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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Apollo Residential Mortgage, a unit of alternative investment manager Apollo Global Management, is targeting a Friday close for a secondary offering of equity shares in its real estate investment trust, which invests in both agency and private-label residential mortgage-backed securities.
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Standard & Poor’s has approved CoreLogic as a third-party due diligence provider for residential mortgage-backed securities it rates.
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Banco BPI is offering to buy back EUR2.06 billion ($2.71 billion) of bonds from its Duoro floating-rate residential mortgage-backed securities shelf, according to an official at a European bank.
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Ally Financial said it will significantly limit its purchase of loans from the U.S. Federal Housing Administration, Department of Veterans Affairs and Department of Agriculture as a further move away from mortgage-related activities.
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Ambac Assurance has filed a lawsuit against Bank of America alleging breach of contract related to mortgage-backed securities issued by its Merrill Lynch unit.
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Spanish bank Banco Santander has initiated a tender offer on bonds in a handful of its asset-backed securities, with the intention of purchasing a total of up to EUR750 million back from investors.
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Asset-backed securities linked to corporate loans and residential mortgages in Spain and Portugal are expected to perform more poorly this year than in 2009, according to Moody’s Investors Service.
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Springleaf Financial’s residential mortgage-backed deal priced hot on investor demand—in line with previous expectations going into the week—according to market players.
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Dutch lender Aegon Levensverzekering N.V. said Friday it is preparing a new securitization of prime Dutch residential mortgages from its Saecure program—making it the first Dutch RMBS deal to offer dollar-denominated bonds.