GC Asia
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Sterling RMBS blowout as non-UK investors return to market
Issuers priced two sterling residential mortgage-backed securities (RMBS) deals this week, with Precise Mortgage Funding 2020–1B showing an unprecedented five times coverage on senior notes and up to 12 times on the mezzanine tranches, as overseas investors return to the sterling market.
16 Jan 2020 -
FHFA appoints new chair of common securitization platform
The Federal Housing Finance Agency on Wednesday announced the appointment of J. Christopher Giancarlo as chairman of Common Securitization Solutions, which runs the technology behind the agency’s Uniform Mortgage Backed Security (UMBS) program.
15 Jan 2020 -
Sinagpore’s ARA strikes deal to boost Venn Partners’ firepower
ARA Asset Management, a Singapore-based asset manager focused on Reits, has bought a majority stake in Venn Partners, a secured asset specialist investing in UK and Netherlands assets, in a deal which will boost the firm’s firepower in the mortgage and CRE debt markets.
15 Jan 2020 -
Clydesdale puts Citi back in arranger seat for new Lanark RMBS
Clydesdale Bank has mandated a consortium of banks led by Citi for its prime UK, owner-occupied RMBS Lanark 2020-1, putting Citi back in the role of arranger after two years of Bank of America leading the programme.
14 Jan 2020 -
Mortgage fintech LendInvest names new CEO
Online mortgage lender LendInvest has announced that co-founder and CEO Christian Faes is handing over management of the company to Rod Lockhart, who has been named as the new chief executive.
13 Jan 2020 -
Non-QM originator adds senior VP
Non-qualified mortgage lender Sprout Mortgage has hired a senior vice president of correspondent lending in its Southern California office.
08 Jan 2020 -
Charter Court taps BofA for first sterling RMBS of 2020
Bank of America is arranging the first sterling RMBS of the year, Precise Mortgage Funding 2020-1B, a £432m deal from Charter Court’s securitization platform.
08 Jan 2020 -
Rabo and JPM bring first STS securitization of 2020
Obvion has mandated JP Morgan and Rabobank for a Dutch prime RMBS from its Storm programme, the first securitization of the year to receive the ‘simple, transparent and standardised’ (STS) designation.
07 Jan 2020 -
Morgan Stanley brings Dutch RMBS with 99% IO loan exposure
Morgan Stanley is bringing the first European RMBS deal of the year, the Dutch Delft 2020, a €268.3m deal backed almost entirely by interest-only loans.
06 Jan 2020 -
Redwood to open 2020 RMBS pipeline
Redwood announced on Thursday that it is prepping the first RMBS transaction of the new year, a $459.3m deal backed by highly seasoned loans from its Sequoia shelf.
03 Jan 2020
