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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
More articles
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Bayview Asset Management caught the eye of RMBS market players by issuing the first ever deal repackaging outstanding credit risk transfer (CRT) securities issued by Fannie Mae and Freddie Mac late last week. -
Despite a rush of new deals in recent weeks, European ABS deals are seeing healthy demand through the capital structure. French RMBS supply was well absorbed last week with Dutch and UK paper expected to hit the market this week.
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A number of single family rental (SFR) properties were damaged by the devastating Hurricane Matthew but, according to Moody’s, the effect on transactions should be minimal.
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US private equity giant Cerberus Capital Management has bought the final £2.3bn portion of Permanent TSB’s Capital Home Loans portfolio, adding further likely supply of UK RMBS to the pipeline.
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Achmea Bank is preparing its second swap-less Dutch RMBS deal, as supply levels creep above what some analysts had expected this year.
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UK chancellor Philip Hammond fired the starting pistol on the government’s sale of a £16bn portfolio of former Bradford & Bingley buy-to-let mortgages on Tuesday, in what will be the largest sale of assets by a European government.
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Austrian bank Bawag is lining up a debut prime RMBS deal for funding purposes, backed by a portion of Northern Rock mortgages acquired from UK Asset Resolution as part of the £13bn Granite sale last year.
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The US housing market saw a slowdown in construction as new build starts fell for a second straight month in September.
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Private equity firms and asset managers have jumped on a recent spread rally in ABS to lock down lucrative deals at attractive rates. The introduction of new, more aggressive structural features is a sign of the changing issuer base, but investors are starting to push back, writes David Bell.
