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
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Bank of America Merrill Lynch and Deutsche Bank are set to price four tranches of non-conforming UK RMBS notes from the restructured Lehman Brothers Eurosail-UK 2007-4BL transaction on Friday, which bankers said would appeal to a shallow but yield hungry sterling buyer base.
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WinWater Mortgage is the latest in a group of jumbo RMBS issuers marketing new deals this week. Issuers are not expected to have much trouble launching their deals as investors, who struggled to get their hands on new paper last year, prepare for an increase in new RMBS issuance this year.
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Standard & Poor’s $1.37bn settlement with the Department of Justice over the agency’s crisis-era RMBS ratings might have resulted in a flurry of class action fraud cases against S&P, had the settlement been reached earlier. -
The rising number of distressed loans in some of Banca Popolare di Vicenza’s more seasoned mortgage portfolios has prompted Fitch to downgrade two tranches of notes in the Berica RMBS series, which made a comeback to fresh primary issuance last year.
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Freddie Mac’s last STACR issuance had lowered expectations that the Federal Housing Finance Agency (FHFA) would reduce its guarantee fees, but the deal could just be an aberration from the norm.
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William Shuey has joined Opus Capital Markets Consultants as the due diligence provider’s director of securitization. He will oversee securitization processes with a focus on RMBS compliance, Opus announced on Monday.
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The US’s Federal Housing Finance Agency and the Federal Housing Administration are locked in yet another round of fisticuffs, with market share as the prize. If the private label RMBS market is to return, the government needs to stop hitting itself.
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The two decade long bull market in Swedish property has left it 20%-30% overvalued, according to research from Scope Ratings, which believes exposure to domestic real estate presents a key risk to the Swedish banks it rates.
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Angel Oak Mortgage Solutions is launching an online platform to underwrite non-QM (qualified mortgage) loans which are expected to serve as collateral for new securitizations.
