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RMBS

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  • Clydesdale Bank is returning to the U.K. residential mortgage securitization market with a new issue from its Lanark Master Issuer program, which will offer investors notes in sterling and dollars.
  • The UK RMBS market came out of hibernation this week with two publicly sold transactions, Santander UK’s Holmes 2013-1 and West Bromwich Building Society’s Kenrick No 2. The return of UK issuers is set to continue for the next couple of months, ABS bankers said, with at least three other UK borrowers eyeing up deals.
  • Rabobank’s home loan subsidiary Obvion preplaced its third residential mortgage securitisation of 2013, Storm 2013-III BV, on Tuesday afternoon.
  • Clydesdale Bank is returning to the UK residential mortgage securitisation market with a new issue from its Lanark Master Issuer programme, which will offer investors notes in sterling and dollars.
  • Santander U.K. priced Holmes 2013-1, the first U.K. master trust residential mortgage securitization deal of the year, on Thursday.
  • Santander UK priced Holmes 2013-1, the first UK master trust RMBS deal of the year, on Thursday. After months without new supply, bankers said the deal fed the market some much sought after paper and provided a useful pricing benchmark.
  • A unit of Lloyds TSB is selling $8.74 billion of residential mortgage-backed securities next week, seemingly part of its move to shore up capital in order to meet regulatory requirements.
  • Leads on Santander U.K.’s Holmes 2013-1 residential mortgage securitization kept books open for the sterling tranche through Wednesday afternoon as a handful of major accounts wait to finalize orders.
  • Real estate investment company Kennedy Wilson Europe is set to buy the portfolio of Irish properties backing the Opera Finance (CMH) commercial mortgage securitization, the underlying loan for which defaulted in January.