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
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Performance of automobile loan and lease asset-backed securities in Europe, the Middle East and Africa improved in April as 60-day-plus delinquencies fell to 0.83% from 1.06% a year earlier, according to Moody’s Investors Service.
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Portugal’s Caixa Económica Montepio Geral will buy back €185.3 of RMBS and senior unsecured paper through its cash tender offer, it said on Wednesday.
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Leads tightened guidance on the A1 tranche of Achmea Hypotheekbank’s DMPL X prime RMBS transaction on Wednesday, as demand for the paper reached more than double what is being publically offered.
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Default risk of loans in U.S. residential mortgage-backed securities continues to improve gradually in the second quarter, largely due to falling home prices, which are likely to hit bottom next year before recovering, according to Fitch Ratings. .
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Uncertainty related to aspects of the Dodd-Frank Act has caused many traditional issuers of residential mortgage-backed securities to delay their issuance plans, according to Fitch Ratings.
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Banks acting as counterparties in securitizations are set to begin work swiftly to address the effects of Moody’s Investors Service’s sweeping bank downgrades last week, which will have a far-reaching effect on securitization deal ratings.
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Housing finance provider Tamweel, owned by the Dubai Investment Corporation, has gone out with price guidance for its $235m Shariah compliant RMBS.
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Leads have started taking orders for DMPL X, a prime RMBS from Dutch lender Achmea Hypotheekbank, after launching price guidance that market participants said was tight.
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U.S. District Judge Lewis Kaplan of New York has a $40 million settlement in a class action against officers and directors formerly affiliated with Lehman Brothers Holdings who allegedly misled investors concerning the credit quality of billions of dollars of mortgage pass-through certificates.