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Meanwhile, ADMT has set guidance for its $602m non-prime deal
Fortress agrees forward flow for €500m of unique assets
Cash SRT pipeline fires up earlier than usual
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Freddie Mac priced a new iteration of its credit risk transfer (CRT) residential mortgage-backed securities (RMBS) product on Thursday, with investors saying that the agency CRT market is becoming the most liquid and tradeable way of accessing US housing credit.
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Asking prices for London property fell by 2.5% annually in October, reflecting a growing belief among UK mortgage lenders and investors that the capital’s property boom is slowing, though there is little panic among RMBS market participants.
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Yorkshire Building Society is selling its first RMBS of the year, continuing the steady surge in UK prime issuance seen since the summer.
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The Co-operative Bank sold more than £1.7bn ($2.24bn) of UK mortgage notes in its latest Warwick transaction on Friday, surprising many in the market who had little idea that the issuer was actively marketing a new deal.
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UK mortgage lender Belmont Green priced its debut £243.5m RMBS deal late on Thursday, with the bonds heavily bid at the mezzanine level of the capital stack.
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Goldman Sachs has bought Genesis Capital, a US mortgage firm that finances residential real estate development loans, as a long period of house price increases drives loan origination in that sector prompting expectations of more securitization activity.
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The record tight pricing of Agos Ducato’s Sunrise consumer ABS transaction this week showed that European investors are hot for Italian debt despite the country's political and economic turmoil. But sources speaking to GlobalCapital said that their foray into Italy is just the latest example of European buyers' desperate hunt for yield.
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A joint debt management platform formed by Portugual's largest banks is moving ahead with plans to ease the country's non-performing loan burden.
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Online mortgage lender LendingHome, which launched a master securitization trust last year, is exploring the option of bringing its first rated securitization, according to CEO Matt Humphrey and CFO Robert Stiles.