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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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. -
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.
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Dynamic Credit, the Dutch fixed income asset management firm, has stepped into the RMBS market for the first time with a debut €275m Dutch mortgage deal that sold the full capital structure.
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GE Money Bank in France, bought by US private equity firm Cerberus Capital Management in June, will tap the French RMBS market for a second time this year.
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Issuers have come to market with only a handful of single family rental (SFR) securitizations in 2016, but a spate of recent deals shows that issuance should continue in fits and starts as aggregators of rental homes use ABS for balance sheet relief.
