Latest news
Latest news
PRA and FCA go much further than EU in loosening rules
Liberated issuers will still have to follow European regulations if they want to sell in EU
Citi prepares consumer ABS from Abound forward flow
More articles
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Fannie Mae on Wednesday priced a $922m note offering from its Connecticut Avenue Securities (CAS) programme, using a REMIC structure for the first time to allow more investors to participate in the burgeoning credit risk transfer (CRT) market. -
Waterfall Asset Management, a credit-focused hedge fund that specializes in ABS investments, is in the market with what it claims is the first publicly rated securitization of reverse mortgages.
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After years of work and numerous consultations, US regulators are still grappling with guidance for new floating rate note (FRN) contracts and the problem of how to fairly reset existing financial agreements that use Libor as a reference rate.
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Uncertainty over the ultimate shape of the European Union’s simple transparent and standardised (STS) securitization framework may be hampering investor demand for top quality securitizations, according to bankers.
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The Council of the European Union agreed on a softer line for writing down non-performing loans on Wednesday, extending the timeline that European banks will be given to provision bad loans down to 0%. The Council’s proposals also add a third category of NPLs to the planned distinction between ‘secured’ and ‘unsecured’, giving separate treatment to loans secured on 'movable' collateral.
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At a concluding panel at the SFIG Mortgage Symposium in New York on Tuesday, experts and executives in mortgage finance expressed concerns that the Trump administration’s sharp focus on boosting economic growth could hinder plans to scale back the footprint of Fannie Mae and Freddie Mac.
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The European Bank for Reconstruction and Development has made its first Greek non-performing loan (NPL) investment, part of a €300m programme to help banks in central, eastern and south-eastern Europe to clean up their balance sheets.
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With October’s steep stock market plunge signaling the market is in correction territory, while the Federal Reserve pumps the brakes on expansionary monetary policy, RMBS has managed to outperform versus other asset classes this month.
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The steady creep upwards in interest rates and a brewing affordability crisis had bankers and investors at the SFIG Residential Mortgage Finance Symposium on Monday on edge, leading even some executives to declare that it has become impossible for many middle-income Americans to afford a mortgage.
