Latest news
Latest news
Santander adds to euro pipeline with German consumer ABS
◆ 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
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Northern Rock’s U.K. residential mortgage-backed master trust Granite, the market bellwether for European securitization, saw BBB prices drop Tuesday, as secondary markets continue to be light on liquidity.
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The $4.5 trillion agency residential mortgage-backed securities market has remained unfazed so far by Standard & Poor’s move to downgrade the government-sponsored enterprises one notch this morning.
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Senior tranches of European residential mortgage-backed securities and consumer- loan asset-backed securities in Europe are being viewed as a “safe haven” from the fallout of the historic downgrade of the U.S. sovereign by Standard & Poor’s, according to London-based market participants. -
The European asset-backed securities market is seeing a spike in retained deals, with investors expecting more to tap the European Central Bank’s liquidity program in the coming weeks as market uncertainty persists.
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Agency residential mortgage-backed securities yields ticked up 15 basis points Friday morning, amid ultra-low Treasury yields and a historic crash in equities Thursday.
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Friary No. 1, the debut RMBS from Welsh building society Principality Finance, proves that primary supply can still come out in ABS when wider credit markets are collapsing.
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BlackRock Advisors should seek out a single, top-tier buyer to take on the residual $20 billion in legacy American International Group collateral held by the Federal Reserve Bank of New York’s Maiden Lane II portfolio, according to two portfolio managers.
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U.K. lender Principality Building Society has priced its first residential mortgage-backed securitization, Friar No. 1, a £686 million ($1.12 billion) transaction.
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Losses in legacy European commercial mortgage-backed bonds are expected to reach EUR8.6 billion ($12.2 billion) over the next five years, but the impact on residential mortgage-backed securities and consumer loan asset-backed securities should remain low, Fitch Ratings analysts told SI.
