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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Issuers of U.K. master trust residential mortgage-backed securities may find it tougher to place paper with U.S. investors—which have become an important part of the investor base recently—as result of the recent market volatility
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Initial price talk on Springleaf Financial’s $432 million residential mortgage-backed securitization is 200 basis points over three-year swaps for the $292 million AAA tranche, according to three investors looking at the offering.
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The issuers of the Stichting Holland Homes Oranje I and II Dutch 2006-vintage residential mortgage securitizations have pitched a restructuring of both deals’ class A notes after the seniors were earmarked for downgrade.
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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.
