Latest news
Latest news
Blackstone is targeting a quicker than usual three day execution
Triple-As were priced at 170bp over Sofr, close to guidance
US market remains the model as template issuance takes shape
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Recent increases in yields on mortgage-backed securities are fueling fears that banks will accelerate sales of the MBS, which they acquire as a hedge when interest rates drop and refinancing activity climbs.
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Nationwide Building Society priced its new issue of U.K. prime residential mortgage-backed securities, Silverstone Master Issuer 2012-1, on Thursday afternoon.
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Bond prices in Northern Rock’s Granite U.K. residential mortgage securitization—considered the European market barometer—have risen slightly since late last month, but overall prices have remained largely flat as secondary activity has stayed muted.
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Credit Suisse has priced Aggregator of Loans Backed by Assets (ALBA) 2012-1, a rare U.K. non-conforming residential mortgage securitization, with market pros welcoming the result as an indicator of the depth of the market.
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Way back in July, SI reported that investors were still “sifting through” Bank of America’s $8.5 billion settlement with aggrieved bondholders, and that traders were touting multi-million Bids-Wanted-In-Competition s of senior tranche notes, saying cashflows on the legacy paper were set to increase 8-10% percent (SI, 7/1/11).
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Nationwide Building Society has returned to the market with a new issue of U.K. prime residential mortgage-backed securities from its Silverstone program.
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Wells Fargo and RBS Securities are looking to sell nearly $791 million in publicly offered commercial mortgage-backed securities as well as $78.63 million in low-rated private securities this week.
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The percentage of loans in commercial mortgage-backed securities paying off on their balloon date reached 61.6% in February, the second-highest reading since December 2008 and only the fourth time since then that it topped 50%, according to Trepp.
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Natixis has priced the senior bond from Principal Residential Investment Mortgages 1, a novel securitization of Dutch non-conforming residential mortgages.