Latest news
Latest news
This is the first UK BTL RMBS since the Renters’ Rights Act came into effect
Funding Circle also placed the mezz notes for its SME loan transaction
Santander adds to euro pipeline with German consumer ABS
More articles
More articles
-
The Dubai International Financial Center has begun the process of establishing a market for mortgage-backed securities in the United Arab Emirates to help kick-start the UAE real estate sector.
-
Moody’s Investors Service reports stable performance in January for Dutch residential mortgage backed securities and Spanish asset-backed securities backed by loans to small and medium-size enterprises.
-
The performance of Irish prime residential mortgage-backed securities continued to deteriorate in January, while that of U.K. buy-to-let RMBS showed signs of improvement, according to Moody’s Investors Service.
-
Lloyds Banking Group is aiming to tap a core of demand that will not buy master trusts with its new static pool UK RMBS, Headingley 2011-1. However it will continue to use its other funding avenues — the Permanent and Arkle master trusts.
-
Skipton Building Society’s Darrowby No1 RMBS is oversubscribed at a level of 125bp for the ‘A1’ notes and 150bps for the ‘A2s’, with books expected to go subject later on Wednesday.
-
Lloyds Banking Group has chosen to issue from a new UK RMBS programme, Headingley RMBS 2011-1, raising questions in the market about why the bank did not choose to use one of its existing master trust programmes.
-
Moody’s Investors Service has downgraded another $3.74 billion of subprime residential mortgage securities, bringing the total of lower rating actions to roughly $7 billion since Friday.
-
Fresh from the private placement of Storm 2011-1 and 2011-2 last week, Obvion is aiming to sell Strong 2011-I, a Eu1.2bn Dutch prime RMBS with a 100% NHG-guarantee. Rabobank and Société Générale are lead managers.
-
Lead managers JP Morgan and Natixis priced Veneto Banca’s Claris RMBS 2011 on Thursday but while the A1 tranche was sold at the initial guidance, the A2 tranche required a wider price to clear.