Paratus to capitalise on tight UK RMBS spreads with new deal
Paratus AMC, the former GMAC-RFC entity that is now a subsidiary of Fortress Investment Group, has mandated leads for a new UK non-conforming RMBS deal backed by predominantly interest-only mortgages in an example of private equity backed non-bank lenders stepping up their securitization activity.
Paratus AMC has mandated Natixis and NatWest Markets as co-arrangers on the new £233m deal, Stanlington No 1, with both banks also acting as joint lead managers.According to a note from the leads, the collateral behind the new deal consists of mortgages with around 10 years' ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com