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Latest news
This is the second RMBS deal from the PIF-backed issuer
Volkswagen also added a UK auto ABS to the primary
Invictus, Annaly, JP Morgan to print a billion dollars each next week
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The Government National Mortgage Association is looking to hire a money manager to manage the agency’s recent influx of global investors and to continue to grow its investor base abroad.
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Residential Credit Solutions, a Fort Worth, Texas-based servicing firm, wants to issue more residential mortgage-backed securities, but is struggling to find attractively priced collateral, according to an official with knowledge of RCS’ strategy.
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Northern Rock Asset Management has said it will buy back the notes from its Graphite 2006-1 U.K. synthetic residential mortgage-backed securitization at par, a decision London-based analysts say stings participants in last month’s tender offer on the bonds.
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JPMorgan is planning to reopen the Spanish residential mortgage-backed securities market, closed for four years now, with an offering this year.
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Credit Suisse is beefing up its bond platform to compete with the two major legacy platforms still widely used by the Street.
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Northern Rock Asset Management announced on Thursday that it plans to terminate the CDS swap with KfW for its Provide Graphite 2006-1 synthetic RMBS. As a consequence, it will redeem all the credit-linked notes at par on August 10, which is the next interest rate payment date.
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West Bromwich Building Society has released the capital structure of its sterling denominated Kenrick 1 UK prime RMBS, its inaugural publicly placed RMBS.
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Now is a good time to sell the Fannie Mae 4 butterflies and scoop up some relative value as the trade enjoys a low risk exposure, according to Morgan Stanley analyst Janaki Rao.
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Banco Santander is issuing a €1.8 billion ($2.56 billion) Spanish residential mortgage-backed deal, known as Santander Hipotecario 7, but the transaction is likely to be retained as investors continue to be spooked by Spanish asset-backed paper, according to a senior syndicate official in London.