Latest news
Latest news
Meanwhile, BNP Paribas hires in structured finance
Aspire's first deal is a $391.28m non-prime securitization
Two lenders entering administration should signal to others: simplify the industry
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The Federal Reserve, Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp., have finalized their guidance related to stress-testing practices at banks with total consolidated assets of more than $10 billion.
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U.S. District Judge Denise Cole of Manhattan has proposed a trial schedule for 17 lawsuits brought by the U.S. Federal Housing Finance Agency against banks over mortgage-backed securities, with the first case—with UBS as defendant—to be tried in 2013 and the rest to continue in 2014.
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Santander U.K. is set to price its Fosse 2012-1 prime U.K. residential mortgage-backed trade later this week.
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Moody’s Investors Service has downgraded EUR2.6 billion ($3.34 billion) in Irish residential mortgage-backed securities and has put on review for downgrade additional RMBS that could affect EUR17.3 billion ($22.25 billion) in debt.
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Santander UK has decided to offer notes across nine tranches and in four different currencies and maturities for its Fosse 2012-1 RMBS. The transaction, which the leads hope to price on Wednesday, includes the first offering of double-A notes from a UK master trust since 2007.
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The Federal Reserve Bank of New York has announced it will be offloading additional collateral from two legacy collateralized debt obligations held in its Maiden Lane III portfolio, with auctions scheduled for May 17 and May 22.
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A non-asset trigger breach in Bradford & Bingley’s Aire Valley residential mortgage-backed master trust could cause the underlying bonds on the deal to become more liquid, creating a benchmark similar to the Northern Rock’s Granite U.K. RMBS, which is seen as the bellwether of the European market, according to London-based analysts.
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The EUR36.4 million ($46.8 million) Berlin residential portfolio loan, securitized in Morgan Stanley’s pan-European Silenus (European Loan Conduit) ELoC No. 25 commercial mortgage trade, has been a given a new six-month standstill period containing certain conditions.
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A graph of year-to-date issuance by region and sector, as reported by Securitization Intelligence, accompanied by a bird's-eye view of the activity seen in each sector last week.
