Latest news
Latest news
Invictus, Annaly, JP Morgan to print a billion dollars each next week
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
More articles
More articles
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The Federal Housing Finance Agency announced Tuesday it would maintain the maximum conforming loan limit at $417,000 for one-unit properties and $625,000 in higher-cost markets.
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Colony Capital is preparing a rental income securitization for early 2014 through its subsidiary Colony American Homes and has expanded its credit facility from JPMorgan and Credit Suisse to $1.2 billion.
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Australian mortgage provider Bluestone Group is looking to place nine tranches of bonds with investors this week, after announcing a securitization of non-conforming residential mortgages.
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Kroll Bond Ratings Agency is set to release a methodology explaining how it would rate residential mortgage-backed securities collateralized by loans that fall outside the Qualified Mortgage rule. A pool of high quality non-QM loans could obtain a AAA rating from the firm, senior director Michelle Patterson told SI. The agency may release the methodology as soon as this week or next.
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Shocked mortgage investors scrambled to take in news Thursday that a tactical change in voting thresholds would “virtually guarantee” Rep. Mel Watt (D-N.C.) the votes he needs to replace acting director Ed DeMarco and take over as head of the Federal Housing Finance Agency.
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Talk of non-prime residential mortgage-backed securities is rekindling around reports that a handful of firms are testing the waters with investors and ratings agencies, but market players say major hurdles remain for the asset class.
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Charter Court Financial Services’ first securitization of non-prime UK mortgages, Precise Mortgage Funding No1, attracted strong demand from investors. The borrower plans to use the RMBS market regularly.
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Three month mortgage arrears in Dutch RMBS transactions crept upwards again to the end of the third quarter, according to Fitch Ratings. But further rises could be mitigated by new servicing measures being introduced in the Netherlands that are akin to the UK's more interventionist ones.
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A heavily oversubscribed first mortgage securitization since 2007 has further accelerated the pace of Ireland’s capital markets rehabilitation. Even with the eurozone country’s housing market still in tatters, Permanent TSB’s €500m Fastnet 9 RMBS attracted over €1.5bn of orders this week.