Latest news
Latest news
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
€300m of reoffered bonds priced at par, another tranche to be placed privately
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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. -
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.
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More than 60 UK RMBS securitisations containing pre-crisis assets will see credit improvements, according to Moody’s, as the UK's Financial Conduct Authority (FCA) has promised to relax mortgage affordability rules for “trapped” borrowers. The change in approach will affect more than £29bn ($37.87bn) of outstanding bonds.
