Latest RMBS news
European Commission vice president, Valdis Dombrovskis, has signalled that capital charges on green mortgages and auto loans could be lowered, a move that would boost the investment appeal of green covered bonds and ABS deals secured on such collateral.
Spain’s government resolution fund, FROB, sold a 7% stake in Bankia in an accelerated bookbuild on Monday night, run by Deutsche Bank, Morgan Stanley and UBS.
VTB Capital has completed a Rb48.2bn (€688.3m) residential mortgage backed securitization, guaranteed by the state Agency for Housing and Mortgage Lending guarantee programme.
Banca Carige, the Genoese bank going through a lengthy restructuring process, moved a step further towards its de-risking target this week by selling a €1.2bn portfolio of non-performing loans.
US private equity firm Blackstone is returning to the Spanish RMBS market to fund a portion of a portfolio acquired from CatalunyaCaixa in 2015, as other large Spanish property portfolio sales stir hopes of greater supply from the sector.
The outlook for securitizations of non-performing loans (NPLs), particularly from Greece, is set to improve in 2018 amid a more widespread pick-up in securitization volumes.
Hurricanes Harvey, Irma and Maria have caused US mortgage delinquencies to rise to the highest level in four years, but policies put in place by government sponsored agencies have largely insulated mortgage credit risk transfer investors from any fallout.
The number of Dutch borrowers with mortgage loans exceeding the value of their home fell in the third quarter as home price appreciation accelerated, according to Calcasa.
UniCredit is seeking an Italian government guarantee for the senior tranche of a portfolio of securitized non-performing loans after gaining an important rating from Moody’s and DBRS on the notes, allowing it to go forward with its “failure is not an option” (FINO) asset disposal plan.
Mars Capital managed to price Grand Canal Securities 2, a securitization of Irish NPLs, at relatively tight levels even though the subscription ratio was relatively thin on mezzanine notes.
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.
Latest securitization people & markets news
- Cleveland Fed responds to P2P research criticism
- OnDeck grows finance team with balance sheet experts
- Green ABS ripens with PACE secondary growth
- No recession ahead, but expect rate hikes, says BAML
- CFPB turmoil could unravel Cordray-era protections
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Most Viewed: Securitization
|Rank||Lead Manager/Arranger||Total Volume $m||No. of Deals||Share % by Volume|
|1||Bank of America Merrill Lynch (BAML)||7,026||25||11.95|
Bookrunners of Global Structured Finance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|2||Bank of America Merrill Lynch||99,935.46||287||10.78%|
|3||Wells Fargo Securities||88,155.55||263||9.51%|