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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. Government Accountability Office says the Independent Foreclosure Review process designed to compensate borrowers for errors made by mortgage servicers is seriously flawed, citing inadequate communication for the program’s low response rate, among other problems.
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Bank of America has agreed to pay $375 million to settle claims by bond insurer Syncora that it suffered millions in losses in connection with mortgage-backed securities sold by the bank’s Country Financial unit.
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Initial price talk on Clydesdale Bank’s Lanark Master Issuer 2012-2 emerged Wednesday as the prime U.K. residential mortgage securitization reaches the final stages of the U.S. leg of its investor roadshow.
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Leads on Clydesdale Bank’s Lanark 2012-2 RMBS have released initial price thoughts and opened books, as the Scottish borrower begins a final day of US investor meetings.
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Ben Logan, managing director at Markit, will leave the data provider July 20.
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A new residential mortgage-backed trade in Europe is in the works and the issuer could be under pressure to get the trade out before the summer slowdown, according to London officials.
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As the UK's Clydesdale Bank begins its second day of meetings with US investors for its Lanark 2012-2 RMBS, bankers expect the deal to benefit from being potentially the last publicly sold RMBS in the market until September.
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Gleacher & Company Securities, the broker/dealer arm of investment bank Gleacher & Co., has continued its senior-level hiring push.
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JPMorgan, Barclays and Bank of America Merrill Lynch continue to dominate the top three bookrunning slots, respectively, in global asset-backed securities this year, according league tables provided to SI by Dealogic.