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Latest news
Liberated issuers will still have to follow European regulations if they want to sell in EU
Citi prepares consumer ABS from Abound forward flow
It plans to include transactions backed by second lien fixed rate mortgages originated post-crisis
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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. -
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.
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Credit Suisse subsidiary DLJ Mortgage Capital is sponsoring the first rated issuance of RMBS backed by re-performing mortgages, as RPL RMBS issuers look to tap a larger investor base which has been boxed out of the booming asset class until now.
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Investors are considering the impact that a potential housing recovery could have on rental property vacancy rates in their analysis of single-family rental (SFR) ABS, as pricing guidance was released on another SFR ABS from American Homes 4 Rent.
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BRED Banque Populaire has priced and fully retained its FCT Elide Compartiment 2014-1 mortgage-backed true sale transaction, its first securitization of mortgages since 2012.
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RMBS issuance backed by reperforming loans has picked up this year as issuers have securitized reperforming mortgages to finance ever more acquisitions of scarred loans. Market participants say a new class of investors is primed to jump into the asset class, as Kroll assigns ratings to an RPL deal for the first time.
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FirstKey has mandated two leads for its first RMBS issuance, a $286m deal backed by jumbo mortgages, as the non-agency RMBS market limps towards recovery.
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Wells Fargo will have to decide whether to retain the $39bn in mortgage servicing rights (MSRs) it had planned to sell to Ocwen Financial or find a new buyer, following the announcement last Friday that the parties had cancelled the transaction.
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B2R Finance hired Jason Hogg as its first CEO on Monday. His appointment comes amid anticipation for a multi-borrower single-family securitization from B2R.
