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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Prices of Freddie Mac securities have improved relative to their Fannie Mae counterparts as the U.S. Department of Treasury today announced it had finished selling down its mortgage-backed securities portfolio with a $25 billion profit.
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Lloyds Banking Group is tendering for bonds in two legacy U.K. residential mortgage transactions.
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High demand for Nationwide Building Society’s recently priced U.K. residential mortgage-backed trade Silverstone 2012-1 has caused spreads on its bonds to tighten as much as 15 basis points on the secondary market, traders in London said Monday morning.
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Credit Suisse’s pricing this week of its Aggregator of Loans Backed by Assets (ALBA) 2012-1, a rare U.K. non-conforming residential mortgage securitization, may hint at an added depth to the investor base beyond the core prime securitized assets in the region, London-based officials say.
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Assured Guaranty has filed a lawsuit against the EMC Mortgage and Bear Stearns units of JPMorgan Chase for alleged misrepresentations in connection with the sale of mortgage-backed securities in 2005, three years before the investment bank acquired the two firms.
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Credit Suisse has closed the first UK non-conforming RMBS of the year, ALBA 2012-1, at a higher discount margin than last year’s ALBA issue. Meanwhile, a rare Dutch non-conforming RMBS was priced tighter than the new ALBA offering in a private placement.
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Recent increases in yields on mortgage-backed securities are fueling fears that banks will accelerate sales of the MBS, which they acquire as a hedge when interest rates drop and refinancing activity climbs.
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Nationwide Building Society priced its new issue of U.K. prime residential mortgage-backed securities, Silverstone Master Issuer 2012-1, on Thursday afternoon.
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Performance of loans in Irish residential mortgage-backed securities deteriorated rapidly in the three-month period ending Jan. 31, with 90-day-plus delinquencies rising sharply to 11.98% from 10.14% at the end of October, according to Moody’s Investors Service.