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RMBS

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

  • Barclays Capital is prepping a new issue of residential mortgage-backed securities from its Gracechurch Mortgage Financing vehicle, a year after it restructured the program.
  • U.K. buy-to-let lender Paragon Mortgages is said to have already lined up commitments on most of its public market bonds in a new £150 million ($239.6 million) residential mortgage-backed securitization, Paragon Mortgages No. 16, according to a London-based market official.
  • Prices in Northern Rock’s U.K. residential mortgage-backed securities vehicle Granite, seen as the European securitization market’s bellwether, are staying high despite a slight post-rally drop-off.
  • An attempt by counterparties of MF Global to liquidate some of the broker-dealers non-agency residential mortgage-backed securities is said to have been thwarted by the firm’s bankruptcy filing.
  • Investec has rolled out a £204 million ($327 million) securitization through its Kensington unit.
  • Rabobank’s Dutch mortgage subsidiary Obvion is prepping a EUR700 million ($958.2 million) public offering from its STORM residential mortgage securitization shelf, STORM 2011-IV.
  • Returns for the eight managers of funds under the U.S. Department of Treasury’s Public-Private Investment Program ran negative in the third quarter.
  • JPMorgan Chase denies charges by four collapsed corporate credit unions that it mislead them about the risks of mortgage-backed securities sold by the bank.
  • More European issuers are expected to roll out cross-currency securitizations though year-end, tapping the U.S. market in particular with U.S. dollar-denominated tranches in a bid to tighten domestic spread levels.