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
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The Federal Housing Finance Agency (FHFA) is looking for congressional legislation to make the government sponsored enterprises’ (GSEs) credit risk transfer products easier to buy for real estate investment trusts (REITs), as part of its efforts to grow the credit risk transfer (CRT) investor base.
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Repeat investors in Fannie Mae and Freddie Mac’s credit risk transfer (CRT) deals are looking to move down the capital stack as they get more comfortable with the product and the asset class becomes a regular staple of structured products issuance.
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The US non-prime and non-QM markets have come a long way in repairing the reputational damage caused by the 2008 sub-prime mortgage crisis. -
Basel proposals on how to treat mortgages will hurt Europe’s banks less than feared, according to sources with knowledge of the Basel Committee’s discussions, and other industry insiders at the European Covered Bond Council’s plenary meeting in Düsseldorf this week.
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Permanent TSB has mandated leads for a new Irish RMBS transaction from its Fastnet shelf, backed by a €641m pool of prime residential mortgages.
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Freddie Mac priced its latest STACR deal at record tight levels, with paper at the top of the stack pricing at 80bp over Libor.
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The US House Financial Services Committee, has moved to pass the Financial CHOICE bill, a wide ranging reform of the Dodd-Frank Act which would essentially exempt non-RMBS securitized assets from risk retention.
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The ECB needs to release the regulatory brake on European mortgage markets, said a leading real estate economist at the European Covered Bond Council plenary meeting in Düsseldorf on Wednesday.
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Kevin Blaney, a former MBS managing director and salesman at Jefferies, has been suspended from the securities industry for three months by the Financial Industry Regulatory Authority (FINRA) for misleading customers.
