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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President Donald Trump signed a presidential memorandum on Wednesday that purports to formally initiate the reform of the US housing finance system. -
The US RMBS market at the end of the first quarter is looking robust in some segments but sluggish in others, as Goldman Sachs lines up a new deal this week and an offering from Angel Oak clears the pipeline.
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Bank of America and Morgan Stanley’s European ABS trading desks have taken on the risk of Cerberus’s refinancing of the Granite portfolio, subscribing on Friday for classes 'B' to 'F' of the giant deal.
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Cerberus said this week that it expects to call the securitizations of the Granite book, Towd Point Mortgage Funding Granite1 and Granite2, suggesting the private equity investor is plotting a refinancing. This would mean marketing one of the largest ever UK mortgage deals in the middle of the final, fraught Brexit negotiations — a bold move, but increasingly inviting, as UK banks have rushed to take advantage of an improvement in sentiment this week. Owen Sanderson reports.
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A US state official brought a class action suit on Tuesday against 19 dealer banks for colluding on secondary market pricing and overcharging investors who bought agency debt between 2009 and 2014.
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Wells Fargo analysts forecasted on Tuesday that Freddie Mac will release some $20bn of agency MBS supply this year as the Federal Housing Finance Agency may ask the GSE to shrink its balance sheet as part of a more substantial housing finance reform effort.
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Could the European securitization market’s much-vaunted and long-expected “simple, transparent and standardised” framework end up dead on arrival? That’s the worry for market participants who think securitization could be hollowed-out by the European Central Bank’s third TLTRO, writes Tom Brown.
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Foundation Home Loans, the trading name of Paratus AMC, has entered into a new £350m warehouse credit line with National Australia Bank to support the origination of new mortgages.
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EU institutions are working toward a deal on a draft directive establishing secondary markets for non performing loans (NPLs). It is to be the final piece of the NPLs "action plan" unveiled in March by the European Commission.
