Latest news
Latest news
The £500m trade is the joint largest non-bank credit card ABS, matched by CoT’s previous deal
Lendco also added a UK BTL RMBS to the pipeline
This is the second RMBS deal from the PIF-backed issuer
More articles
More articles
-
There is growing concern that the quality of the commercial mortgage-backed securities coming to the market is declining amid the industry’s revival.
-
Price guidance on Lloyds Banking Group’s Headingley 2011-1 residential mortgage-backed deal emerged this afternoon.
-
Northern Rock is shopping its first public residential mortgage-backed deal since the financial crisis. The issue is being hailed as a major boost to Europe’s securitization sector, but some London-based investors reckon it could prove tricky to tempt some buyers, noting bonds in Northern Rock’s Granite RMBS may yet offer better yields.
-
U.S. regulators are expected to miss the April 18 target date, set under the Dodd-Frank Wall Street Reform Act, for overhauls to the lending market that includes risk retention rules for mortgages and securitizations.
-
Citigroup is said to be preparing an issue of residential mortgage-backed securities denominated in Australian dollars.
-
Deutsche Bank, JP Morgan and Royal Bank of Scotland will sell Northern Rock’s first public post-crisis securitisation, a £1.5bn prime RMBS. The deal will be issued through Gosforth Funding 2011-1, which will be a standalone static pool deal.
-
The U.S. Department of the Treasury plans to start selling off its $142 billion portfolio of agency residential mortgage-backed securities, with the first batch of $10 billion expected this month.
-
Smaller players in the U.K. and European mortgage sector, such as retail banks and building societies, are being tipped to contribute to a healthy flow of residential mortgage-backed securities issuance this year.
-
The outlook for South African asset-backed securities and residential mortgage-backed securities for 2011 is negative, according to Fitch Ratings.