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
-
Changes to the Home Affordable Refinance Program could be around the corner, even if plans for a large-scale refinancing President Barack Obama laid out in his State of the Union speech are unlikely to clear Congress, market players say.
-
Performance of non-conforming and prime residential-mortgage backed securities remained stable in the three months ended in November, according to Moody’s Investors Service.
-
Losses on residential mortgage-backed securities may total an additional $300 billion, according to R&R Consulting.
-
President Barack Obama in his State of the Union message Tuesday night asked Congress to approve a mortgage-refinance plan that would allow borrowers current on their loan payments to secure a new mortgage at record-low rates.
-
Issuance of residential mortgage-backed securities linked to multifamily dwellings by Fannie Mae surged 45% in 2011 to $23.8 billion.
-
Fitch Ratings has downgraded 489 distressed bonds in 291 U.S. residential mortgage-backed securities from Csf and CCsf to Dsf, indicates the bonds have incurred a principal write-down.
-
Lisa Madigan, the Illinois attorney general, has filed suit against Standard & Poor’s for its role in assigning its highest ratings to “unworthy” mortgage-backed securities in the years leading up to the housing market collapse.
-
Market players at the ASF2012 conference in Las Vegas this morning expressed little concern over President Obama’s State of the Union speech last night, in which he called on Congress to pass legislation allowing homeowners current on their mortgages to refinance.
-
Rabobank and Société Générale, lead managers on Obvion’s Storm 2012-1 Dutch RMBS, are looking at levels for the ‘A1’ notes 5bp-10bp inside the initial 120bp guidance, released on Tuesday.