Government help for UK house buyers may give RMBS a lift

The UK government’s two-pronged Help To Buy programme to increase home ownership — outlined in Chancellor of the Exchequer George Osborne’s annual budget on Wednesday — could have a positive knock-on effect for the residential mortgage-backed securities market in the country.

  • 22 Mar 2013

London-based securitisation officials said UK RMBS prepayment rates could increase, and the expected stabilisation in house prices would ease concerns over loss severities in transactions.

But at the same time, the Bank of England’s Funding for Lending Scheme, which is providing UK lenders with an alternative to securitisation ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 4,486 16 13.62
2 Citi 4,347 16 13.20
3 Lloyds Bank 3,158 6 9.59
4 Morgan Stanley 3,066 8 9.31
5 Bank of America Merrill Lynch (BAML) 2,771 10 8.42

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 59,774.40 197 10.64%
2 JPMorgan 52,017.12 155 9.26%
3 Wells Fargo Securities 42,153.78 123 7.51%
4 Bank of America Merrill Lynch 41,657.82 137 7.42%
5 Credit Suisse 38,415.30 121 6.84%