Latest news
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
More articles
More articles
-
The asset backed security market showed signs of recapturing some of its old swagger this week, playing host to a wide range of transactions and preparing to take down the largest volumes since the onset of the credit crisis in 2007.
-
UK prime RMBS from Northern Rock and Royal Bank of Scotland achieved impressive momentum this week, with a total of around £2.8bn placed in the market on Wednesday amid healthy oversubscription.
-
ABS market participants pointed to a trio of public roadshows shooting for broad distribution as a further sign that the broader market is recovering.
-
Mortgage securitization trailblazer Lewis Ranieri and economist Ken Rosen are calling for continued government influence in the housing and mortgage market to hasten the sector’s recovery.
-
Prepayment speeds on Freddie Mac Golds, the series of 30-year and 15-year agency mortgage-backed securities, plummeted in March by 19% and 12%, respectively.
-
Investment banks, rating agencies and industry associations in Europe have blasted plans by the European Securities and Markets Authority to force non-E.U. credit rating agencies—and the ratings they give to financial instruments—to meet new, stringent requirements to be valid in the region.
-
The Federal Reserve Bank of New York’s initial $1.5 billion sale of bonds from its legacy American International Group Maiden Lane II portfolio has most likely already found its way into the hands of end-user accounts, according to traders.
-
European investors seem to have largely set aside past grievances with Northern Rock, the bank that almost collapsed at the height of the credit crunch, taking exposure to its latest standalone residential mortgage securitization.
-
Krishna Prasad, former London-based portfolio manager at BlackRock Solutions, has been hired by the Royal Bank of Scotland to head mortgage-backed strategy for Europe.