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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Standard & Poor’s placed 764 tranches in 119 transactions of UK RMBS on CreditWatch Negative on Monday, providing what one ABS trader called "another Christmas present to the market".
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Dutch residential mortgage backed securities deals that have put options attached to them have come to light since the issuer does not have the funds to redeem the notes on the respective put dates.
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Senior tranches of core European securitization asset classes continue to show resolve despite sustained market turbulence in the region, with spreads in U.K. and Dutch RMBS tipped to remain inside of 200 basis points in the face of potential further deterioration in senior unsecured markets.
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Mortgage applications increased 4.1% for the week ending Dec. 9 over the previous week, on the heels of a surge in refinancing applications, data from the Mortgage Bankers Association shows.
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Life insurers, banks and government-sponsored enterprises—three of four leading investor groups--increased their holdings of commercial and multifamily mortgages in the third quarter, according to the Mortgage Bankers Association.
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DZ, the central for German cooperative banks, has filed suit against Ally Financial, Bank of America and others over nearly $290 million in residential mortgage-backed securities, charging them misrepresenting the underwriting standards used when issuing the loans.
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Fitch Ratings affirmed 473 classes and downgraded 129 classes on 81 U.S. scratch-and-dent residential mortgage-backed securities transactions.
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Europe’s secondary space is seeing a flow of mezzanine paper into the market, as the primary issue pipeline remains empty and the market shows signs of wrapping up for year-end.
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Residential mortgage-backed securities trader Eric Daouphars has left Citadel Securities to join brokerage and investment banking firm Stifel Nicolaus in the non-agency space.