Latest news
Latest news
Newcastle is marketing a prime RMBS, while Enra offers a first charge non-conforming RMBS
BPCE also added a French prime RMBS to the pipeline
Acquisition will enhance origination and servicing platform capacity, says buyer
More articles
More articles
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Banks have disclosed that they originated more residential mortgages last quarter, but market participants say the loans will only be securitized in agency deals. -
In the four months since Paragon priced its last UK buy to let RMBS, the lender’s outstanding bonds — along with much of the rest of the market — have drifted lower in price as Greece cast the pall of uncertainty over global capital markets.
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The Auburn UK buy-to-let RMBS platform is making its return under a new owner, months after Lloyds TSB attempted to sell Auburn 8 but pulled the deal.
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Macquarie became the only issuer to hit the European ABS market last week when it priced a €186.54m German RMBS deal.
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UK Chancellor of the Exchequer George Osborne’s budget, announced on Wednesday, won’t impact the UK’s buy-to-let sector, despite a provision that will reduce mortgage interest relief for rental landlords.
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The first securitizations of mortgages that fall outside of post-crisis origination guidelines are taking longer than expected because of a lack of supply, say market participants.
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Macquarie has issued initial price thoughts on its much anticipated German RMBS deal.
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The housing market in the Netherlands is taking off, with a 16% rise in house sales in the first five months of the year, which has good implications for RMBS recovery rates, said Moody’s on Wednesday.
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Though Dutch RMBS issuance has fallen short of expectations, the UK securitization market has seen a surge in issuance this year — a 67% year on year increase — according to Rabobank.
