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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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The tightening spreads seen in Dutch lender Obvion’s recent Storm 2012-I residential mortgage-backed trade is a reflection of growing investor confidence in Dutch RMBS, according to Max Bronzwaer, head of treasury at Obvion.
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The Bank of Scotland has launched a tender offer to buy back three classes of notes from its Candide Financing 2005 and 2006 Dutch residential mortgage securitizations at par.
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Lloyds Banking Group is tendering for three series of Dutch RMBS from its Candide programme, in a move that is probably designed to get hold of collateral for the ECB’s second LTRO at the end of February.
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Lloyds Banking Group today issued guidance on its Arkle 2012-1 U.K. prime residential mortgage-backed issue, which includes the Arkle program’s first yen-denominated tranche since October 2010.
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Banks dumped $26 billion in mortgage-backed securities holdings in the last week, a significant drop over a short period, according to analysts at JPMorgan during a client call on Tuesday.
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U.S. bank continued to maintain tight lending standards in the fourth quarter despite rising demand, according to the Federal Reserve.
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Citigroup has adopted a strategy to avoid purchasing medium or high-risk mortgages that could eventually result in requests from Fannie Mae and Freddie Mac to buy them back.
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Dutch pension fund Stichting Pensioenfonds ABP has filed suit in New York state Supreme Court against Goldman Sachs for allegedly providing misleading information about the credit quality of residential mortgage-backed securities.
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The outlook is stable this year for the credit quality of new and outstanding structured-finance transactions in Latin America, according to Moody’s Investors Service.