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
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The Federal Reserve is said to be preparing for a second offer of an estimated $6 billion residential mortgage-backed securities that it acquired as part of a bailout of American International Group.
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Wachovia Capital Markets could escape a lawsuit filed by the National Credit Union Administration over losses it claims came from residential mortgage-backed securities sold to its members, if the NCUA fails to convince the court that the action should not be dismissed.
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The state of California has filed suit against Northern Trust for investing in mortgage-backed securities that resulted in a loss of $95 million to the Los Angeles Employees Retirement System pension fund.
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The recent tender offers seen in Spanish and Portuguese residential mortgage-backed securities are not expected to spark off a major rally in peripheral market securitizations, according to London-based market officials.
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Europe’s residential mortgage-backed and asset-backed securities markets are seeing sustained secondary activity, with busy trading expected to carry over from last month well into February, according to secondary traders in London.
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Lloyds Banking Group priced its Arkle 2012-1 U.K. prime residential mortgage-backed securitization late on Friday afternoon. -
The performance of residential mortgage-backed securities in Europe, the Middle East and Africa continued to deteriorate in the second half of 2011, according to Moody’s Investors Service.
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The secondary market for UK prime RMBS paper remains stubbornly sluggish despite a rally in broader credit markets this year. But there is no shortage of interest in primary issuance, with demand for Lloyds Banking Group’s latest Arkle RMBS reported to be strong.
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In a flurry of activity that offered another glimpse of the spare cash washing around the European banking sector after the ECB’s first Long Term Refinancing Operation (LTRO) in December, Spain’s CatalunyaCaixa and Banco Popular Español launched tender offers this week, buying back ABS, covered bonds and hybrids.
