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
More articles
-
Investors had taken the order book for Obvion’s single tranche Dutch RMBS to well over €2bn on Thursday, despite the lender pricing five year notes where it was pricing two years barely six months ago.
-
Market participants expect Freddie Mac to come to market more frequently with non-performing loans, with the government sponsored enterprise’s next NPL sale expected to come as soon as April. -
Rabobank and Société Générale have guided investors to high 20bp area for Obvion’s single five year tranche of Dutch RMBS in Storm 2015-1, the latest benchmark for a market entering new territory at the tight end.
-
Australia based Bluestone is looking to sell up to seven tranches of notes in its securitization of buy-to-let mortgages acquired in its takeover of Basinghall Finance.
-
Australia based Bluestone Group has begun marketing its debut UK RMBS, as demand for deals non-eligible for European Central Bank purchase supports the non-prime market.
-
The US business model for servicing delinquent loans is fundamentally flawed and incentivises a system of cutting corners at the expense of borrowers and investors.
-
Ocwen Financial had success with recent sales of agency mortgage servicing rights, but its non-agency MSR book is thought to be the real source of risks for RMBS investors.
-
Capital market illiquidity is becoming an ever more important issue for European ABS issuers, with an inverted Dutch RMBS curve pushing Obvion to abandon the typical two and five year structure for its latest Storm deal.
-
The very visible hand of the European Central Bank managed to guide the first Portuguese RMBS since the financial crisis to market this week, writes Tom Porter.
