Latest RMBS news

  • Metro seeks to sell back CHL loans to Cerberus

    Metro Bank confirmed on Monday that it was planning to sell a portfolio of loans, following a report over the weekend from Sky News, with Cerberus in the frame to buy back the same Capital Home Loans mortgages it sold to Metro in 2017.

    • 22 Jul 2019
  • Triodos brings first RMBS with energy-dependent interest rates

    Triodos Bank, a renewable energy-focused Dutch bank which grants cheaper mortgages to borrowers willing to rely on green energy-powered homes, is bringing an €840.78m RMBS via Rabobank comprising a mix of green and non-green assets.

    • 22 Jul 2019
  • Early GACS deal downgraded as servicers struggle to collect cash from Italian NPLs

    Waterfall Asset Management’s 2017 NPL securitization of Creval loans, Elrond NPL, has been downgraded as collections fell short of expectations. Scope Ratings said that cumulative collections were only 75% of those in the original business plan, with cash still stuck in challenging court processes.

    • 22 Jul 2019
  • Lloyds brings mortgage SRT deal as sector heats up

    Lloyds has structured a synthetic risk transfer (SRT) securitization of owner-occupied mortgage loans, an asset class which rarely sees action.

    • 18 Jul 2019
  • Värde’s Carstairs goes upstairs as CEO

    Ilfryn Carstairs, global chief investment officer at alternative investor Värde Partners, will become co-CEO from next year, while keeping his co-CIO title.

    • 18 Jul 2019
  • Debt purchaser preps securitization to fight RWA hike

    Hoist Finance, a Sweden-based debt restructuring firm, has been marketing its debut securitization — an essential move in the firm’s attempt to recover from a regulatory broadside which landed last year.

    • 17 Jul 2019
  • European ABS pipeline heats up but Brexit window begins to close

    Sterling securitization supply issue is predicted to continue up until late August at least, spurred on by the Brexit deadline of October 31. According to a syndicate banker, there are relatively few continental European investors still willing to invest in sterling deals, with the exception of selected French investment firms.

    • 16 Jul 2019
  • Morgan Stanley restructures Irish NPL deal after roadshow

    Morgan Stanley revised tranche sizes and coupons on an Irish non-performing loan RMBS deal for Lone Star, following investor feedback in last week's roadshow.

    • 15 Jul 2019
  • KKR ushers in first public Spanish NPL transaction

    KKR is bringing the first public Spanish non-performing loan (NPL) securitization with JP Morgan as arranger. The deal marks a long awaited event in the sector, and will join at least two more public NPL deals from Spain that sources say are in the works, writes Tom Brown.

    • 11 Jul 2019
  • Credit Suisse announces refi of giant Hawksmoor RMBS

    Credit Suisse International has mandated itself as sole arranger, along with Bank of America as joint lead manager, for Hawksmoor Mortgage Funding 2019-1, the refinancing of one of the UK's largest non-conforming mortgage portfolios, originated by GE Capital. Leads announced a fully preplaced deal, but some bonds may eventually be offered to investors, according to one buyside source.

    • 11 Jul 2019

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Go to GlobalCapital's Securitization data pages for our dealflow database, plus details of priced European and US CLOs and structured finance bookrunner league tables.


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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 4,486 16 13.62
2 Citi 4,347 16 13.20
3 Lloyds Bank 3,158 6 9.59
4 Morgan Stanley 3,066 8 9.31
5 Bank of America Merrill Lynch (BAML) 2,771 10 8.42

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 59,774.40 197 10.64%
2 JPMorgan 52,017.12 155 9.26%
3 Wells Fargo Securities 42,153.78 123 7.50%
4 Bank of America Merrill Lynch 41,657.82 137 7.41%
5 Credit Suisse 38,415.30 121 6.84%