Latest news
Latest news
Triple-As were priced at 170bp over Sofr, close to guidance
US market remains the model as template issuance takes shape
Deal is backed by three data centers in Virginia, Illinois and Atlanta
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Hedge fund D.E. Shaw is launching the Alkali Fund in July, which will invest in residential mortgage-backed securities, consumer asset-backed debt, toxic loans, including European loans, among other instruments. .
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Prepayments of loans from Fannie Mae and Freddie Mac in mortgage-backed securities declined in April after two consecutive months of increases, according to Keefe, Bruyette & Woods.
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The Federal Reserve Bank of Boston had praise for mortgage-backed securities during the financial crisis, saying, compared with most investments, they were “highly transparent and their issuers willingly provided a great deal of information to potential purchasers.”
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David Stevens, president and ceo, of the Mortgage Bankers Association, has called on Fannie Mae and Freddie Mae to develop mortgage-backed securities common to both as a way of increasing liquidity.
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Industry trade groups and market players are said to be meeting with administration and regulatory officials to assure that the final version of the qualified-mortgage rule of the Dodd-Frank Act will help fuel competition.
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UBS has lost its bid to have dismissed a lawsuit filed against it by the U.S. Federal Housing Finance Agency, charging that the Swiss bank and 17 other financial institutions violated federal law in their selling of mortgage-backed securities to Fannie Mae and Freddie Mac, which the FHFA regulate.
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Clopton Capital, a Chicago-based secondary market commercial real estate lender, has expanded its non-recourse commercial mortgage-backed securities loan options to the hospitality sector.
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Broker-dealer firm The PrinceRidge Group has added five directors to sales and trading positions to its mortgage-backed securities division; part of a recent expansion of the group led by senior managing director and head of U.S. residential mortgage-backed securities Barry Berkeley, who joined the firm from Sterne Agee & Leach in January.
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Commodities trading company Trafigura used securitisation to raise funding by collateralising invoices for shipments of oil, metals and coal in a deal that could be copied as other firms in the industry seek new financing.