Latest news
Latest news
◆ EU regs plan sparks debate over treatment of secured borrowing ◆ Blistering corporate and FIG issuance but why are premiums rising in one market but not the other? ◆ UK Renters' Rights Act to impact UK buy-to-let RMBS market
New law expected to accelerate the dominance of professional landlords
Together added to the sterling market with a small ticket CRE CMBS
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Lead managers RBS and JP Morgan have released guidance for Coventry Building Society’s debut RMBS, Leofric No 1, which is expected to be priced later this week.
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A $111 million residential mortgage-backed securitization from Vericrest Financial, Vericrest Opportunity Loan Trust 2012-NPL1, priced Friday off of strong investor interest, according to an official with knowledge of the deal.
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Standard & Poor’s has downgraded 186 classes from 77 U.S. residential mortgage-backed securities issued between 1997 and 2007.
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More U.K. social housing securitizations could be in the offing as housing providers are tipped to move away from traditional bank funding and head toward the debt capital markets, according to London-based whole business securitization analysts.
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U.K. lender West Bromwich Building Society resurfaced with its Kenrick No. 1 residential mortgage-backed securitization late on Friday afternoon, having previously shelved the deal in July due to growing market volatility in Europe.
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The Attorney General’s Office of New York has denied claims that the Residential Mortgage-Backed Securities Working Group set up in January by the Obama administration and headed by N.Y. Attorney General Eric Schneiderman has been inactive.
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U.K. lender Coventry Building Society is preparing to come to market with its first securitization of prime residential mortgages, Leofric No. 1, as officials at the firm predict future RMBS activity will complement its existing covered bond program.
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The first quarter of 2012 saw more than $51 billion of new issue securitization in the U.S. and more than $16 billion in Europe, marking the best start to a year since the 2008 financial crisis, according to SI data.
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Coventry Building Society this week revealed plans for its debut RMBS transaction, following on from its first covered bond last year. The UK borrower is targeting a sterling deal next week.