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
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Co-op Bank opted to pre-place its fourth Warwick Finance RMBS last Friday, scraping the remainder of a legacy portfolio it began securitizing in 2015. -
Aldermore Bank has tapped Bank of America Merrill Lynch and Lloyds to arrange a prime UK RMBS deal set to qualify for the ‘simple, transparent and standardised’ (STS) regulatory label, looking to get ahead of a raft of RMBS issuance expected in September.
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Banca Monte dei Paschi di Siena has completed four transactions for the sale of non-performing loans, totalling €340m.
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Santander has submitted notifications to regulators for its Holmes Master Trust RMBS to be eligible for the the ‘simple, transparent and standardised’ (STS) regulatory designation.
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The UK government publicly praised a deal between fintech firm LendInvest and National Australia Bank (NAB), applauding a £200m investment by the bank in the online buy-to-let mortgage lender.
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Intesa Sanpaolo and Prelios have formed a partnership focusing on unlikely-to-pay (UTP) loans, a subset of the non-performing loan sector, aiming to securitize a €3bn portfolio of UTP loans made to small and medium sized enterprises.
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After an explosive report this week by British newspaper The Times accusing Al Rayan Bank of funding extremist groups, investors in the UK Islamic bank’s sukuk RMBS say they have little concern over the prospects for the bonds.
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Hoist Finance has transferred an Italian NPL portfolio of €225m to a special purpose vehicle, taking the first step towards issuing an unrated securitization.
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Paul Byrne, the treasurer who helped structure the first additional tier one (AT1) gender equality bond, is joining Quartech, the asset manager of HomeOptions, an ESG not-for-profit firm that aims to challenge private equity funds purchasing mortgage portfolios in Ireland.
