Latest news
Latest news
Investors able to cherry pick deals from wide variety
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
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UBI Banca, the Italian bank with a €97bn loan book, announced on Wednesday the securitization of a €2.75bn non-performing loan (NPL) book, and plans to apply for a state guarantee on the senior tranche which will be retained. -
The Federal Housing Finance Authority (FHFA), which regulates and oversees Fannie Mae and Freddie Mac, has seen better summers.
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Homeward Opportunities Fund I, a private equity fund controlled by asset manager Neuberger Berman, is issuing an RMBS backed by $485.5m worth of non-qualifying mortgages (non-QMs), or mortgages which do not conform to the purchasing standards of Fannie Mae and Freddie Mac.
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Permanent TSB agreed to sell a non-performing loan (NPL) portfolio to affiliates of Lone Star on Tuesday, following a competitive sale process.
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The European Parliament has proposed an amendment to the new Capital Requirements Regulation protecting banks from the consequences of “massive disposals” of non-performing loans.
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House purchase mortgage approvals fell by roughly 2,350 in June compared to the same time last year, a reduction of 4.7%, according to data from consumer finance advocacy group UK Finance, though the mortgage market is being propped up by refinancing activity.
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Data from the Department of Commerce released on Wednesday shows that new home sales in June decreased in volume by 5.3% versus the month of May, suggesting that the US housing market is failing to keep up with the broader economic upswing.
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Redwood Trust, a California-based REIT, announced on Tuesday that an underwritten public offering of 6,250,000 shares of Redwood’s common stock has been priced at $16.50 per share, resulting in gross proceeds of approximately $103m.
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In its newest non-performing deal, NHLT 2018-2, Nationstar Mortgage is securitizing cash flows from 1364 non-performing home equity conversion mortgages (HECMs) sourced from Ginnie Mae-sponsored securitization pools.
