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 return of Skipton Building Society’s Darrowby prime RMBS programme to the primary market next week will be the latest sign that UK lenders are preparing for life after the government’s Funding for Lending Scheme — and there are more to come in the near future. -
New York regulator Ben Lawsky’s latest target, non-bank loan servicer Ocwen Loan Servicing, received a mark of good standing from Fannie Mae last week after three months of regulatory headwinds. The company’s rapid growth came under the spotlight in January when Lawsky’s office held up its acquisition of $2.7bn in mortgage servicing rights from Wells Fargo, a deal still being held in limbo.
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Morgan Stanley and Nomura have been mandated as co-lead managers for Freddie Mac’s fourth risk-transfer issuance, designed to reduce taxpayer credit risk, according to announcement documents.
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Veneto Banca is set to issue the first brand new RMBS bonds from Italy since the start of the eurozone debt crisis next week, as renewed investor appetite for the country’s risk spurs the market's hopes for more normalised supply this year.
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Home rental investors on Wednesday announced a new trade association to represent their interests with the US government, as policy experts begin to study how their role may impact housing and rental markets.
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The Federal Home Loan Mortgage Corporation (Freddie Mac) is preparing to announce a nearly $1bn risk sharing issuance with the private market, its fourth effort to shed taxpayer exposure to government guaranteed mortgage debt. News of the deal circulated around markets just as a new government sponsored enterprise (GSE) reform bill was announced in the US Congress.
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US-headquartered asset manager Dynamic Credit Partners has been inundated with commitments for its new mortgage origination platform in the Netherlands, demonstrating European investors’ willingness to bypass traditional routes for mortgage investments — such as RMBS — in order to boost returns.
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Aldermore Bank will offer supply-starved RMBS investors a glimpse of a brighter future when it prices its debut transaction next week, and the newcomer has plenty more capacity for securitizations.
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NordLB has placed a securitized tranche of an €11.4bn high quality loan portfolio with institutional investors, releasing between €350m and €400m of equity in the process.
