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
More articles
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Based on a recent study released by data provider Ellie Mae on homeownership trends in the US, millennial borrowers are taking out larger and larger FHA mortgages as low housing inventories continue to push prices upward. -
A handful of prime UK RMBS deals are rumoured to be in the pipeline, along with several prime euro transactions, with issuers said to be targeting US investors while they wait for the fog to clear around new ‘simple, transparent, standardised’ (STS) rules.
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Researchers from Goldman Sachs said on Wednesday that the bank was scaling back its projected targets for year end mortgage and 10 year Treasury rates as indications of a slowing US economy and Federal Reserve dovishness suggest a gentler path upwards for interest rates.
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Ginnie Mae, which oversees more than $2tr of US residential mortgages, has grappled with a prolonged cycle of ‘loan churning’ of Veterans Affairs loans, the steady unwind of the Federal Reserve’s balance sheet and a challenging mortgage finance market in the past year. GlobalCapital’s Alexander Saeedy connected with Ginnie Mae COO Michael Bright to discuss what lies ahead for the agency in 2019.
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Shawbrook, a UK challenger bank advised by Bank of America Merrill Lynch and Goldman Sachs during its 2017 takeover by private equity, is waiting in the wings with a debut RMBS offering.
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Since early November, US interest rates have slipped from multi-year highs as the benchmark 10-year Treasury fell to around 2.6%. The flattening has upended most investors’ views on fixed income performance into 2019, and in particular is drawing out concerns about a reopening of the refinancing window for mortgages originated last year.
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A last-ditch reprieve for the asset-backed commercial paper market late last year saved European banks running securitization conduits from a huge drawing on their liquidity reserves — but details of the fix are still being hashed out.
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Redwood Trust is preparing to issue the first private label RMBS deal of the new year.
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Italian NPL servicing specialist doBank on Wednesday announced a deal to buy 85% of Altamira Asset Management to push into other potentially lucrative southern European markets, adding €55bn in assets under management to its existing €140bn.
