Latest news
Latest news
UK lender has placed €1.5bn of Dutch prime RMBS paper this year, doubling its annual issuance
Dutch mortgage provider launches its second public RMBS of the year
Newcastle is marketing a prime RMBS, while Enra offers a first charge non-conforming RMBS
More articles
More articles
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The chief housing regulator that oversees Fannie Mae and Freddie Mac is not yet convinced it has nailed down the appropriate model to transfer risk to private investors, and it may further test the market with new types of deals to ensure the GSEs are charging enough to guarantee the bonds they are selling. -
Initial price thoughts on Crédit Foncier de France’s RMBS have around 10bp back of UK names in the three year maturity, in line with ABS bankers’ expectations. Fellow French lenders will be eyeing the final pricing on the deal with interest as they weigh the potential of the asset class to provide capital relief.
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A new flow ABS trade from an established issuer is set to be announced this week, joining some more unique transactions in the pipeline as bankers predict the good primary market conditions will tempt more borrowers.
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Blackstone is set to follow up its market-opening rental property securitization with a new deal that will be twice the size and could begin marketing within a month through lead manager Deutsche Bank. The news comes just after Deutsche warned that property investors could be in store for a flood of lawsuits from evicted tenants — but a Moody’s analyst said there was little risk of such litigation hurting the home rental securitization market
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Swiss private banking group EFG International is set to issue a guaranteed UK RMBS deal backed by high value mortgages on properties in and around London, looking to gain capital relief and funding for its UK business.
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UniCredit pre-placed a £208.5m four year securitization of non-conforming UK mortgages inside 100bp this week, following on from a more broadly syndicated trade from Bank of America Merrill Lynch as strong demand for paper helps issuers repackage long-held assets.
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The Bank of England sprung no surprises on Thursday and held interest rates at 0.5%, but new figures showing arrears continuing to fall are the latest in a run of strong data that has some BoE policymakers agitating for action to cool the housing market.
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The Bank of England sprung no surprises on Thursday and held interest rates at 0.5%, but new figures showing arrears continuing to fall are the latest in a run of strong data that has some BoE policymakers agitating for action to cool the housing market.
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US Congressman Mark Takano is urging regulators to intensely scrutinise securitizations of single-family rental properties, such as the deal American Homes 4 Rent is marketing this week. He fears that institutional investors are pushing out first-time homebuyers and that these dynamics could introduce new risks into the public markets, just as housing begins to recover. He spoke with GlobalCapital’s Matt Scully about his concerns.
