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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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American Home Mortgage Servicing’s $1.45 billion advanced trust residential mortgage-backed securitization, AHM SART 2011-1, closed Tuesday, according to two bankers with knowledge of the transaction. Deutsche Bank structured the private,144a transaction, which comprised a revolving pool of receivables on advances made on mostly subprime loans. The collateral will be culled from 157 RMBS trusts serviced by AHM.
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Sheila Bair has announced she will step down as chairman of the Federal Deposit Insurance Corp. July 8 after five years.
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Some of the largest investors of residential mortgage-backed securities originated by Option One Mortgage are pressing the firm to buy back loans they claim were improperly originated or documented and sold into securitization trusts.
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American International Group has purchased about 50% of the legacy bonds sold by the Federal Reserve Bank of New York from Maiden Lane II since February.
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Broker-dealer MF Global Holdings has added three new sales recruits to its securities team in the advent of a four-fold expansion as it builds up its mortgage- and asset-backed securities team.
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Redwood Trust expects to close two more private-label residential mortgage-backed securities this year in addition to the one completed in March.
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Moody’s Investors Service has downgraded more than $321 million of prime jumbo residential mortgage-backed securities issued by Credit Suisse.
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Primary market activity in European structured finance is whirring back to action, with a handful of deals expected to price in the next few weeks.
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The Italian securitization market is perking up, with mortgage-backed securities deals offered by Veneto Banca and Popolare Vicenza, two small unlisted banks.