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Latest news
Fortress agrees forward flow for €500m of unique assets
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
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Lloyds has attracted more than $1.3bn of interest for the dollar denominated 1.95 year triple-A '1A1' notes of its Permanent 2018-1 prime UK RMBS deal, as well over £800m of orders for the 2.8 year sterling triple-A ‘1A2’ tranche, with estimates of £1bn-£1.25bn in total issuance. -
Freddie Mac has officially transferred more than $1tr worth of mortgage risk via its credit risk transfer (CRT) RMBS programme, bringing the total amount of mortgage principal risk shifted away from both Fannie Mae and Freddie Mac since 2013 to over $2.25tr.
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Merrill Lynch, Pierce, Fenner & Smith, a brokerage subsidiary of Bank of America Merrill Lynch, has agreed to pay $15.7m for defrauding customers and excessively marking up the value of securities while trading non-agency RMBS.
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TwentyFour Asset Management on Wednesday mandated Bank of America Merrill Lynch as arranger for Malt Hill No.2, a buy-to-let (BTL) RMBS comprising mortgages originated by Coventry Building Society through its Godiva brand.
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Clifden IOM, the controversial fund which unsuccessfully tendered for UK non-conforming RMBS from the RMAC series earlier this year, has launched another bid to squeeze cash out of a securitization. This time it is targeting Thrones 2013-1, which is sponsored by Mars Capital and is about to be refinanced.
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Lloyds is weaning itself off the Bank of England’s Term Funding Scheme (TFS), tempting investors back to its RMBS programme with a dollar and sterling denominated offering, after an 18 month absence from the market.
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Freddie Mac priced $263.5m of STACT 2018-SPI2 notes on Wednesday, its largest deal to date in its newest category of unsecured credit risk transfers (CRTs). CRTs are a form of credit insurance on the mortgages held by Freddie Mac.
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The Government National Mortgage Association (Ginnie Mae) has barred three non-bank lenders from contributing home loans made to military veterans to its multi-issuer mortgage-backed securities because of concerns over rapid loan refinancing at the firms, writes Alexander Saeedy.
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NN Bank paid a generous premium for the first Dutch conditional pass through (CPT) covered bond of 2018. The deal emerges in the wake of the European Commission’s decision to halve capital charges for certain securitizations, a move which may cause some banks to reconsider RMBS issuance.
