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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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Towd Point Mortgage Trust is marketing the second rated re-performing loan (RPL) RMBS transaction since the financial crisis, as yields have declined in the sector and new issuers have sought ratings to sweeten the deal for investors.
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The Federal Housing Finance Agency (FHFA) is believed to be considering a reduction in its conventional mortgage guarantee fees in a bid to win back business from the Federal Housing Administration (FHA). -
The Federal Housing Administration’s plan to lower annual mortgage insurance premiums is expected to steer business to Ginnie Mae and away from Fannie Mae and Freddie Mac, but performance should be stronger for notes backed by conventional mortgages.
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Blackstone and TPG have bought UK mortgage servicer Acenden from the Lehman Brothers administrators, adding to a growing portfolio of UK mortgage exposure which also includes specialist lender Kensington.
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Tight European Central Bank purchase programme-eligible ABS spreads in the early part of this year may spark the return of Spanish issuers to the primary markets, said bankers on Thursday. This in turn could provide the ECB with fresh supply to increase the meagre pace of its intervention.
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American Homes 4 Rent plans to launch more single-family rental securitizations this year, having faced little competition in recent property auctions, its CEO told GlobalCapital.
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The ECB’s ABS buying programme is being stymied by a slow buying process which may require memos of up to a 100 pages just to approve purchases, leaving the European ABS market disappointed by the progress of the scheme — and sitting on inventory.
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Blackstone and TPG have bought UK mortgage servicer Acenden from the Lehman Brothers administrators, adding to a growing portfolio of UK mortgage exposure which also includes specialist lender Kensington.
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Reinvestment risk could soon rear its head in RMBS, with declining mortgage rates expected to lead to an increase in mortgage refinancing. That could lead to some RMBS transactions being called.
