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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
More articles
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The US Federal Reserve could start reducing its mortgage backed securities holdings in 2017, something that the market may welcome given the drop in supply seen so far this year. -
Data and index provider IHS Markit is in talks with participants in the agency credit risk transfer (CRT) sector to develop a tradeable index that tracks the performance of outstanding CAS and STACR bonds issued by Fannie Mae and Freddie Mac.
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A Lone Star fund has launched a new securitization backed by non-performing Irish mortgages originated by Bank of Scotland, the second deal backed by Irish legacy assets to emerge this week as private equity firms look to exit post-crisis mortgage investments in Europe’s periphery.
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Funds managed by Blackstone and Prudential launched securitization deals backed by their acquisitions of £11.8bn of Bradford & Bingley buy-to-let mortgages from UK Asset Resolution on Tuesday, with a consortium of UK banks set to hoover up the bulk of the notes.
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Oaktree Capital Management affiliate Mars Capital is marketing a securitization of crisis-era Irish mortgages, with a pan-European roadshow taking place this week.
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The £11.8bn sale of two Bradford and Bingley buy-to-let mortgage portfolios to Blackstone and Prudential plc, is likely to lead to securitization, GlobalCapital understands.
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Northview Group priced its latest RMBS offering on Friday at tight spread levels, as investor interest in UK non-bank RMBS remains elevated.
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Two private equity firms that took a punt on the recovery of the Spanish housing market after the financial crisis closed successful trades in the mortgage-backed securities and IPO markets this week. The moves saw them capitalising on investor confidence in the improving macroeconomic picture and outlook for the residential housing market in the country. David Bell reports.
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RMBS investors are keeping a close watch on the credit profile of credit risk transfer (CRT) deals, as home affordability loans start to make their way into deals issued by the government sponsored enterprises (GSEs).
