Latest news
Latest news
Agency gives market a month to respond to its first proposed changes since 2008 crisis
Lender will consider a bridging RMBS once it reaches a suitable scale
Issuer seeks to print inside two recent non-QM trades with guidance slightly inside IPTs
More articles
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After one of the busiest quarters for ABS since the financial crisis, many market participants are eyeing a short break in August in anticipation of a slower market. The combination of working-from-home culture, lack of travel opportunities and physical meetings has prevented many in the market from taking a break. -
Following release after his imprisonment for contempt of court, Rizwan Hussain has launched a new attack on legacy RMBS transactions managed by Bluestone Mortgages, purporting to have taken over as a director of the SPV and attempting to replace crucial transaction parties with his own entities. Whether he has authority to do so is not yet clear.
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Belmont Green has mandated Santander and NatWest for its second UK RMBS of the year, Tower Bridge Funding 2021-2, bringing a predominantly buy-to-let transaction with four offered tranches.
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ABS lawyers are asking issuers to resist taking advantage of a legal loophole left via a regulatory quirk, where a number of CLO and CMBS deals are technically exempt from switching data over to the securitization repositories approved by the European Securities and Markets Authority (ESMA) on Friday.
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Barclays has won a mandate on an Irish RMBS deal fully pre-placed by equity-holder Pimco on Tuesday. The deal was announced as it emerged that Rob Scott, head of asset finance securitisation and asset finance solutions at Barclays, is leaving the bank to join the asset manager.
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Real estate investment firm Toorak Capital closed a $340m securitization of residential bridge loans last Friday, its fifth deal to date. Toorak’s latest transaction drew huge investor interest, with its A-1 and A-2 notes being oversubscribed several times.
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Citi bank has released initial price thoughts (IPTs) for its upcoming Canada Square Funding 2021-2 UK BTL RMBS deal, guiding the senior tranche at around 80bp, cutting around 15bp from its last deal.
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Matt Blake, director of treasury at Together Money, has left the specialist mortgage lender for a position as treasurer at Pepper Money.
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Banks have released initial price thoughts for Finance Ireland RMBS No. 3 a new RMBS deal made up of prime mortgage collateral in Ireland. The transaction is a rare outing for prime Irish RMBS, and it means banks are likely to have to work carefully to find the right price level for a deal with few benchmarks.
