Latest news
Latest news
It plans to include transactions backed by second lien fixed rate mortgages originated post-crisis
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
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Delta Lloyd’s swapless Dutch RMBS became the European Central Bank’s first primary market ABS investment this week as the central bank tried to kick start the ABS portion of its purchase programme. But fears that participation in the sale will crowd out private investors have already been realised, some bankers say. -
A secondary reoffering of Voba RMBS bonds from Banca Popolare dell’Alto Adige could be at the head of a fresh wave of resales from periphery originators, particularly from Italy, as the secondary market effect of the European Central Bank’s purchases makes the economics of the exercise even more favourable.
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Starwood Waypoint is planning its first single-family rental securitization. The deal would bring total issuance for the asset class, which debuted last year, above $7bn.
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Clydesdale Bank is ready to print its second euro-sterling dual tranche UK RMBS transaction of the year, despite sterling proving a tricky hunting ground for the last couple of issuers who ventured into it with mortgage-backed bonds.
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The wider pricing last week on Fannie Mae’s fourth risk sharing deal under its Connecticut Avenue Securities (CAS) programme was down to market over-saturation of RMBS, both from new risk sharing issuance and investor sell-offs of legacy RMBS, according to market participants.
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Fitch Ratings published its new reperforming loan criteria on Friday, just four days after it had assigned preliminary ratings to a deal that would mark the first rated RPL RMBS issuance since the financial crisis.
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Delta Lloyd cut the guidance on its second swapless RMBS transaction across the offered notes on Monday morning, raising the possibility of the deal being priced virtually in line with more traditionally structured Dutch RMBS.
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Ocwen Financial is allowing open access to its re-launched loan-level database. Investors, and anyone else who signs up for the platform, can analyse Ocwen-serviced loans that back RMBS.
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Delta Lloyd issued price guidance on the A2 and A3 notes of its second swapless RMBS transaction well inside its first this week, but was met with an enthusiastic response for the novel structure from investors who had the deal well covered by Thursday afternoon.
