Latest news
Latest news
The £500m trade is the joint largest non-bank credit card ABS, matched by CoT’s previous deal
Lendco also added a UK BTL RMBS to the pipeline
This is the second RMBS deal from the PIF-backed issuer
More articles
More articles
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John Williams, president of the Federal Reserve Bank of San Francisco, says that if the U.S. economy needs additional stimulus, “restarting our program of purchasing mortgage-backed securities would probably be the best course of action.”
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Rep. Kevin Brady (R-Texas) is expected to introduce on March 8 the Sound Dollar Act, which would limit the Federal Reserve’s regulatory power and could restrict the type of mortgage-backed securities the central bank can buy.
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PSigma Investment Management and TwentyFour Asset Management have co-launched the TwentyFour Focus Bond Fund, which will target a mix of assets at the lower end of the credit spectrum, including asset-backed securities.
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Appetite for euro-denominated paper is expected to increase as industry attention switches to the next potential flow of new deals.
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Bank of America and JPMorgan Chase have been slapped with another lawsuit involving residential mortgage-backed securities.
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U.S. District Judge Jed Rakoff of New York has denied a motion of summary judgment by Flagstar Bank, forcing the bank to proceed to trial with Assured Guaranty Municipal.
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U.S. District Judge Naomi Reice Buchwald of Manhattan has rejected a bid by investors to obtain documents from the U.S. Department of Justice relating to its criminal investigation of traders who allegedly manipulated the London Interbank Offered Rate.
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Citi’s 10-K filing confirms what many have suspected for some time — it has followed US peer JP Morgan into the non-US RMBS market with some big tickets.
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The second stage of the European Central Bank’s Long-Term Refinancing Operation, which saw 800 European banks borrow a total of EUR529.5 billion ($706.1 billion) on Wednesday, will help sustain the rally in the region’s securitization markets, London-based officials say.