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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Charter Court Financial has sold a secondary reoffer of the class ‘A2’ tranche of its 2019-1B RMBS deal, tapping into a market which has seen spreads retrace the widening experienced during the early months of the pandemic. -
Warehouse terms and costs of financing are improving for buy-to-let lenders looking to tap into the securitization market for funding. Issuers say clouds are clearing for the UK housing sector in 2021, prompting overseas interest in these assets.
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Specialist mortgage lender Kensington’s first ‘social’ RMBS is heading to be priced between 59bp and 62bp, clinching premium pricing for an innovative deal. But investors say the discount is mostly thanks to the scarcity of UK RMBS supply rather than the social element.
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Natixis on Monday promoted Peter Cui to head of structured credit syndicate in its European business, replacing Dimitris Papadopoulos who left to run CLO origination and syndication at Credit Suisse in September last year.
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Kensington is marketing the first ever RMBS 'social bond', which could mean investors accepting a lower spread for their mortgage bonds thanks to the label. But Kensington’s lending approach will be little changed by the new issue, raising the question of what the new issue changes.
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Kensington Mortgages is bringing the first labelled social RMBS in Europe, a landmark transaction set to be followed by others, as the securitization market catches up to other capital markets which have more readily adopted ethical frameworks. By Tom Brown.
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Dilosk, the Irish mortgage lender, has launched its first RMBS deal that includes owner-occupier loans, branching out from the buy-to-let offering it has stuck to for the past five years.
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New deals are flooding into the European securitization market, especially the UK, in the last week of January, after two RMBS issues attracted unprecedented demand. Issuers are betting investors remain hungry for securitized products, despite national lockdowns.
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A flood of European accounts entering the sterling market helped boost the UK RMBS market to levels not seen since 2018, with debut issuer Lendco push Atlas Funding 2021-1 at the tightest pricing seen for an inaugural buy-to-let deal since 2008.
