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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 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. -
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.
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The decision by departing Housing and Urban Development (HUD) director Julian Castro to cut the Federal Housing Administration (FHA) mortgage insurance premiums by 25bp has been met with a mixed response from the mortgage finance industry.
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Obvion, the most active issuer in the Dutch RMBS market last year, will kick off the market in 2017 with a new prime transaction from its Storm shelf.
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Three senior tranches of a French RMBS transaction retained by GE Money Bank in France last year will be syndicated in the public market, opening up the European primary ABS pipeline in 2017.
