Latest news
Latest news
'Important to distinguish between a systemic industry issue and a specific operational challenge' says trade body
Investors able to cherry pick deals from wide variety
PRA and FCA go much further than EU in loosening rules
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A Pimco-controlled fund has been appointed operating adviser on a £400m book of UK mortgages, securitized earlier this year by Deutsche Bank’s non-core division. -
The US Securities and Exchange Commission (SEC) reached a civil settlement on Tuesday with a former Goldman Sachs RMBS trader for $400,000 and a two year industry ban over the alleged misrepresentation of the price of bonds sold to the bank’s customers.
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Investors in non-performing loan securitizations are a rare find, so issuers which can move early might be better placed to grab some of the limited capital available.
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There's no true political will to end the dominance of Freddie Mac and Fannie Mae in RMBS. The talk in Washington of restoring the private label RMBS market is driven more by a philosophical push against smaller government than by a coherent plan for change, or a willingness to face the trade-offs it requires.
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The UK’s vote to leave the European Union has placed pressure on the country’s property markets, with prices expected to fall in both residential and commercial property. But the sector, and the banks that serve it, are well placed to withstand the pressure, rating agencies have said.
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TwentyFour Income Fund, a listed fund from TwentyFour Asset Management, the UK asset manager specialising in fixed income, has launched its second capital increase of the summer, to satisfy additional demand and finance the purchase of new securities backed by Dutch consumer loans and British mortgages.
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The UK’s RMBS market shrugged off Brexit. Whether it can survive the Bank of England’s new Term Funding Scheme (TFS) is another matter.
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Sales of Italian assets have driven European loan sales past the figure reached last year, according to a new report from Deloitte, which also said it expects loan sales by the Bradford & Bingley mortgage book owner UK Asset Resolution (UKAR) to boost volumes in the UK market.
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An update from the Consumer Financial Protection Bureau (CFPB) on its TILA/RESPA Integrated Disclosure (TRID) rule failed to address key concerns of RMBS market participants regarding who is left holding the bag if compliance is breached.
