Latest news
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
More articles
More articles
-
Investor sentiment at SFIG Vegas 2018 was that MBS and other mortgage investments are now “fully priced”, though buyers are not worried that the market will reverse course dramatically in the near term, wrote analysts at JP Morgan in a note on the back of the event. -
Santander UK has mandated joint leads for a prime RMBS off its Holmes shelf with a view to placing notes in sterling and, for the third time this year for a UK issuer, in dollars.
-
Clifden IOM No. 1 revealed its strategy on Monday for the RMAC bonds that were offered into its controversial tender — but the fund’s approach is still fraught with risk, and Paratus AMC was quick to issue another notice trying to sink the tender.
-
Cerberus Capital Management has bought Bluestone Group’s Australian mortgage lending and portfolio servicing business, the latest of a string of private equity firms to acquire non-bank mortgage lending firms in the country as banks temper their lending activities.
-
Before it launched its public tender offer for UK non-conforming RMBS bonds in the RMAC and RMACS series, hedge fund Clifden IOM No 1 tried to sell the mortgages backing the bonds in a private transaction, angering potential buyers and financiers when they found out the fund did not own the assets. Owen Sanderson reports.
-
Everything’s coming up resi, with the strong US economic background providing firm support for a market that has changed drastically since the crisis.
-
Goldman Sachs is marketing the full capital structure of its EDML 2018-1, an arbitrage-driven Dutch RMBS secured on prime residential mortgages.
-
If the FHFA publishes its ‘conservatorship capital framework’, its secret rules for monitoring the health of the government sponsored enterprises as some members of Congress want, sources say that it could kick start the private risk transfer market for banks, which has been moribund since JP Morgan failed to gain full regulatory support for its risk transfer RMBS program in 2016.
-
Home Equity Lines of Credit (HELOCs) have been given little attention by ABS players since financial crisis, but a combination of rising home prices and a favorable outlook for the real estate market have rejuvenated the asset class, spurring more talk of securitization.
