Latest news
Latest news
Issuer seeks to print inside two recent non-QM trades with guidance slightly inside IPTs
Demand slackens after this year's heavy issuance
Partnership allows Rithm to fund up to $1.5bn of RTL origination
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Tightest spread of Dutch Property Finance series -
Spreads cannot tighten much further, according to source
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Deal is UK buy-to-let sector’s first STS RMBS
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Deal is UK lender’s fifth public RMBS and first to feature first lien assets
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Starling Bank, a UK online bank, has acquired regular securitization issuer Fleet Mortgages in a move which will see all of Fleet’s funding moved on to Starling’s balance sheet.
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Barclays has won its second consecutive mandate in two months with the Pacific Investment Management Company (Pimco), pre-placing a reperforming Irish RMBS backed by a legacy portfolio. The deal is a refinancing of notes from Jepson Residential 2019-1, a deal which Pimco decided not to call at the height of the Covid-19 pandemic in April 2020.
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ABS market professionals welcomed the elimination of the Federal Housing Finance Agency's adverse market refinancing fee, which will enable borrowers to refinance mortgages more cheaply. The elimination is expected to provide a boost to the housing market and, by extension, RMBS supply, sources said.
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Cerberus Capital Management has mandated Citibank for the first public securitization of equity release mortgages since before the global financial crisis. The deal, which priced on Thursday, was made of a portfolio of loans acquired from the defaulted Northern Rock and the Legal & General Group. The majority of interest paid in the coupon will come from underlying mortgage borrowers dying or entering care homes.
