Latest news
Latest news
Together added to the sterling market with a small ticket CRE CMBS
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
More articles
More articles
-
Default risk of loans in U.S. residential mortgage-backed securities continues to improve gradually in the second quarter, largely due to falling home prices, which are likely to hit bottom next year before recovering, according to Fitch Ratings. .
-
Uncertainty related to aspects of the Dodd-Frank Act has caused many traditional issuers of residential mortgage-backed securities to delay their issuance plans, according to Fitch Ratings.
-
Banks acting as counterparties in securitizations are set to begin work swiftly to address the effects of Moody’s Investors Service’s sweeping bank downgrades last week, which will have a far-reaching effect on securitization deal ratings.
-
Housing finance provider Tamweel, owned by the Dubai Investment Corporation, has gone out with price guidance for its $235m Shariah compliant RMBS.
-
Leads have started taking orders for DMPL X, a prime RMBS from Dutch lender Achmea Hypotheekbank, after launching price guidance that market participants said was tight.
-
U.S. District Judge Lewis Kaplan of New York has a $40 million settlement in a class action against officers and directors formerly affiliated with Lehman Brothers Holdings who allegedly misled investors concerning the credit quality of billions of dollars of mortgage pass-through certificates.
-
Dublin-based Sealink has added Deutsche Bank to its list of financial institutions it has sued alleging fraud involving the sale of residential mortgage-backed securities.
-
London-based officials are welcoming the new residential mortgage-backed issue from Virgin Money’s Gosforth program a year after the last deal from that program –under a different sponsor -- came to market.
-
ABS traders are worried about the withdrawal of some of the most liquid bonds in the market as Northern Rock Asset Management looks to buy back a chunk of Granite triple-B bonds, in a tender announced last week.