Latest news
Latest news
Funding Circle also placed the mezz notes for its SME loan transaction
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
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About €2.37 billion ($3.38 billion) is new European securitization are out in the market this week. Two residential mortgage-backed trades are being offered along with a rare, French auto asset-backed deal.
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Northern Rock has placed £546.1 million ($872.5 million) of A2 notes from its Gosforth Funding 2011-1 residential mortgage-backed deal.
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Northern Rock has sold the ‘A2’ notes of its debut RMBS, Gosforth Funding, in a semi-private deal with a margin of 160bp.
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BNP Paribas’s Phedina 2011 RMBS came at levels close to the top programmes in the Dutch market, driven by a large lead order that bought both tranches at the tight end of guidance.
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Real estate investment trust American Capital Agency (NASDAQ, AGNC) today sold $1 billion in equity, the latest in a string of secondary capital raises among mortgage REITs in the last month.
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Lower-coupon agency bonds are trading at some of the lowest levels since their inception, Scott Simon, agency mortgage trader at Pacific Investment Management Company, told TS.
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A severe lack of collateral in the prime residential mortgage market is holding up issuance of new residential mortgage-backed securities, according to William Moliski, managing director at Redwood Trust.
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Scott Eichel, former co-head of asset- and mortgage-backed securities trading at Bear Stearns, hasn’t looked back since the 85-year-old institution was absorbed by JPMorgan at the height of the subprime mortgage meltdown for just $10 a share. -
Secondary bids in European asset-backed securities have seen “significant” softening in the past couple of weeks as market professionals flee riskier assets, according to a London-based ABS trader at a U.K. investment bank.
