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Latest news
This is the second RMBS deal from the PIF-backed issuer
Volkswagen also added a UK auto ABS to the primary
Invictus, Annaly, JP Morgan to print a billion dollars each next week
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The U.S. Securities and Exchange Commission has come to a $6.5 million settlement with Wells Fargo.
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Fitch Ratings has updated the criteria it uses to rate U.S. residential mortgage-backed securities with a new loss model for the Alt-A and subprime sectors.
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Rule proposed by the Consumer Financial Protection Bureau regarding servicers of residential mortgage-backed securities could set consistent standards for all U.S. residential mortgage servicers, but could further increase compliance costs for the industry, according to Fitch Ratings.
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A federal judge in New York in dismissed a multibillion-dollar class action against Deutsche Bank alleging fraud in connection with the sale of residential mortgage-backed securities.
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Israel’s Bank Hapoalim has sued JPMorgan Chase for allegedly making material misrepresentations in the offering materials for residential mortgage-backed securities it sold.
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Prytania Investment Advisors’ recently launched Galene fund will aim to switch out of more liquid assets further up the capital curve to better yielding assets, such as U.S. CLOs and CMBS in the next few months, according to Mark Hale, chief investment officer, at the firm in London.
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Prices for Northern Rock’s Granite U.K. residential mortgage-backed securities have continued to hold up following last month’s tender by U.K. Asset Resolution, despite a slump in overall market activity in recent weeks.
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San Bernardino, Calif., may not issue a request for proposals to evaluate the controversial application of eminent domain that would allow the county to pluck underwater mortgages from their securitized pools until mid-September, Gregory Devereaux, San Bernardino’s chief executive, told SI, last week.
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U.K. prime residential mortgage-backed securities could enjoy a further rally as the market kicks back into action after the summer, London-based securitization analysts said Friday.