Latest news
Latest news
Volkswagen also added a UK auto ABS to the primary
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
More articles
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JP Morgan has added a ¥20bn three year yen tranche to Santander UK’s Holmes 2012-1 RMBS – the first yen tranche in a UK RMBS since Lloyds Banking Group’s Arkle deal in October 2010.
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Banco BPI’s tender offer on a number of its residential mortgage-backed bonds has produced fewer buy-backs than expected, market officials in London said.
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Redwood Trust is preparing to tap the residential mortgage-backed securities market with the first U.S. private-label RMBS of the year: Sequoia Mortgage Trust 2012-1.
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Royal Bank of Scotland launched a credit card ABS on Wednesday to price Friday, hitting the market ahead of Santander UK’s hotly anticipated market opening RMBS, Holmes 2012-1. Dutch issuers are also close behind, with Rabobank subsidiary Obvion launching an extensive roadshow.
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The success rate of mortgage servicers to stem investor losses on seriously delinquent loans in residential mortgage-backed securities varies greatly from firm to firm, according to Standard & Poor’s.
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Santander UK is injecting another £4.5bn of collateral into the Holmes master trust to coincide with the new issue, Holmes 2012-1. The new collateral will give the trust the headroom to issue a vast deal, bigger even than Fosse 2011-1.
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Congress’s late-year move to levy a 10 basis point fee for 10 years on government agency mortgage borrowers to pay for an extension to the payroll tax cut through the end of February is likely to increase mortgage rates and lower refinancing demand on lower-coupon mortgages, according to analysts at JPMorgan.
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Countrywide Financial has filed a motion with a federal district court in Texas to put on hold a mortgage-backed securities lawsuit filed by the Federal Deposit Insurance Corp. as receiver for the defunct Houston-based Franklin Bank.
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Clydesdale Bank could relaunch its postponed U.K. residential mortgage-backed issue from its Lanark Master Trust in early February following several structural changes to the transaction.