gathering in Stavanger will focus on market growth
Mezz and certificates go on offer, testing new execution strategy
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Fitch Ratings lowered its forecast for 2012 structured finance output in Europe, the Middle East and Africa by EUR75 billion ($93.19 billion).
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Germany’s Bayerische Landesbank has filed a lawsuit in Manhattan against Barclays, charging the U.K. bank misrepresented the underwriting standards for the loans that were packaged into mortgage-backed securities.
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Global lending growth slowed to 4% in 2011 and will likely slow to 3% this year, according to Fitch Ratings.
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Rising default rates and uncertainty over the ability of banks to make recoveries leaves Greek RMBS senior noteholders in an increasingly precarious position, ratings agency Fitch told EuroWeek.
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Springleaf Financial, the consumer lending arm of Fortress Investment Group, has privately placed its second residential mortgage deal of the year.
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Fitch Ratings says it is revising its rating criteria for Irish residential mortgage-backed securities after projecting that mortgage delinquencies and house price declines are likely to be worse than initially forecast.
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UK non-conforming RMBS and buy-to-let spreads continue to track UK prime spreads inwards, raising the prospects for non-prime issuance after the summer, ABS bankers have told EuroWeek Structured Finance.
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Goldman Sachs has agreed to pay $26.6 million to investors that charged in a class action that the investment bank misrepresented the mortgage-backed securities it sold to them.
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Avis Budget Rental Car Funding has completed an offering of $690 million asset-backed securities, the proceeds of which will be used to refinance ABS debt maturing in 2013 with a blended interest rate of roughly 5%.