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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Senior bondholders will be pitted against junior noteholders in any vote to restructure existing asset-backed securities deals to comply with new counterparty criteria imposed by Standard & Poor’s.
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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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Citigroup is urging regulators to reconsider plans to force securitizers to keep a slice of risk in deals they structure, saying the plan lacks full analysis and is too broad and confusing.
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The industry is split over the effectiveness of the Securities and Exchange Commission's rule 17g-5 with bankers ratings agency officials taking different stances on the initiative at the American Securitization Forum's annual meeting in Washington.
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Investors in European asset-backed securities deals are facing a busy next few weeks as issuers press investors to vote on changes needed to bring existing transactions up to speed with revised Standard & Poor’s counterparty criteria.
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Leads on BNP Paribas’s Dutch RMBS, Phedina 2011, priced the deal at the tight end of guidance of both offered tranches, at 90bp for the two year ‘A1’ notes and 130bp for the five year ‘A2’ notes.
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Rising mortgage rates and increased fees to borrowers tapping the Federal Housing Administration for residential mortgage loans have dealt a significant blow to new loan applications—with the FHA seeing a 25.8% drop in May from the previous month.
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More European banks could follow Unicredit’s lead in offloading loan portfolios via the securitization market to boost capital ratios, according to London-based analysts.
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Achmea Hypotheekbank is planning to bring its second residential mortgage-backed securities issue in seven months.