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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Securitization broker-dealer Braver Stern Securities is seeking to replace five employees that have defected to Sandler O’Neill from its Chicago-based fixed-income sales and strategy desks, but is also “looking at alternatives,” according to Joseph Valentine, managing director, fixed-income trading.
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Wells Fargo is rumoured to be planning an investment arm to buy European asset-backed securities, similar to JPMorgan’s chief investment office, which has emerged as a major anchor of the region’s post-crash new issue market. -
Nordea Bank today launched a tender offer to buy back a tranche of notes from its pan-Nordic commercial mortgage-backed deal Midgaard Finance, which securitizes a pool of office properties in Norway, Sweden and Finland.
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Thomas Hoenig, president of the Federal Reserve Bank of Kansas City, says the nation’s largest banks should be reclassified as government-sponsored enterprises as a result of the bailouts they received during the financial crisis.
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Sen. Orrin Hatch (R-Utah) has called on Treasury Secretary Timothy Geithner to put implementation of Dodd-Frank on hold until foreign countries pass similar measures.
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The International Monetary Fund says the U.S. federal government should continue securitizing mortgages to support the country’s weak housing market, though it said the guarantees “should be explicit and fully accounted for” on the federal balance sheet.
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The price tag for the proposed settlement with the country’s five major mortgage servicers over their foreclosure practices could cost the economy between $7 - $10 billion a year, according to a study by economists.
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Putnam Mortgage Opportunities is planning an initial public offering to raise up to $300 million to invest in residential mortgage-backed securities.
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Barclays Capital is nearing the finish line on a raft of resecuritizations of legacy asset-backed securities seized by the National Credit Union Administration, with only about $3 billion in bonds left to roll out from the program.
