Latest news
Latest news
Master trust to finance Rothesay’s purchase of HSBC’s French mortgage book
BMW also priced its UK prime auto ABS
The €500m deal uses a master trust structure
More articles
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Regulatory pressures are pushing banks into shedding unwanted assets. And on the other side of the table, new investors have diversified the marketplace. Jasper Cox reports. -
The role of rating agencies in contributing to the 2008 financial crisis should not be forgotten. Inflated ratings on securities that turned toxic played a major part in the build-up of the financial bubble that later burst with costly consequences.
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Obvion, the mortgage lending subsidiary of Rabobank, is preparing to market Storm 2018-II, an RMBS offering backed by Dutch mortgages.
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With ABS syndicate bankers hinting at a busy pipeline of euro deals next month, two CLOs and a buy-to-let RMBS squeezed into the primary market before the end of August.
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The US Securities and Exchange Commission on Tuesday announced a fine against Moody’s for internal control and modelling issues pertaining to ratings of RMBS, as well as a first ever charge for deficient ratings symbols of CLO combo notes. The rating agency agreed to pay a total of $16.25m to settle the charges.
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Bank of Cyprus said on Tuesday that it had priced €220m of additional tier one (AT1) capital with a whopping 12.5% coupon, on the same day it announced the sale of a portfolio of non-performing loans.
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Wells Fargo announced plans to cut over 600 staffers from its residential mortgage units, the latest of several rounds of cuts at the bank in 2018.
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Santander priced its Holmes 2018–2 UK RMBS on Thursday, raising more than $1bn, with orders flowing in throughout the three-day book building process.
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The Federal Housing Finance Agency (FHFA) announced on Tuesday that the government-sponsored enterprises will end some funding for the single family rental (SFR) market as it believes larger investors can adequately participate without Fannie Mae and Freddie Mac's assistance.
