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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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Cerberus Capital Management is looking to squeeze more value out of its €13bn acquisition of Northern Rock’s Granite portfolio by setting up a new warehouse for a portfolio of terms and conditions loans bought as part of the package.
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Agency MBS is proving to be a bright spot for ABS investors, with the asset class showing solid performance in secondary trading last week.
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A US Treasury-led initiative to spur the recovery of the US private label (PLS) RMBS market announced crucial steps to improve the transparency of the product on Monday.
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The solution Deutsche Bank reached to get rid of a £400m portfolio of non-core mortgages could act as blueprint for smoother sales of legacy assets — which could slow down a growing revenue stream for investment banks in securitization.
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Freddie Mac is marketing STACR 2016-HQA1, the government sponsored agency's second credit risk transfer (CRT) offering of the year.
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Deutsche Bank has sold a £400m book of mortgages to OneSavings Bank, and financed the challenger bank’s purchase by buying notes in the resulting securitization, Rochester No. 2. Morgan Stanley arranged the deal, known as Project Granicus.
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UCI, the Spanish mortgage specialist, has announced its second post-crisis RMBS.
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CaixaBank has structured a huge retained RMBS deal, backed by a €14.41bn portfolio of Spanish mortgages.
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Subprime mortgage lending could be poised for a comeback this year, as originators ramped up production of mortgage loans to risky borrowers in the final quarter of 2015.