Latest news
Latest news
Domivest also priced its Dutch BTL RMBS
The £500m trade is the joint largest non-bank credit card ABS, matched by CoT’s previous deal
Lendco also added a UK BTL RMBS to the pipeline
More articles
More articles
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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.
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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.