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 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.
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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.
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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.
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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.
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Freddie Mac is marketing its first ever credit risk transfer (CRT) deal backed primarily by re-performing mortgages.
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Obvion, the most prevalent issuer in the Dutch RMBS market this year, sold its fifth transaction of the year on Wednesday, a €600m deal backed entirely by seasoned mortgages guaranteed by the Dutch national mortgage guarantee scheme (NHG).
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UniCredit kick-started a process on Tuesday to offload a bad loan portfolio of €17.7bn to securitization vehicles that will be controlled by US investment management firms Fortress Investment Group and Pimco.
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Rabobank, the largest mortgage lender in the Netherlands, announced on Tuesday that it was seeking to register a new Dutch covered bond programme.
