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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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Morgan Stanley closed on Wednesday its Delft 2017 securitization of legacy Dutch nonconforming mortgages, originated by a former Lehman Brothers lender. -
Obvion priced its €2bn Storm 2017-1 RMBS at a record low spread for for five year Dutch RMBS paper since the financial crisis, and the lender has said it will continue to look to build on its range of RMBS transactions.
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The latest figures from the Mortgage Bankers Association show a small increase in mortgage applications during the first week of January, but year over year volume is down sharply.
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The European ABS market is riding a wave of what market participants describe as “mass bullishness” that is encouraging opportunistic sellers to securitize legacy assets, some of which date back to before the credit crisis. David Bell reports.
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Swedish lender Bluestep Bank is said to be considering a new non-conforming RMBS deal, with the lender expected to host an investor day this month.
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Morgan Stanley is preparing a securitization of legacy assets originated by Lehman Brothers’ former Dutch mortgage lending unit.
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Fannie Mae and Freddie Mac are set to change the structure of their credit risk transfer (CRT) programmes, looking to entice more investors and offer more attractive yields in the coming year.
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The move by the US Housing and Urban Development (HUD) secretary Julian Castro to reduce mortgage insurance premiums is a politically motivated one designed to pressure the incoming Trump administration. As such it brings the agency into the political arena at a time when non-partisanship should be the goal of one of the foremost housing authorities in the US.
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Redwood Mortgage sold the first prime jumbo RMBS transaction of the year on Wednesday, pricing a $339.5m deal from its Sequoia Mortgage Trust series.
