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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
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Investment bank Gleacher & Co. Securities has hired former UBS managing director Ted Kelleher to head its middle market fixed-income group.
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Virgin Money’s Gosforth 2012-2, which is being marketed to investors this week, is expected to be well-bid following the recent dearth of new issue securitization paper—but a sharp tightening may see some investors turn their back on the deal.
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Friesland Bank is tendering for bonds in several of its Stichting Eleven Cities Dutch residential mortgage securitizations at or above par, which could see the Netherlands-based mortgage lender take control of the majority of the outstanding bonds.
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The Netherland’s Friesland Bank has offered to buy back five Stichting Eleven Cities RMBS at or above par, potentially enabling the lender to redeem the bonds early without the need for consent of other noteholders.
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Moody’s Investors Service said Monday the U.K. Financial Services Authority’s new rules on mortgage affordability, which take effect April 2014, will boost U.K. prime residential mortgage-backed securities among investors in the long-term.
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UK buy-to-let mortgage provider Paragon Group has renewed and expanded its mortgage warehouse facility with Macquarie Bank, allowing for larger issuance when it comes to market next year.
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Hurricane Sandy set back the strong pace of issuance in the structured finance markets that has characterized recent months.
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Virgin Money is set to return to the U.K. residential mortgage-backed market later this month with Gosforth 2012-2, its second RMBS deal this year.
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All the class ‘A’ noteholders in NIBC’s Sound 1 RMBS have opted to hold on to their bonds, the bank said on Tuesday, in announcing the results of its tender offer. Analysts praised the bank for the way it carried out the exercise.