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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Freddie Mac’s first risk-sharing transaction to offer part of its first loss piece to investors was oversubscribed across all tranches, a person close to the deal told GlobalCapital. The $880m deal, priced on Wednesday, is Freddie’s first STACR issuance of the year. -
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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Federal Housing Finance Agency director Melvin Watt fought off criticism of the agency’s move to loosen underwriting standards at Fannie Mae and Freddie Mac during a hearing in front of the House Financial Services Committee on Tuesday.
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Charter Court Financial Services limited, which priced the third securitization under its Precise Mortgage Funding programme in November, has gained approval from the UK regulator to set up a retail savings bank, a move which the firm described as “only positive” for its RMBS programme.
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Investors in servicer advance securitizations by Ocwen affiliate Home Loan Servicing Solutions (HLSS) will see their notes amortized early if allegations by investment firm BlueMountain Capital prove true, market participants said on Monday.
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Investors in RMBS backed by mortgages serviced by troubled special servicer Ocwen Financial made allegations of their own last week, as investment firm BlueMountain claimed that some Ocwen-serviced notes had defaulted.
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Lender intervention has improved Greek RMBS performance as a significant portion of defaulted loans have reverted back to less critical delinquency or even performing status, according to a report from Fitch.
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Sole bookrunner Deutsche Bank may offer investors an extra 10bp on the senior tranche of Progress Residential’s latest single family rental securitization, if the deal prices in line with guidance released on Thursday.
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Triple-A Dutch RMBS spreads in the three to five year bucket hit their lowest level since 2007 this week, helped by a stronger than expected rally in the housing market at the end of last year. But tighter lending criteria are expected to dampen a more widespread recovery in larger properties.
