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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Monte dei Paschi di Siena (MPS) continues to shed its non-performing exposures, selling a €455m portfolio to Cerberus on Wednesday following the sale of €690m to Illimity on Tuesday. -
Banca Monte dei Paschi di Siena (MPS) has completed the sale of two portfolios of non-performing and unlikely to pay loans to further derisk its balance sheet and complete a planned restructuring, selling almost €700m to Illimity Bank.
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Clifden IOM No.1, the controversial hedge fund headed by Rizwan Hussain, is being wound up following a court order issued on July 2.
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Charter Mortgages has sold its remaining equity notes in Precise Mortgage Funding 2019-1B to JP Morgan for £6.2m, deconsolidating the RMBS from its balance sheet, the company said on Friday.
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Investment manager Davidson Kempner has enlisted Credit Suisse to act as risk retention holder for the refinancing of the Hawksmoor portfolio, one of the UK’s largest books of legacy mortgages, with Bank of America also committing serious balance sheet to win its joint arranger role.
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A pair of Italian ABS deals set to qualify for the ‘simple, transparent and standardised’ (STS) regulatory label put Italy at the top of the list along with the UK for total public STS issuance.
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Metro Bank confirmed on Monday that it was planning to sell a portfolio of loans, following a report over the weekend from Sky News, with Cerberus in the frame to buy back the same Capital Home Loans mortgages it sold to Metro in 2017.
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Triodos Bank, a renewable energy-focused Dutch bank which grants cheaper mortgages to borrowers willing to rely on green energy-powered homes, is bringing an €840.78m RMBS via Rabobank. Comprising a mix of green and non-green assets.
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Waterfall Asset Management’s 2017 NPL securitization of Creval loans, Elrond NPL, has been downgraded as collections fell short of expectations. Scope Ratings said that cumulative collections were only 75% of those in the original business plan, with cash still stuck in challenging court processes.
