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
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James Campbell, former director of servicer oversight at Deutsche Bank, has left for a new post at Vericrest Financial, the renamed servicing arm of CIT Group.
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Moody’s Investors Service has downgraded $1.4 billion of residential mortgage-backed securities backed by loans insured by the Federal Housing Administration and the Veterans Administration.
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A sudden flood of asset-backed securities on Europe’s secondary market could place further widening pressure on spread levels in the region, analysts at Henderson Global Investors have warned.
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Structured finance lawyers are working to bring covered bonds to emerging markets in Eastern Europe, borrowing securitization technology in the absence of local legislation to facilitate the new sector.
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The Basel Committee on Banking Supervision denies media reports that it is considering relaxing tough new liquidity standards it has imposed on global banks, according to Stephen Walter, Basel’s secretary general.
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Financial reform will significantly boost the capital needs of global banks that ultimately will lead to the creation of 7.5 million fewer jobs, according to a study by the Institute of International Finance.
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Fitch Ratings has the most conservative expectations for the peripheral European countries—Portugal, Greece and Ireland—when it comes to assumptions regarding foreclosure frequency and recovery rate in analyzing residential mortgage-backed securities in the region.
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The U.S. Securities and Exchange Commission is considering getting rid of real estate investment trusts’ tax-free status and their ability to lever, something Janaki Rao, agency mortgage strategist at Morgan Stanley, said would be a major problem for the residential mortgage-backed securities market.
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Kensington Mortgages, the London-based home lending subsidiary of Investec, is being tipped for a return to the U.K. residential mortgage securitization arena.