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
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The European Commission is consulting until October on ways to deal with Europe’s non-performing loan problem, and has outlined plans for a new contractual instrument, called the ‘accelerated loan security’, to protect secured creditors from default — without enforcing security through the courts. -
Government sponsored enterprise Freddie Mac said it expected multifamily loan originations to hit new highs in 2017, as CMBS market sources eye a bigger portion of the multifamily pie going to agency lenders instead of conduit deals.
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A BlackRock UK mortgage securitization vehicle, London Wall Capital Investments, mandated leads for its second RMBS deal on Tuesday, as several asset managers shift away from traditional buy-side roles and into securitization-funded direct mortgage lending.
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Joint lead bookrunners HSBC and ABN Amro released price guidance on Tuesday for a rare Dutch MBS offering backed by buy-to-let and owner occupied residential mortgages, as well as loans on mixed use commercial properties.
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Trading in non-agency US RMBS was busy last week, with sellers outweighing buyers as the market grapples with the fallout from trustee Wells Fargo’s decision to hold on to investor cash in a handful of crisis-era deals last month.
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A decade after the shutdown of the US RMBS market, private label issuance is picking up steam again, with a growing number of both prime and non-prime lenders tapping hot capital markets for funding away from the government sponsored enterprises (GSEs).
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“What were they thinking?” cried the European ABS market this week as the full impact of what originally seemed like an innocuous ban on an already illegal mortgage product became clear.
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European authorities' last minute change to regulatory proposals for European securitizations has the potential to cripple the supply of MBS backed by legacy mortgages by banning any European transaction that contains what regulators classify as self-certified loans. Sam Kerr reports.
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UK mortgage lender Charter Court Financial Services has priced its latest RMBS deal to strong investor demand and tight spreads.
