Latest news
Latest news
Investors able to cherry pick deals from wide variety
PRA and FCA go much further than EU in loosening rules
Liberated issuers will still have to follow European regulations if they want to sell in EU
More articles
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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. -
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.
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Permanent TSB has mandated three banks to sell an Irish RMBS transaction, Fastnet 13, offering classes of senior and mezzanine bonds to investors.
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Banks are trying to digest the implications of a new move by the European Central Bank, which would set a deadline by which new non-performing loans should be fully written off. This could spark a rush to declare NPLs before the end of this year, write Owen Sanderson and Jon Hay.
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Puerto Rico’s municipal debt slumped this week after comments from President Donald Trump spooked investors, but the impact on US RMBS investors will be far less immediate as service providers assess the scale of the damage on the island’s properties.
