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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David Stevens, president and ceo, of the Mortgage Bankers Association, has called on Fannie Mae and Freddie Mae to develop mortgage-backed securities common to both as a way of increasing liquidity.
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Broker-dealer firm The PrinceRidge Group has added five directors to sales and trading positions to its mortgage-backed securities division; part of a recent expansion of the group led by senior managing director and head of U.S. residential mortgage-backed securities Barry Berkeley, who joined the firm from Sterne Agee & Leach in January.
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Rising default rates on automobile loans are driving Brazilian banks to cut back on lending.
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Ginnie Mae has ordered issuers of its mortgage-backed securities to make four additional pieces of data available to investors beginning in September.
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A lack of confidence in the models credit ratings agencies use to assess residential mortgage-backed securities and in the agencies themselves is stifling the U.S. housing recovery, according to Reason Foundation.
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American International Group invested $7.4 billion in the first quarter, including a 15% allocation to non-agency residential mortgage-backed securities.
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The Federal Reserve of Bank of New York has launched another round of bidding for collateralized debt obligations in its Maiden Lane III portfolio.
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Two UK RMBS issuers announced new deals this week and another priced its offer at the tight end of guidance as the product continued in a rich vein of form. It is finally receiving recognition for its underlying performance and spread stability, though regulatory bias against the asset class still prevents more of a revival, according to market participants.
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Santander UK announced the first RMBS transaction of 2012 from its Fosse master trust. The deal will include an Australian dollar tranche and double-A rated notes, offering investors some rarity value.