Latest news
Latest news
As well as deals backed by new loans, it will call and refinance 2023 deals
Meanwhile, BNP Paribas hires in structured finance
Aspire's first deal is a $391.28m non-prime securitization
More articles
More articles
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U.K. buy-to-let lender Paragon Mortgages is still on track to roll out a new issue residential mortgage-backed deal this year, despite the recent turmoil that has shut off the new issue securitization market in Europe since June, officials at the firm have said.
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Dutch residential mortgage-backed deals underpinned by the Nationale Hypotheek Garantie (NHG), a Dutch government program that supports residential home loans, could see a flurry of noteholder meetings this month over proposed restructurings.
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Springleaf Financial has $12 billion on its balance sheet to securitize and is restarting residential lending efforts, meaning it has the potential to do more deals similar in size to its recent residential mortgage-backed securities deal, Wesley Edens, co-founder of Fortress Investment Group told SI in an interview.
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Moody’s has kept a slew of Italian RMBS issues on downgrade watch as the agency’s new operational risk rules start to bite.
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The Federal Reserve Board has levied Goldman Sachs with an enforcement action on Thursday related to the mortgage servicing and foreclosure practices of its Litton Loan Servicing unit, a platform it recently sold to Ocwen Financial Corporation.
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Lawyers for the parties involved in the put-back lawsuit against Bank of America gathered today for a hearing before Judge William Pauley in the Southern District of New York to ask to move the case back to state court. -
The delinquency rate of loans in U.S. commercial mortgage-backed securities fall 36 basis points to 9.52%, according to Trepp.
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The average loan on a foreclosed home has not had a payment made in 599 days in July, a new record, according to Lender Processing Services.
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Europe’s secondary asset-backed securities market has seen a handful of bids-wanted-in-competition, though trading remains light with the main pockets of demand chasing shorter-dated prime residential mortgage-backed securities.
