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 bid for short-dated paper in the U.K. residential mortgage-backed securities sector is strengthening as investors head for safety, according to a London-based asset-backed securities trader.
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The ‘A2’ tranche on Banca Popolare Vicenza’s Italian RMBS Berica 9 was only 0.7 times covered on Thursday morning, in contrast to recent multiple oversubscriptions in deals from Northern Rock, Aegon and Obvion.
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Obvion’s Storm 2011-3 RMBS closed on Wednesday at a tighter level than any other RMBS this year, hitting a price of 90bp for the Eu150m two year ‘A1’ tranche and 125bp for the Eu550m five year ‘A2’ tranche.
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Strong demand from US investors helped the European ABS market take down £3.1bn equivalent of a new Permanent RMBS deal from Lloyds Banking Group on Thursday.
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The report by the Senate Permanent Committee on Investigations on the causes of financial crisis has singled out Deutsche Bank and Goldman Sachs for their subprime-related activities.
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The Senate Permanent Committee on Investigations has called on the Office of the Comptroller of the Currency to dismantle the Office of Thrift Supervision for its failure to act on lending and securitization risks before the onset of the financial crisis in 2008.
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The year-long investigation into the role of U.S. and European banks played in manipulating the borrowing costs used to calculate the London interbank offer rate has now turned its attention to whether the banks colluded in how to report borrowing costs between 2006 and the onset of the crisis in 2008.
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The Federal Reserve Bank of New York reports that it sold 37 of 42 of residential mortgage-backed securities issued by American International Group in the second auction of the bonds.
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The delinquency rate on loans in U.S. commercial mortgage-backed securities deals slipped 2 basis points last month to 9.16%, according to Moody’s Investors Service.