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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 trustee handling the liquidation of Thornburg Mortgage has filed suit against top Wall Street banks for $2.2 billion charging they engaged in collusive and predatory schemes that forced the mortgage company into bankruptcy.
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Positive market news is expected to tighten spreads in commercial mortgage-backed securities, according to Barclays Capital.
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Only about one-third of the 387 sets of rules required by the Dodd-Frank Act have not yet been proposed, as the first deadlines for the regulations in July draw near, according to the law firm Davis Polk & Wardwell.
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The agency mortgage-backed securities market may lose investors to other top-rated assets, including U.S. Treasury bonds and AAA-rated sovereigns as Congress moves to shake up the $5.5 trillion agency MBS sector, according to officials.
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Legacy monolined-wrapped residential mortgage-backed securities in the secondary market are benefiting from the recent settlement between Assured Guaranty and Bank of America-Merrill Lynch, according to traders and an analyst.
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Leverage is returning to the secondary private label residential mortgage-backed securities market as investment banks get comfortable dishing out risk to investors hungry for yield, according to a New York-based chief RMBS trader.
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Barclays Capital has priced its $965 million National Credit Union Administration residential mortgage-backed securitization, NCUA Guaranteed Notes Trust (NGN) 2011-R6, at one-month LIBOR plus 38 basis points, according to a banker familiar with the transaction.
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Barclays Capital is set to buy back some $12 billion of collateralized loan obligations and U.S. residential, mortgage-backed securities as new capital rules have made it more costly to keep them off its balance sheet.
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Knight Capital is plotting a pipeline of Ginnie Mae-backed reverse mortgage securitizations, a move that piggybacks on the firm’s debut offering in March.