Latest news
Latest news
It plans to include transactions backed by second lien fixed rate mortgages originated post-crisis
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
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A large all-or-nothing bid list for a legacy, non-agency RMBS resecuritization is set to trade this Friday and has been moving markets, traders have told GlobalCapital.
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Five Oaks Investment Corp is on pace to acquire enough jumbo mortgages to launch its own securitization platform by the second quarter, the company announced on Monday.
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Paragon Mortgages is looking to leverage good demand for the senior notes of its Paragon 22 buy-to-let RMBS, with leads testing 10bp inside initial guidance on the euro portion. -
Santander UK has set a £1bn maximum size on its three tranche, dual currency Fosse UK master trust RMBS, after pulling in demand equivalent to over £1.6bn.
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Many mortgage servicing rights transfers have not complied with rules finalised by the Consumer Financial Protection Bureau two years ago, according to a staffer at the agency.
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Regulators should loosen their scrutiny of special mortgage servicing companies, like Ocwen Financial and Nationstar mortgage, to avoid a capacity crunch in the sector, said industry heads on Monday.
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Santander UK left ABS Vegas last month in little doubt about the level of demand for more dollar denominated securitizations, and has duly obliged with its latest UK prime RMBS.
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Investors have shown a slight preference for the euro portion of Paragon’s latest buy-to-let RMBS, while guidance on the sterling portion is 5bp wide of its last deal.
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Australia-based Bluestone Group has begun marketing its debut buy-to-let UK RMBS, as demand for deals out of reach of the European Central Bank supports more esoteric products.
