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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UK-based debt purchaser Cabot Credit Management has extended its maturity profile with an opportunistic refinancing of its 2021 high yield notes, with solid demand for the deal allowing it to redeem a sterling tranche as well. -
Bookrunner VTB Capital closed a securitization backed by loans made by Russian mortgage agency DOM.RF Mortgage Agent, as the government-guaranteed issuer steps up its securitization plans.
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Goldman Sachs announced on Friday that it is arranging a £282.8m CMBS named Cold Finance, a refinancing of a single loan to warehouse specialist Lineage Logistics. The deal has five rated tranches including a triple-A rated senior tranche.
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Eurobank has securitized a €2bn portfolio of non-performing mortgages, ahead of the likely development of a Greek version of the Italian guarantee scheme for senior tranches of NPL deals.
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Following the appointment of lead counsel in a mounting class action suit that accuses nearly a dozen investment banks of an agency bond price fixing conspiracy, a new complaint filed in New York district court lists Deutsche Bank as a co-conspirator that divulged electronic chats between traders to prosecutors.
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The largest reform to the agency MBS market since the financial crisis is set to take place when the first uniform mortgage-backed securities (UMBS) are delivered to investors on June 3. Other aspects of housing finance reform, however, still seem as murky as ever.
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CYBG, the UK banking group, has issued its second Lanark residential mortgage securitization of the year. It has amended the structure of February’s offering to add Sonia coupons and STS certification eligibility to the shelf. That allowed it to print longer bonds than earlier this year.
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The spree of new Sonia-based issuance in the securitization market continued on Tuesday, with three more issuers joining the pipeline — including a marketplace lending debut from LendInvest, ahead of its possible initial public offering later this year.
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Davidson Kempner’s Stratton Mortgage Funding 2019-1, mandated on Tuesday, represents the second time the US hedge fund has had to overcome Rizwan Hussain’s interventions in the secondary market for UK mortgage portfolios.
