Latest news
Latest news
Timeline of collapse that rocked the UK bridging loan market
As well as deals backed by new loans, it will call and refinance 2023 deals
Meanwhile, BNP Paribas hires in structured finance
More articles
More articles
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The primary market may have seen new issuance volumes flatline this month, but as we settle into the second half of August, it’d be wholly wrong to characterize the past few weeks as a typically-sleepy securitization summer. -
Downgrades on peripheral European countries’ credit ratings are making it more expensive for banks to hold peripheral asset-backed securities paper, according to a senior London-based ABS trader, but a lack of liquidity is making it tough to offload.
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Standalone structures in UK RMBS have been gaining ground, and could continue to rise in popularity, according to Standard & Poor’s.
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Nationwide Building Society has proposed restructuring its Silverstone master trust, which could pave the way for a return to market this autumn — its third issue since 2008.
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Invesco Mortgage Capital has announced a public offering of 20 million shares of common stock priced at $18.37 a share to raise roughly $367.4 million for the purpose of acquiring additional residential and commercial mortgage-backed securities.
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Investment in residential mortgage-backed securities in Chicago could be hindered by a local ordinance that includes lenders and financial firms in its definition of “property owners,” according to Moody’s Investors Service.
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U.K. lender Nationwide Building Society is modifying its residential mortgage-backed securities master trust, Silverstone, which market officials in London say will pave the way for a new issuance from the program shortly.
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Rating agencies are insisting that third-party mortgage servicers have back up arrangements to service residential mortgage-backed securitizations in the event the primary servicer is unable to.
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Asset manager Van Eck Global has launched its Market Vectors Mortgage Real Estate Investment Trust Income Exchange-Traded Fund, focusing on mortgage REITs.
