Latest news
Latest news
It plans to include transactions backed by second lien fixed rate mortgages originated post-crisis
Public versus private distinction scrapped for disclosure plus new, simplified templates for mature asset classes
Meanwhile, ADMT has set guidance for its $602m non-prime deal
More articles
More articles
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As the Brexit deadline looms, issuers are rushing to get deals done before the end of the month. Lloyds has priced a prime RMBS, while Chenavari approaches the finish line with an Italian consumer deal. -
Kensington Mortgage has released initial price thoughts for its upcoming Finsbury Square 2019-3 RMBS following a US roadshow, as Together Money gets ready to price its own offering.
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Real estate investment firm Toorak Capital has closed a $350m securitization, the largest residential bridge loan RMBS to date.
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The ABS market is divided into camps over the necessity for a third level of NPL compliance, with participants coming out for and against more disclosure at a panel in True Sale International’s 2019 Conference in Berlin.
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Jesus Rio Cortes, a managing director at Bank of America Merilll Lynch in the EMEA securitization group, has joined Apollo Global Management.
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Paratus has mandated National Australia Bank, Standard Chartered and Natixis to run its second Twin Bridges RMBS of the year – with two of these firms pushing especially hard to establish themselves as UK RMBS arrangers in recent months and years.
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The non-qualified mortgage RMBS market is expected to double its year-on-year issuance volume in 2019, said speakers at ABS East on Monday, who predicted the sector to outpace other ABS as private capital takes a larger share of the mortgage finance market.
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Leeds Building Society marked a successful RMBS return with class ‘A’ spread set at 68bp over Sonia after markets saw a respite from Brexit headline risk.
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A recent Spanish Supreme Court ruling on NPL foreclosures will help buyers of poorly performing mortgage portfolios avoid years of potential legal proceedings.
