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Latest news
Deals including some commercial mortgages expected to follow
Deal was priced 6bp tighter than most recent iteration of the asset class
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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. -
The Spanish government’s decision to extend laws that prohibit tenant evictions is a blow for the credit strength of the country's covered bond and mortgage securitizations. But even so, supply scarcity will continue to have more influence on Cédulas valuations and spreads, which have already tightened this year and may well have further to go.
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Securitization can play a part in the UK’s economic recovery from the coronavirus pandemic but it needs the government to keep the housing market alive.
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Morgan Stanley is marketing an Irish re-performing RMBS, Shamrock Residential 2021-1. The deal includes a new structural feature for the European market, which juices the yield on the portfolio by diverting a portion of principal payments to this purpose.
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Cabot Square Capital-backed mortgage originator Lendco has announced its first UK RMBS deal after the securitization market fully reopened on Friday for 2021.
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The impact of coronavirus on economies has led to extraordinary help being granted to banks and their customers. But this brings the risk of problems on banks' balance sheets being hidden, according to William Coen, former secretary general of the Basel Committee on Banking Supervision.
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The European Parliament's Committee on Economic and Monetary Affairs (ECON) has voted through regulation to harmonise the secondary market for NPLs across Europe, pushing through a key stage of its Action Plan aimed at rebuilding the European economy post-pandemic.
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TwentyFour Asset Management has announced the first public UK buy-to-let RMBS of 2021, a £337m deal called Hops Hill 2021.
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STS third-party verifier Prime Collateralised Securities (PCS) has hired Harry Noutsos as a managing director in market outreach.
