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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Delinquencies of 60 days or more in loans in Dutch prime residential mortgage-backed securities deteriorated slightly in the third quarter, climbing from 0.7% to 0.9%, according to Moody’s Investors Service.
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Performance of Spanish residential mortgage-backed securities showed a stable trend in the third quarter while asset-backed securities linked to loans to small and medium-size enterprises continued to deteriorate, according to Moody’s Investors Service.
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The Treasury’s sale of Northern Rock to Virgin Money, announced on Thursday, includes the first UK use of a hybrid instrument targeting CRD IV compliance.
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Northern Rock’s Granite master trust hit a non-asset trigger three years ago this Sunday — switching all the bonds to sequential pay, and creating at a stroke the most liquid instrument in European ABS, with £30bn in outstanding notes. Since then, Granite has come to function as the de facto benchmark of the market. What role remains for the trust today? Owen Sanderson finds out.
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Fitch is examining UK RMBS documents ahead of a January deadline which could see deals breach the Payment Services Regulations 2009. Collecting payments from UK consumers is a tightly regulated area — leading to unintended consequences for RMBS deals, and exposing noteholders to commingling and counterparty risk.
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Freddie Mac will begin securitizing previously delinquent mortgage loans that have reclaimed their performing status.
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Google has helped clamp down on loan-modification scams by suspending advertising relationships with more than 500 Internet advertisers and agents associated with 85 alleged online mortgage fraud schemes and related deceptive advertising, according to the special inspector for the Troubled Asset Relief Program (SIGTARP).
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Michael DePietro is said to have left his position as head of trading for non-agency residential mortgage-backed securities at Morgan Stanley.
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Rep. Scott Garrett (R-N.J.) said raising the limit on Federal Housing Administration loans “makes no sense,” especially in light of the FHA’s shrinking cash reserve fund.