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Latest news
Fortress agrees forward flow for €500m of unique assets
Cash SRT pipeline fires up earlier than usual
A new European data centre sponsor, Dutch buy-to-let back in business, CLO equity squeezed and a Bitcoin backed deal
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Senate Banking Committee Chairman Mike Crapo (R-Idaho) released an outline for housing finance reform legislation on Friday that would see an expanded role for Ginnie Mae and entirely spin off Fannie Mae and Freddie Mac’s multifamily businesses. -
Alpha Bank sold a €1bn gross-book value portfolio of non-performing Greek SME loans, along with €56m repossessed real estate assets, to a group of funds managed by affiliates of Apollo Global Management and International Finance Corporation in December. The bank was advised by White & Case.
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Clydesdale Bank mandated Bank of America Merrill Lynch, BNP Paribas, Citi and Wells Fargo for the first UK RMBS of the year, Lanark 2019-1.
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Heavyweight debt collector Intrum reflected on a very active period of investments in its fourth quarter results, as banks continue to use it when dealing with legacy assets. But analysts questioned its refinancing abilities.
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Ginnie Mae announced on Wednesday that it was restricting loanDepot, an online marketplace lender, from pooling Veteran Affairs mortgages into certain Ginnie securitizations due to aggressive loan churning.
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Natixis and others are in the market with a remarketing of Fanes 2018, an Italian RMBS backed by a static portfolio of first lien residential mortgage loans originated in northern Italy.
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The guarantee on securitization of bank non-performing loans (GACS) is likely to be extended, according to market participants speaking at a non-performing loans (NPL) event by the rating agency DBRS. Traders and other sources suggest the government could extend the programme to loans classified as 'unlikely to pay' (UTP).
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A White House statement on Tuesday indicated that the executive branch will work with US Congress to privatise the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, signalling that any attempt to reform US mortgage finance will need to pass through a deadlocked legislature.
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Australian lender Pepper Money this week started marketing an RMBS that will offer investors a euro-denominated tranche and a short-dated dollar tranche, as the issuer looks ready to be the first to jump into the European securitization market this year.
