Latest RMBS news

  • Annaly plans new RMBS from Onslow Bay shelf

    Real estate investment trust Annaly Capital Management has filed documents for a new residential mortgage securitization, as the firm's whole loan portfolio approaches $1bn.

    • 19 Mar 2018
  • NPL action package has teeth — but not yet

    The European Central Bank (ECB) and the European Commission (EC) delivered a double whammy of non-performing loan (NPL) action this week, laying out how to amend bank capital rules to better deal with the problem and explaining how supervisors would treat loans going bad in future. Passing a credible package to deal with NPLs is a crucial step in getting northern member states comfortable with a full Banking Union.

    • 15 Mar 2018
  • ECB addendum addresses new NPLs

    The ECB has published an addendum to serve as guidance for all future non-performing loans. The measure is non-binding and will serve as the basis for dialogue between the ECB and the banks it regulates directly.

    • 15 Mar 2018
  • EC regulates on minimum coverage level for NPLs

    The European Commission has proposed a package of measures to tackle the European conundrum of non-performing loans; it includes a mandatory level of how banks must provision against these loans and their new EC determined definition.

    • 14 Mar 2018
  • Paratus AMC heads straight to market with RMAC refi

    Paratus AMC has gone to market immediately with a refinancing of the pre-crisis UK non-conforming RMBS in the RMAC series, which were called on Monday following a fraught battle with Clifden IOM No. 1, the hedge fund which had tendered for the deal in hopes of pushing more cash out to note holders.

    • 14 Mar 2018
  • Clifden preps ground for legal fight

    After losing its battle to add provisions to some of the bonds in the RMAC series of RMBS, forcing the deals to pay out extra cash to noteholders when called, fund Clifden IOM No. 1 has prepared the ground for legal action on the controversial trade.

    • 13 Mar 2018
  • Clifden tries stalling tactics, but RMAC called regardless

    Clifden IOM No. 1, the fund which attempted an audacious raid on the reserve funds of several non-conforming UK RMBS bonds from the RMAC series, asked on Friday for the issuers and trustees to hold back a “reserve amount” from the redemption of the deals on Monday. But the bid failed, and the bonds will be redeemed as Paratus AMC wanted.

    • 12 Mar 2018
  • Brookings sounds alarm bell on US non-bank mortgage growth

    Soaring non-bank lending in the US mortgage market poses a systemic risk that is being underestimated in the housing reform debate, according to a report from the Brookings Institution on Thursday.

    • 08 Mar 2018
  • Vegas trip pays off for Santander’s Holmes

    Strong market conditions — and a successful marketing trip to US investors at SFIG Vegas 2018 — have dug up plentiful demand and tight pricing for Holmes 2018-1, which features two dollar tranches.

    • 08 Mar 2018
  • How to take big losses and still boost capital

    The EU’s lenient treatment of the IFRS 9 accounting rules has opened a loophole for Italian banks — allowing them to push through punishing provisions on their NPL portfolios, but wish away the impact on their regulatory capital — which could save the weakest banks from turning to shareholders for more cash, and speed up portfolio sales.

    • 08 Mar 2018

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Capital markets data from GlobalCapital

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 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 23,450.22 64 12.57%
2 Bank of America Merrill Lynch 21,899.30 57 11.74%
3 Wells Fargo Securities 16,244.58 49 8.71%
4 JPMorgan 13,192.69 44 7.07%
5 Credit Suisse 10,691.12 19 5.73%