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
More articles
More articles
-
New issuance volume in the European securitization market is set to total about EUR50 billion ($66.3 billion) for the first quarter, market officials told SI this week.
-
Redwood Trust raised $322 million in its latest sale of private residential mortgage-backed securities, only the fifth such deal by a non-governmental entity since the beginning of the financial crisis in 2008.
-
The New York Supreme Court has dismissed German bank HSH Nordbank’s lawsuit against UBS for what it claims are “near-total” losses on a $500 million collateralized debt obligation it purchased from the Swiss bank in 2002.
-
The whole loan residential mortgage market stands to benefit from a potential transfer of liquidity from the securitization sector, where “absurdly high” Solvency II capital charges could push insurance investors away from residential mortgage-backed securities, according to London-based analysts.
-
The Bank of England’s Financial Policy Committee, charged with ensuring financial stability, has warned that “[European Union] law or regulatory or technical standards” could constrain its ability to act.
-
The U.K.’s Financial Services Authority has fined and banned two former directors of Cattles and its Welcome Financial Services subsidiary for publishing misleading information to investors about the credit quality of Welcome’s loan book and acting “without integrity in discharging their responsibilities.”
-
Performance of Greek residential mortgage-backed securities and asset-backed securities continued to weaken in the three-month period ended Jan. 31, with serious delinquencies rising to 2.91% from 2.22% at the end of October, according to Moody’s Investors Service.
-
Activity is tapering off across Europe’s securitization mart this week as the end of the quarter approaches, ratcheting down the flurry of new issues that emerged this month along with the steady flow of Bids-Wanted-In-Competition in recent weeks.
-
Demand for floating-rate covered bonds is growing in Europe, with investors said to be considering the asset class as an alternative to U.K. and Dutch residential mortgage-backed securities.