Latest news
Latest news
Rating cut as note pays more interest than planned
Inflation caused by war threatens budding recovery in commercial real estate
The rise of the European master trust and the CLO market nears shut down
More articles
-
Spreads in new issue U.K. prime residential mortgage-backed securities are set to tighten further as initial guidance on Virgin Money’s Gosforth 2012-2 deal emerged at three-month LIBOR plus 50 bps, +/- three basis points on Thursday, ahead of expected pricing on Friday.
-
Donald Belanger, a managing director in Deutsche Bank’s European commercial real estate finance team in London, has left the firm.
-
Investment bank Gleacher & Co. Securities has hired former UBS managing director Ted Kelleher to head its middle market fixed-income group.
-
Virgin Money’s Gosforth 2012-2, which is being marketed to investors this week, is expected to be well-bid following the recent dearth of new issue securitization paper—but a sharp tightening may see some investors turn their back on the deal.
-
Friesland Bank is tendering for bonds in several of its Stichting Eleven Cities Dutch residential mortgage securitizations at or above par, which could see the Netherlands-based mortgage lender take control of the majority of the outstanding bonds.
-
Moody’s Investors Service said Monday the U.K. Financial Services Authority’s new rules on mortgage affordability, which take effect April 2014, will boost U.K. prime residential mortgage-backed securities among investors in the long-term.
-
European CMBS could make a comeback next year, after a recent rally brought senior spreads well inside the average lending margin on UK office property, according to research from Citi.
-
Hurricane Sandy set back the strong pace of issuance in the structured finance markets that has characterized recent months.
-
Virgin Money is set to return to the U.K. residential mortgage-backed market later this month with Gosforth 2012-2, its second RMBS deal this year.