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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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More articles
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Australian bank Suncorp returned to the residential mortgage-backed securities market at the end of last week, raising A$1.25bn ($1.214bn) from a deal that was increased heavily after big demand from investors.
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A steep drop in the Mortgage Bankers Association’s index tracking mortgage refinancing week over week has analysts at Morgan Stanley on alert for a trend.
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Santander U.K. has privately placed a $1.73 billion equivalent issue from its U.K. residential mortgage-backed securities program Fosse with a handful of investors, as the flow of new public deals in Europe slows ahead of year-end.
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ING and Santander UK have sold some €2.66bn equivalent of RMBS in private placements this week, squeaking home as the market prepares to close for the Christmas break.
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Trading in the residential mortgage-backed securities space was unaffected by the U.S. District Court rejection of a $285 million settlement between the U.S. Securities and Exchange Commission and Citigroup over charges the bank had committed fraud during the financial crisis.
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The traditional year-end slowdown in Europe’s securitization market is emerging two-three weeks early, according to some London-based asset-backed securities officials.
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U.S. District Judge Rakoff of Manhattan has rejected aproposed $285 million settlement between the U.S. Securities and Exchange Commission and Citigroup over the bank’s alleged failure to inform investors about its role in selecting underlying loans in mortgage-backed securities.
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Italian lender Banca Popolare dell’Alto Allige has launched and retained a mixed mortgage-backed securitization, Voba N.3. -
Investec Bank subsidiary Kensington Mortgages shelved its Gemgarto 2011-1 U.K. residential mortgage-backed securitization late on Thursday afternoon citing wider market turbulence, but the deal could still come to market in the new year, possibly with a revised pricing and structure.
