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
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The number of Dutch borrowers with mortgage loans exceeding the value of their home fell in the third quarter as home price appreciation accelerated, according to Calcasa. -
UniCredit is seeking an Italian government guarantee for the senior tranche of a portfolio of securitized non-performing loans after gaining an important rating from Moody’s and DBRS on the notes, allowing it to go forward with its “failure is not an option” (FINO) asset disposal plan.
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Mars Capital managed to price Grand Canal Securities 2, a securitization of Irish NPLs, at relatively tight levels even though the subscription ratio was relatively thin on mezzanine notes.
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With three weeks in the year still to go, US securitization volume has reached a post-crisis high of $474bn, according to S&P Global Ratings.
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Nordea’s blowout additional tier one (AT1) offering on Tuesday took the instrument into unchartered waters in terms of pricing — beyond where some regular AT1 investors were willing to go. In covered bonds, supply-demand dynamics continue to favour issuers.
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UK buy-to-let (BTL) mortgages are set to undergo a green revolution, with the introduction of regulations that could create a new energy efficient UK RMBS asset class, said DBRS.
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The Reserve Bank of New Zealand (RBNZ) is consulting on boosting the quality of mortgages that secure bonds used for repo purposes. This should improve liquidity for domestic banks, but siphoning off the best quality mortgages could hurt collateral quality for distributed covered bond and RMBS deals.
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Independent servicing group Mount Street is working on obtaining a Greek servicing licence, as interest in portfolio sales from the country heats up.
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A pair of RMBS deals from Angel Oak and JP Morgan hit the market this week, following an offering from non-prime mortgage aggregator Invictus Capital Partners and a non-QM deal from Ellington.
