Morgan Stanley announces Irish RPL deal for Ellington as Lone Star book as Pepper euro tranche prices

Tom Brown

February 22, 2019 03:45 PM

ireland Adobe 230x — Ireland Flag with Shamrock on Grunge Texture Background Illustration | Jit Lim/jpldesigns - stock.adobe.com

Morgan Stanley is marketing an Irish reperforming RMBS called Jepson Residential 2019-1 for Ellington, backed by the portfolio securitized in European Residential Loan Securitization 2017-PL1, sponsored by Lone Star. The Texan PE firm said two weeks ago that it was “evaluating potential strategic alternatives” for the portfolio, but the announcement of the Ellington deal suggests a call is imminent.

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Tom Brown