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
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Bank of America Merrill Lynch this week announced a surprising securitisation of UK non-conforming mortgages, the first such deal to be publicly offered since the credit crisis, using a large amount of credit enhancement to offset the poor quality collateral. -
Bank of America Merrill Lynch has announced a surprising securitisation of UK non-conforming mortgages, the first such deal to be publicly offered since the credit crisis, using a large amount of credit enhancement to offset the poor quality collateral.
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Paragon Group, the UK lender specialising in buy-to-let mortgages, has confirmed that it will resume new lending once it secures a warehouse facility.
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Renewed volatility in the ABS market has put Alliance & Leicester’s Fosse 2010-2 on hold.
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The Federal Deposit Insurance Corp is to push ahead with its controversial new rules for securitisations to qualify for its legal isolation safe harbour after a narrow vote on Tuesday.
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The board of the Federal Deposit Insurance Corp will vote on Tuesday on whether to adopt its controversial new safe harbour rules for securitisation, which include a 5% retention requirement and extensive collateral eligibility criteria for RMBS.
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Presales for Fosse 2010-2, the latest master trust RMBS from Santander’s UK subsidiary Alliance & Leicester, have given an indicative size of up to £1.5bn equivalent.
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A surge of demand from US investors helped Lloyds Banking Group overcome credit market volatility as it priced a £2.7bn equivalent RMBS from its Arkle master trust last Friday. Citi, Lloyds and Royal Bank of Scotland offered the deal in a range of currencies with no fixed amount on most tranches, but the overwhelming majority of demand came from dollar investors, particularly on the one and three year tranches. Some 61% of the total book was placed in the US.
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Santander’s Alliance & Leicester subsidiary is bringing its second RMBS of the year, just two months after its return to the securitisation market.
