Latest news
Latest news
Meanwhile, ADMT has set guidance for its $602m non-prime deal
Fortress agrees forward flow for €500m of unique assets
Cash SRT pipeline fires up earlier than usual
More articles
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Pepper Money has mandated Citi, National Australia Bank and NatWest Markets for a £425m non-conforming UK RMBS. The issuer pre-placed its 2020 transaction but is fully syndicating its latest offering. -
The UK government is launching a complete review of its securitization regulations in parallel with the European Union’s ambitions to reform the market. Sustainability, the 'simple, transparent and standardised' label, SME funding and risk retention are all under the microscope.
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The Federal Housing Finance Agency announced new leadership appointments under the new acting director Sandra Thompson on Tuesday, kicking off a wave of people and policy changes to come in at the agency.
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After one of the busiest quarters for ABS since the financial crisis, many market participants are eyeing a short break in August in anticipation of a slower market. The combination of working-from-home culture, lack of travel opportunities and physical meetings has prevented many in the market from taking a break.
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Following release after his imprisonment for contempt of court, Rizwan Hussain has launched a new attack on legacy RMBS transactions managed by Bluestone Mortgages, purporting to have taken over as a director of the SPV and attempting to replace crucial transaction parties with his own entities. Whether he has authority to do so is not yet clear.
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Belmont Green has mandated Santander and NatWest for its second UK RMBS of the year, Tower Bridge Funding 2021-2, bringing a predominantly buy-to-let transaction with four offered tranches.
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ABS lawyers are asking issuers to resist taking advantage of a legal loophole left via a regulatory quirk, where a number of CLO and CMBS deals are technically exempt from switching data over to the securitization repositories approved by the European Securities and Markets Authority (ESMA) on Friday.
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Barclays has won a mandate on an Irish RMBS deal fully pre-placed by equity-holder Pimco on Tuesday. The deal was announced as it emerged that Rob Scott, head of asset finance securitisation and asset finance solutions at Barclays, is leaving the bank to join the asset manager.
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Real estate investment firm Toorak Capital closed a $340m securitization of residential bridge loans last Friday, its fifth deal to date. Toorak’s latest transaction drew huge investor interest, with its A-1 and A-2 notes being oversubscribed several times.
