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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
More articles
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Global securitization issuance jumped nearly 6% in the first quarter of 2012 to $167.93 billion across sectors, according to data from Dealogic.
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Springleaf Financial’s upcoming securitization of subprime residential mortgage loans from its legacy portfolio is likely to price strongly as investors reach for relative spread to comparable investments in a yield-hungry environment, according to market players.
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Rabobank’s subsidiary Obvion took the market by surprise on Tuesday when it privately placed its second Storm RMBS issue this year. The deal does not alleviate the Dutch publicly sold RMBS drought, but bankers expect this might change in the next quarter.
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Credit Suisse is said to have dropped the rating by Fitch Ratings from a residential mortgage backed security because of a dimmer view of the RMBS than that taken by rivals Standard & Poor’s and DBRS, according to Paul Taylor, Fitch’s new ceo.
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Eurohypo’s $740 million portfolio of performing loans has attracted more than 100 prospective buyers.
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Netherlands-based lender Obvion has privately placed a securitization of Dutch prime residential mortgages, STORM 2012-II.
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Non-agency mortgage real estate investment trusts, which invest in residential mortgage-backed securities, have so far in 2012 outperformed its agency counterparts, reversing their performance roles from the second half of last year.
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Bond insurer Ambac Financial Group has sued JPMorgan Chase over the more than $200 million in claims it had to pay on seven residential mortgage-backed securities.
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Brussels-based Dexia has filed suit against Bank of America’s Merrill Lynch unit for losses it claims it suffered on its investment of more than $900 million in mortgage-backed securities it bought from the bank.