Latest news
Latest news
Third deconsolidation RMBS from a UK challenger bank since November
Annaly closes its year with triple-As at 125bp
The conditions are set so that 2026 promises to be even better than the already impressive 2025. A deepening of esoteric asset classes, combined with entirely new deal types, as well as more debut issuers are set to be the key themes, writes Tom Hall
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Together, the specialist mortgage lender, is bringing a unique UK securitization with a portfolio combining buy-to-let residential properties and commercial real estate, a first of its kind for the market. -
Boudewijn Dierick, BNP Paribas’ head of ABS and covered bonds, is leaving the bank to join Auxmoney, a German consumer lender which set up a €500m warehouse with BNP Paribas in November.
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The UK RMBS market is awash with deals from non-bank lenders who have seen a boost to their origination when the government raised the 0% threshold on its Stamp Duty and Land Tax on residential mortgages last July. The end of the tax break is close, although some anticipate it will be extended.
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The EU Commission is rushing to untangle legislation that would have stopped EU investors from buying Australian securitizations or covered bonds, after the country ended up on the EU’s list of non-cooperative tax jurisdictions.
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NPL Markets, which offers access to a trading ecosystem for distressed and illiquid loans, has appointed a handful of senior advisors.
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Italy’s NPL collections have begun edging back to normality, with December’s collections 71% higher than those in November. The latest collection figures are the highest since the pandemic began.
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JP Morgan is opening warehouse lines for UK mortgage origination, ending a prolonged absence from a core part of the European securitization market for the US giant — a prohibition said to have been mandated by senior figures in the bank’s management team.
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A €525.8m Dutch RMBS deal from RNHB backed by buy-to-let loans is out in the market, but at the same time city councils have started introducing limits on BTL purchasing in parts of the Netherlands.
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Hoist Finance is, unlike most of its competitors, a bank that is hoovering up non-performing assets, at a time when banking supervisors are laser-focused on cutting European bank exposures to those very same assets. That should be a problem for Hoist, whose whole business is based around purchasing NPL portfolios from other banks, but it’s a problem which it has been able to solve using securitization.
