Latest news
Latest news
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
More articles
-
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. -
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.
-
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.
-
The arrival of the Bank of England’s Term Funding Scheme sparked fears that it would be the death of the UK mortgage-backed securities market. But while some bank issuers may scale back public bond plans in 2017, a sharp rally in spreads has brought new sellers into play, changing the nature of the market. David Bell reports.
-
Credit Suisse and Deutsche Bank have settled with the US Department of Justice, putting an end to some of the worst uncertainties hanging over both banks. But Barclays said that it had been sued by the DoJ in connection with RMBS underwriting, and that it was going to fight the case.
-
The European Court of Justice ruled against the Spanish banking sector on Wednesday, a surprise judgement which could hit the capital ratios and interest income of several banks in the sector, including BBVA.
-
GE SCF, the French covered bond programme originally issued by GE Money Bank France, has been emptied of its mortgage collateral and effectively converted to a public sector programme.
-
The long wait for the US Federal Reserve to hike interest rates ended this week and implications for further tightening produced a mixed outlook for ABS markets.
-
Freddie Mac is marketing its first ever credit risk transfer (CRT) deal backed primarily by re-performing mortgages.
