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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Bayview Financial will have four times more ‘skin in the game’ in its latest re-performing mortgage loan securitization than credit risk retention rules would require, holding a nearly 20% stake in the $215m deal. But some firms aren’t sure if the higher yield the deal offers is worth the call risk on the unusually long-dated notes, even as the US non-agency RMBS market suffers from low issuance volumes. -
ABS syndicates trying to speed up the revival of Italian RMBS issuance since Veneto Banca’s breakthrough transaction this month have received a boost after Moody’s said its main performance indicators for the sector showed signs of stabilising.
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Two big residential mortgage deals are piquing investors' attention this week, as the ABS pipeline continues to be subdued with only a handful of transactions scheduled to hit the market.
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Bayview Financial, which issued eight deals last year, is preparing to sell an unusually long-dated securitization of re-performing residential loans, the market's first issuance with that kind of collateral since July 2013. The deal comes as market participants anticipate a surge in RPL and non-performing loan securitizations later this year.
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Some ABS bankers are adamant that a new Spanish prime RMBS transaction would be received with as much enthusiasm as Italy’s recent comeback, despite an increase in mortgage loan defaults.
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RMBS continues to buck a sharp downward trend in Russian debt issuance this year, with Credit Bank of Moscow prepping its debut transaction.
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Barclays Bank agreed on Thursday to settle claims against the bank alleging violations involving private label mortgage-backed securities purchased by Fannie Mae and Freddie Mac leading up to the crisis.
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Former investment banker and Carrington Holdings vet Chris Whalen has landed another gig after joining Weiss Residential Research as an advisor last month. This time, he’s popped up at Kroll Bond Ratings Agency.
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Real estate investment trusts will soon be competing to buy non-performing residential loans, which are expected to fuel the growth of single family rental portfolios and subsequent securitizations.
