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
-
Despite the turmoil in the wider Russian markets, the Russian domestic asset-backed market may still have a bright long term future — but the asset class will need heavy support from state institutions.
-
The European Investment Bank and Société Générale’s asset backed commercial paper conduit are buying parts of a new residential mortgage backed security for a group of Italian cooperative banks, according to a prospectus filed with the Central Bank of Ireland.
-
Starwood Waypoint Residential Trust filed an SEC notice on Friday stating that the company’s chief accounting officer John Farias resigned from his post on Monday. His resignation comes as Starwood Waypoint seeks to finalise its first single-family rental securitization.
-
This year’s European ABS issuance volumes have only just crept above those of 2013, but there has been a greater variety of deals encouraged by tighter spreads and the resurgence of certain asset classes. Banca Popolare dell’Alto Adige’s resale of RMBS notes this week exemplifies a trend that is set to strengthen in 2015 as deal economics improve.
-
An Italian public holiday could keep Banca Popolare dell’Alto Adige from pricing its secondary reoffering of RMBS notes until the middle of this week, with accounts also taking time to do credit work on the rare name. -
Paragon Mortgages is set to add £23.4m of prefunded loans to the portfolio backing its 21st residential mortgage backed transaction this week, though the move will not affect the deal’s ratings.
-
The Bank of England has warned that raising interest rates from their record low of 0.5% could increase the number of UK mortgage borrowers at risk of falling into arrears by a third, as stagnant incomes remain a key concern for the UK economy.
-
Clydesdale Bank’s Lanark 2014-2 RMBS transaction was priced this week with a euro portion €250m larger than the issuer’s previous offering, reflecting a large bid for euro denominated UK RMBS as investors snapped up some of the last supply of the year.
-
Price guidance for the senior tranche of Starwood Waypoint’s first single family rental securitization was released on Thursday, and it was 10bp higher than bank syndicates’ initial price thoughts. Widening for the senior tranche was offset by tighter than expected guidance at the bottom of the deal’s waterfall.
