Latest RMBS news

  • New UK RMBS issuance to be sold to US clients

    A handful of prime UK RMBS deals are rumoured to be in the pipeline, along with several prime euro transactions, with issuers said to be targeting US investors while they wait for the fog to clear around new ‘simple, transparent, standardised’ (STS) rules.

    • 14 Jan 2019
  • Goldman slashes rates forecast as US slowdown looms

    Researchers from Goldman Sachs said on Wednesday that the bank was scaling back its projected targets for year end mortgage and 10 year Treasury rates as indications of a slowing US economy and Federal Reserve dovishness suggest a gentler path upwards for interest rates.

    • 10 Jan 2019
  • Q&A with Ginne Mae chief Michael Bright

    Ginnie Mae, which oversees more than $2tr of US residential mortgages, has grappled with a prolonged cycle of ‘loan churning’ of Veterans Affairs loans, the steady unwind of the Federal Reserve’s balance sheet and a challenging mortgage finance market in the past year. GlobalCapital’s Alexander Saeedy connected with Ginnie Mae COO Michael Bright to discuss what lies ahead for the agency in 2019.

    • 08 Jan 2019
  • Shawbrook contemplates RMBS debut

    Shawbrook, a UK challenger bank advised by Bank of America Merrill Lynch and Goldman Sachs during its 2017 takeover by private equity, is waiting in the wings with a debut RMBS offering.

    • 08 Jan 2019
  • Declining mortgage rates spell prepayment risk for recent RMBS

    Since early November, US interest rates have slipped from multi-year highs as the benchmark 10-year Treasury fell to around 2.6%. The flattening has upended most investors’ views on fixed income performance into 2019, and in particular is drawing out concerns about a reopening of the refinancing window for mortgages originated last year.

    • 07 Jan 2019
  • Reprieve for conduit banks avoids large-scale liquidity draw

    A last-ditch reprieve for the asset-backed commercial paper market late last year saved European banks running securitization conduits from a huge drawing on their liquidity reserves — but details of the fix are still being hashed out.

    • 07 Jan 2019
  • Redwood to open 2019 RMBS market

    Redwood Trust is preparing to issue the first private label RMBS deal of the new year.

    • 03 Jan 2019
  • Italian NPL servicer doBank expands European reach with Altamira acquisition

    Italian NPL servicing specialist doBank on Wednesday announced a deal to buy 85% of Altamira Asset Management to push into other potentially lucrative southern European markets, adding €55bn in assets under management to its existing €140bn.

    • 02 Jan 2019
  • Fed unwind to pressure spreads in 2019, warns Amherst

    Analysts at Amherst Capital Management are predicting that the continued unwind of the Federal Reserve's holdings of Treasuries and MBS and increased deficit spending from the US government could lead to even wider spreads in credit markets throughout 2019.

    • 18 Dec 2018
  • GSEs finally face up to change, 10 years on from crisis

    It has been more than a decade since the US government nationalized Fannie Mae and Freddie Mac, the government-sponsored enterprises at the heart of US housing finance. Private sector advocates have hotly contested their conservatorship — without results — but 2019 be the year that that changes.

    • 18 Dec 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 15,256 32 16.83
2 Bank of America Merrill Lynch (BAML) 10,179 30 11.23
3 Citi 9,751 23 10.76
4 Lloyds Bank 7,329 24 8.09
5 JP Morgan 6,580 10 7.26

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 RBC Capital Markets 251.51 1 25.00%
1 MUFG 251.51 1 25.00%
1 Credit Agricole CIB 251.51 1 25.00%
1 Bank of America Merrill Lynch 251.51 1 25.00%
Subtotal 1,006.02 1 100.00%