Latest RMBS news
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.
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.
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.
Lloyds has structured a synthetic risk transfer (SRT) securitization of owner-occupied mortgage loans, an asset class which rarely sees action.
Ilfryn Carstairs, global chief investment officer at alternative investor Värde Partners, will become co-CEO from next year, while keeping his co-CIO title.
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.
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.
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.
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.
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.
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
- Early GACS deal downgraded as servicers struggle to collect cash from Italian NPLs
- Santander hires senior securitization banker from StormHarbour
- Man GLG hires two in HY credit
- People moves in brief
- Värde’s Carstairs goes upstairs as CEO
Want full access to GlobalCapital?
If you are new to GlobalCapital or you already subscribe to some of our channels you can still easily extend your access.
Take a trial to the entire site or subscribe online to see all our capital markets news, opinion and data sets.
Don't miss out!Free trial
Read the magazine on your mobile device
Most Viewed: Securitization
Latest news by market and league table performance
|Rank||Lead Manager/Arranger||Total Volume $m||No. of Deals||Share % by Volume|
|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 %|
|3||Wells Fargo Securities||42,153.78||123||7.50%|
|4||Bank of America Merrill Lynch||41,657.82||137||7.41%|