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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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Soaring non-bank lending in the US mortgage market poses a systemic risk that is being underestimated in the housing reform debate, according to a report from the Brookings Institution on Thursday. -
Strong market conditions — and a successful marketing trip to US investors at SFIG Vegas 2018 — have dug up plentiful demand and tight pricing for Holmes 2018-1, which features two dollar tranches.
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The EU’s lenient treatment of the IFRS 9 accounting rules has opened a loophole for Italian banks — allowing them to push through punishing provisions on their NPL portfolios, but wish away the impact on their regulatory capital — which could save the weakest banks from turning to shareholders for more cash, and speed up portfolio sales.
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Clifden IOM No. 1 revealed its strategy on Monday for the RMAC bonds that it tendered for — but the issuer said on Wednesday that the controversial fund had not yet offered proof that it controlled enough bonds to push through the deal changes it wants.
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Lone Star has mandated Morgan Stanley to help it refinance a portfolio of Irish mortgages it securitized less than two years ago, the first in a potential wave of sponsor-driven refinancing RMBS trades to come in 2018.
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The issuer and trustee in the RMAC deals at the centre of the tussle between Clifden IOM and Paratus AMC said they have yet to receive proof that Clifden holds the notes it needs to amend the bonds.
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VW Finance has announced a new auto ABS transaction, while Charter Court has set guidance on its latest UK RMBS and Elan Woninghypotheken’s latest Dutch RMBS is set to be priced.
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American Insurance Group is launching a prime jumbo mortgage RMBS deal through its own shelf for the first time, following two deals last year that were placed through Credit Suisse’s conduit platform.
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Charter Court Financial Services hit screens on Tuesday with its second UK RMBS of the year, Precise Mortgage Funding 2018-2B, while Santander UK’s Holmes also raced forwards to tap post-Vegas dollar demand.
