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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Springleaf Financial’s upcoming securitization of subprime residential mortgage loans from its legacy portfolio is likely to price strongly as investors reach for relative spread to comparable investments in a yield-hungry environment, according to market players.
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Rabobank’s subsidiary Obvion took the market by surprise on Tuesday when it privately placed its second Storm RMBS issue this year. The deal does not alleviate the Dutch publicly sold RMBS drought, but bankers expect this might change in the next quarter.
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Credit Suisse is said to have dropped the rating by Fitch Ratings from a residential mortgage backed security because of a dimmer view of the RMBS than that taken by rivals Standard & Poor’s and DBRS, according to Paul Taylor, Fitch’s new ceo.
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Eurohypo’s $740 million portfolio of performing loans has attracted more than 100 prospective buyers.
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Netherlands-based lender Obvion has privately placed a securitization of Dutch prime residential mortgages, STORM 2012-II.
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Non-agency mortgage real estate investment trusts, which invest in residential mortgage-backed securities, have so far in 2012 outperformed its agency counterparts, reversing their performance roles from the second half of last year.
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Bond insurer Ambac Financial Group has sued JPMorgan Chase over the more than $200 million in claims it had to pay on seven residential mortgage-backed securities.
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Brussels-based Dexia has filed suit against Bank of America’s Merrill Lynch unit for losses it claims it suffered on its investment of more than $900 million in mortgage-backed securities it bought from the bank.
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Credit enhancement on the top classes of an upcoming $741.9 million prime residential mortgage-backed securitization from Credit Suisse First Boston Mortgage Securities Corp. is “insufficient” to warrant AAA ratings from Fitch Ratings, the agency announced today.