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Latest news
This is the second RMBS deal from the PIF-backed issuer
Volkswagen also added a UK auto ABS to the primary
Invictus, Annaly, JP Morgan to print a billion dollars each next week
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Industry pros in London say expensive basis swap costs could be a concern down the line for certain U.K. asset-backed securities and residential mortgage-backed securities issuers looking to offer paper in euros.
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The U.K. government has announced that the release of details for banking sector reform will be delayed until June, instead of early or mid-May as banks were originally told.
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Performance of loans in Italian residential mortgage-backed securities remained stable in the three-month period that ended Feb. 29, according to Moody’s Investors Service.
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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.