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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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.
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Positive market news is expected to tighten spreads in commercial mortgage-backed securities, according to Barclays Capital.
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Only about one-third of the 387 sets of rules required by the Dodd-Frank Act have not yet been proposed, as the first deadlines for the regulations in July draw near, according to the law firm Davis Polk & Wardwell.
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The agency mortgage-backed securities market may lose investors to other top-rated assets, including U.S. Treasury bonds and AAA-rated sovereigns as Congress moves to shake up the $5.5 trillion agency MBS sector, according to officials. -
Legacy monolined-wrapped residential mortgage-backed securities in the secondary market are benefiting from the recent settlement between Assured Guaranty and Bank of America-Merrill Lynch, according to traders and an analyst.
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Leverage is returning to the secondary private label residential mortgage-backed securities market as investment banks get comfortable dishing out risk to investors hungry for yield, according to a New York-based chief RMBS trader.
