Latest RMBS news

  • Obama-era FHFA chief defends post-crisis GSE balance sheet expansion

    At a panel held at the American Enterprise Institute in Washington, DC on Thursday, the former director of the Federal Housing Finance Agency (FHFA) from 2009-2014 defended the duopoly of Fannie Mae and Freddie Mac, stating it was economically necessary for the agencies to buttress the mortgage market.

    • 13 Jul 2018
  • ECB to give weakest banks extra NPL time

    The European Central Bank said this week it wants banks to provision for legacy non-performing loans in the same way as for new NPL inflows. But, in a major boost for Europe's weakest banks, it is prepared to give heavily burdened banks more time to raise provisions.

    • 12 Jul 2018
  • Fannie Mae debuts controversial mortgage insurance platform

    Fannie Mae has announced a pilot programme that would see the government-sponsored enterprise wade deeper into the mortgage insurance business, a move that some critics warn could further distort American housing finance.

    • 11 Jul 2018
  • Iccrea Banca’s NPL offers Mutual benefits

    Iccrea Banca, the banking group owned by Italian mutual banks, announced the completion of a €1bn NPL securitization transaction on Tuesday, pooling loans from multiple originators, with an application now pending for a state guarantee (GACS) for the senior tranche rated Baa3/BBB- by Moody’s and Scope Ratings, respectively.

    • 11 Jul 2018
  • Finding the social good in NPLs

    As demand for investments with good environmental, social and governance credentials rises, are non-performing loans the ultimate social asset class — or toxic waste that ESG investors should disdain?

    • 10 Jul 2018
  • SFR investments grow, but securitization still lagging

    Wall Street is accelerating its expansion into the US rental housing market, taking advantage of the continuing trend away from homeownership, though securitization has yet to reap the full benefit.

    • 09 Jul 2018
  • Barclays provides financing for Värde Italian NPL buy

    Värde Partners, Barclays and Guber Banca announced last Friday the acquisition of a €1.4bn book of non-performing loans (NPL) originated by 53 cooperative banks, rural banks and popolari banks in Italy.

    • 09 Jul 2018
  • CMO issuance drops off a cliff in June as rising US rates bite

    According to Wells Fargo, monthly CMO issuance in June dropped to $8.9bn, representing roughly a $11bn decline versus May. The decline has been broad based, with fixed-rate pass through agency CMOs declining to $800m versus $3bn in May.

    • 06 Jul 2018
  • Starwood inks non-conforming RMBS partnership with Impac

    Real estate giant Starwood Property Trust, the largest commercial mortgage REIT in the US, is changing tack and pushing into a corner of residential mortgage space that has struggled to revive since the financial crisis.

    • 28 Jun 2018
  • UK prime RMBS draws healthy dollar tranche demand

    Clydesdale Bank priced its Lanark 2018–2 RMBS deal on Thursday in a busy spell for the European primary market, with the offering highlighting strong demand for short-dated dollar paper.

    • 28 Jun 2018

RMBS news archive

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 10,542 20 18.54
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.73
3 Citi 5,130 13 9.02
4 JP Morgan 4,681 6 8.23
5 Lloyds Bank 3,389 13 5.96

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 70,706.84 201 11.60%
2 Bank of America Merrill Lynch 60,472.76 166 9.92%
3 Wells Fargo Securities 48,082.68 138 7.89%
4 JPMorgan 48,046.47 137 7.88%
5 Credit Suisse 38,252.19 94 6.28%