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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
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A handful of U.K. residential mortgage-backed deals put on hold in 2011 are expected to be shipped back into market in the new year.
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Investors are pressing bond trustees for an investigation of loans in residential mortgage-backed securities sold by units of JPMorgan Chase, according to the law firm Gibbs & Bruns, which is representing the investors.
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Standard & Poor’s placed 764 tranches in 119 transactions of UK RMBS on CreditWatch Negative on Monday, providing what one ABS trader called "another Christmas present to the market".
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Dutch residential mortgage backed securities deals that have put options attached to them have come to light since the issuer does not have the funds to redeem the notes on the respective put dates.
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Senior tranches of core European securitization asset classes continue to show resolve despite sustained market turbulence in the region, with spreads in U.K. and Dutch RMBS tipped to remain inside of 200 basis points in the face of potential further deterioration in senior unsecured markets.
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Mortgage applications increased 4.1% for the week ending Dec. 9 over the previous week, on the heels of a surge in refinancing applications, data from the Mortgage Bankers Association shows.
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Life insurers, banks and government-sponsored enterprises—three of four leading investor groups--increased their holdings of commercial and multifamily mortgages in the third quarter, according to the Mortgage Bankers Association.
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DZ, the central for German cooperative banks, has filed suit against Ally Financial, Bank of America and others over nearly $290 million in residential mortgage-backed securities, charging them misrepresenting the underwriting standards used when issuing the loans.
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Fitch Ratings affirmed 473 classes and downgraded 129 classes on 81 U.S. scratch-and-dent residential mortgage-backed securities transactions.