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
More articles
More articles
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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.
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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.
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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.
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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.
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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.
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Paragon Mortgages will wait until next week to price its latest buy-to-let RMBS transaction after putting out initial price thoughts on Thursday. The deal could signal the start of a run of UK RMBS, with a further three potential transactions being prepared for sale in a sterling market looking to get back on track after a recent wobble in both primary and secondary.
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Paragon Mortgages will wait until next week to price its latest buy-to-let RMBS transaction after putting out initial price thoughts on Thursday. The deal could signal the start of a run of UK RMBS with a further three potential transactions being prepared for sale.
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Paragon Mortgages has mandated banks for its 21st RMBS transaction and could price the deal as early as Friday, as it looks to get the sterling denominated market back on track after a recent wobble in both primary and secondary.
