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
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Delta Lloyd paid a small premium to investors for the lack of a standard interest rate swap in its latest RMBS transaction, according to arranger ABN Amro, which has been fielding calls from a number of issuers keen to explore swap alternatives with costs becoming an increasing irritation for RMBS issuers. -
ABS bankers confessed themselves disappointed on Tuesday when they learned Delta Lloyd would not be publicly syndicating its first RMBS since 2012, but they perked up when they saw the Dutch insurer had decided to forego an interest rate swap and instead introduce an innovative cap.
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Fitch Ratings is responding to investor demand for higher yielding, reperforming residential mortgage loan securitizations, which have not previously carried credit ratings, and is looking for ways to rate potential collateral pools.
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The Federal Housing Finance Agency on Tuesday released a request for public comment about a single security type to be issued by government sponsored enterprises Fannie Mae and Freddie Mac.
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Bayview Financial and Bank of America Merrill Lynch are planning a new $93.5m non-performing loan securitization, which could be priced this week.
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US lender RPM Mortgage has launched a new range of loans catering to prime borrowers who fall outside new Qualified Mortgage guidelines, with plans to eventually securitize the resulting collateral. The move comes as mortgage lenders increasingly look to the non-QM demographic, and follows a new industry initiative to revive the moribund private-label RMBS market.
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Spain’s BBVA has suffered a raft of downgrades to three RMBS transactions it originated in 2007, after Fitch Ratings found the volume of distressed loans in the portfolios was understated in the transaction’s regular reporting.
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American Residential Properties Inc (ARPI) has finally obtained ratings for a debut single family rental securitization and has plans to sell a $342m deal backed by 2,880 properties.
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American Residential Properties Inc (ARPI) has finally obtained ratings for a debut single family rental securitization and will this week announce a $342m deal backed by 2,880 properties.
