Latest news
Latest news
PRA and FCA go much further than EU in loosening rules
Liberated issuers will still have to follow European regulations if they want to sell in EU
Citi prepares consumer ABS from Abound forward flow
More articles
More articles
-
Paragon Mortgages priced its buy-to-let RMBS at the wide end of revised guidance on Tuesday, and though the deal was comfortably covered it was another example of sterling investors refusing to chase primary deals tighter in recent weeks. -
BNP Paribas is set to retain over €1bn of RMBS notes backed by French residential mortgages, as spreads in the asset class remain too high to tempt French issuers away from covered bonds for funding purposes.
-
Paragon Mortgages 21 was set to be priced on Tuesday afternoon, via Lloyds, Macquarie, Morgan Stanley and Natixis, while Charter Court lines up another non-bank UK RMBS, Precise 2014-2, arranged by Credit Suisse.
-
American Homes 4 Rent is planning to buy more single-family rental properties to back another fixed rate securitization, but only if the price is right, the company’s executives said during an investor conference call on Monday.
-
US government-owned mortgage guarantors Fannie Mae and Freddie Mac on Monday signed an agreement to capitalise and operate a new entity to operate the Common Securitization Platform, which will eventually sell a single type of security pooling mortgage loans from both firms.
-
Invitation Homes’ fourth single-family rental (SFR) securitization was priced at 130bp over Libor on Monday — some 20bp wider than the issuer's last deal. Spreads have widened in the asset class over the last few months but some analysts think investors are still underestimating operational risks.
-
Bank of Cyprus has completed the sale of its £289m UK loan portfolio to Mars Capital and Camael Mortgages, with bankers predicting more divestments from Europeans as they look to boost their capital positions in the wake of the European Central Bank’s health check.
-
Moody’s Analytics is looking for two full time researchers to create research papers and webinars showcasing data from its Structured Finance Portal, which was initially focused just on CLOs but is growing into ABS and RMBS — a process which will be sped up by Moody’s Corporation’s acquisition of data provider Lewtan.
-
RMBS backed by mortgages serviced offshore could end up with performance problems due to high turnover among oversees employees inexperienced in dealing with unique borrower queries or complaints, according to a ratings agency report. The report cites loans serviced by Ocwen, CitiMortgage, JP Morgan and Bank of America, among others.
