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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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Nationale-Nederlanden Bank (NN Bank) is prepping a securitization of a pool of €1.17bn Dutch residential mortgages, its first public RMBS transaction since October last year.
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Former General Motors subsidiary Ally Financial has settled its long-running case with the US Department of Justice over its sale of mortgage securities through Residential Capital LLC in the run-up to the financial crisis.
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The first deal from the UK government’s £3.5bn private rented sector (PRS) guarantee scheme has been sold to investors.
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Freddie Mac this week completed its final sale of whole loan securities for the year.
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The UK government has empowered the Bank of England’s Financial Policy Committee (FPC) to place new limits on buy-to-let mortgage lending. This could boost credit quality, though market players fear the measures may stifle new origination.
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Investors snapped up a rare UK master trust RMBS deal from Lloyds Bank’s Permanent Master Trust, backed by prime mortgages originated by Bank of Scotland.
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The US Federal Reserve will respond accordingly to the fiscal policy of a Republican Congress and the incoming administration of Donald Trump, Fed chair Janet Yellen said during a testimony before the United States Congress Joint Economic Committee on Thursday.
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Deutsche Bank has set up a contractual covered bond programme that risks write-down under Germany's so far untested resolution law. The bonds, which will be used for ECB repo purposes, are backed by assets which aren't eligible for traditional Pfandbriefe and are rated AAA by DBRS.
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The long term future of government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, and the potential to finally recast their role in US housing finance, is back on the agenda under a newly emboldened Republican legislature.