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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Digital underwriting of mortgages can improve accessibility and cut back on red tape, proponents say, but some observers are still expressing skepticism over algorithmic mortgage lending.
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The demise of Wonga.com brought the payday lending industry back into the public consciousness. With socially minded investors scrambling to find assets, this industry seems ripe for intervention via social financing. -
The growth of the credit risk transfer (CRT) market and the debut of the uniform mortgage-backed security (UMBS) in June 2019 may represent some of the most substantial post-crisis housing reform.
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A booming securitization market and a last minute pop in registrations will bring nearly 5,000 ABS market pros to Miami Beach for this year’s ABS East conference, as attendees look to get the pulse of an aging credit cycle and an outlook on what to expect as the market nears its peak.
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Sole arranger Lloyds announced the inaugural prime UK RMBS deal – Elvet Mortgages 2018-1 – for Atom Bank on Monday. BNP Paribas and Lloyds are joint leads.
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UBS has hired an ex-Deutsche Bank banker to structure securitizations, with a particular focus on NPL portfolios — a big change for an investment bank that closed its securitization operations in 2012.
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Despite a temporary uptick in the US mortgage refinancing rate in August this year, rising interest rates are weighing on refinancing activity which is pushing issuers to be more creative in how they extend credit to borrowers, according to some market observers.
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Private label RMBS is set to have its busiest year ever since the financial crisis. But investors are only cautiously welcoming the upswing in volumes, which is being driven by new kinds of mortgage credit backed by a broader range of borrowers.
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Australian mortgage lender Liberty Financial is marketing its latest prime RMBS deal — Liberty 2018-3 — and is looking to drum up interest for a euro denominated tranche to be included in the capital structure.
