Latest news
Latest news
ABS market not the cheapest cost of financing for issuer of first ever trade in the asset class
Revival of high LTV mortgage lending is creating an opportunity for more SRT and deconsolidation transactions
Trade follows the end of a joint venture to originate loans
More articles
More articles
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BNP Paribas’s Polish subsidiary, Bank BGŻ BNP Paribas, has closed a Z341m (€81m) securitization of loans to Polish small and medium sized enterprises, with the European Investment Bank buying the mezzanine tranche. -
Brian Ford, head of structured finance research at Kroll Bond Rating Agency, told GlobalCapital this week that the strong risk on investor sentiment seen this year will carry into 2018, but added that autos and non-agency MBS volumes could decline from 2017 levels.
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As GlobalCapital foreshadowed last week, HSBC has made changes to its EMEA debt capital markets syndicate desk, run by Adam Bothamley.
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Interest in marketplace loan ABS from investors picked up in 2017, but some are now saying they could sit things out in 2018 as credit concerns grow and a lack of data presents problems in the late stages of the credit cycle.
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A third of interest-only borrowers in non-conforming UK RMBS failed to pay down their principle at maturity, according to S&P Global Ratings.
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Joel Eckhause, the former head of direct and residential lending at Bank of the West in San Francisco, has joined residential and commercial Property Assessed Clean Energy (PACE) provider Renew Financial as its chief operating officer.
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The European Banking Authority (EBA) has published a template that banks can use to document non-performing loans as part of its action plan to tackle the problem in Europe. However, sources say that Southern European banks will need more than just a market standard.
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Fitch Ratings upgraded Portugal's long-term currency issuer default rating on Friday, giving the country and its debt issuers a boost heading into the New Year.
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Home appliance chain Conn’s Inc has slashed its cost of funding in the securitization market, with its latest deal achieving the company’s tightest pricing since it re-entered the market in 2015.
