Latest news
Latest news
Public versus private distinction scrapped for disclosure plus new, simplified templates for mature asset classes
Meanwhile, ADMT has set guidance for its $602m non-prime deal
Fortress agrees forward flow for €500m of unique assets
More articles
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Securitizations of single family rental properties backed by loans to multiple property operators have been marketed as the next frontier of new issuance, but one of the first such deals suggests the market might be smaller than expected. -
The European residential mortgage-backed securities market has been dwindling since 2007. If the trend continues, the outstanding bonds could be nearly three quarters redeemed by 2021, according to Barclays analyst Dipesh Mehta.
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A special purpose vehicle believed to be controlled by hedge fund Angelo Gordon & Co, a recent sponsor of RPL RMBS, has purchased $1.08bn in NPLs from Freddie Mac.
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Securitization service provider Clayton has bought two Utah companies that will add to its capabilities in assessing loan performance and valuing real estate assets.
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The bottom tranches of Invitation Homes’ latest single-family rental securitization were seven times oversubscribed on Tuesday. Meanwhile, investors set their sights on the market’s first multi-borrower deals.
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The UK’s much maligned north-south divide extends to the mortgage market, Moody’s has shown with a report that suggests northerners are twice as likely to become “mortgage prisoners” than borrowers in other regions.
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Cerberus Capital's FirstKey Lending is marketing a single-family rental securitization backed by loans to multiple borrowers, following a similar move by Blackstone's B2R Finance on Friday.
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Standard & Poor’s has downgraded most of the securities it had reconsidered following a ratings error which impacted the agency’s default assumptions for 338 legacy, non-agency RMBS ratings.
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Despite Greek RMBS spreads widening to discount margins of up to 725bp as investors sweat over the country’s euro denominated future, there is better value in other products, according to JP Morgan analysts.
