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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The Department of Justice’s civil lawsuit against Deutsche Bank and its MortgageIT subsidiary is expected to be the first of a wave of litigation as U.S. authorities step up efforts to reclaim losses from questionable collateral and the toxic securitizations, according to market participants.
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Morgan Stanley has won its first post-crisis European ABS mandate, the new Fosse 2011-1 RMBS from Santander UK. Barclays Capital, JP Morgan and Santander GBM are also joint leads.
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The amount of asset-backed securities eligible to be used in the European Central Bank’s liquidity facility dropped slightly in 2010, accounting for €1.5 trillion ($2.18 trillion), or about 9%, of the eligible €14 trillion (U.S. 20.4 trillion), according to the bank’s newly released annual report.
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Santander U.K. could issue two more public residential mortgage securitizations this year following the release of its next deal mid-May, Fosse 2011-1, according to a senior London-based official at the bank.
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The U.S. Department of Justice’s recent lawsuit against Deutsche Bank has had no effect on trading of secondary Ginnie Mae residential mortgage securitization bonds, according to an agency bond trader.
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Barclays Capital, JPMorgan, Morgan Stanley and Santander GBM will lead manage Santander’s new Fosse RMBS, which will be launched and priced in mid-May, following a roadshow starting on May 9.
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Investors looking to short mortgages could be hit the hardest by a new fail penalty proposed for the agency mortgage-backed securities market, according to strategists.
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Pioneer Investments has launched the Multi-Asset Floating Rate Fund, which will mainly focus on US. dollar-denominated securities including mortgage-backed, securities, asset-backed securities and U.S. government securities.
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The trustee handling the liquidation of Thornburg Mortgage has filed suit against top Wall Street banks for $2.2 billion charging they engaged in collusive and predatory schemes that forced the mortgage company into bankruptcy.