Latest news
Latest news
Investors able to cherry pick deals from wide variety
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
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New deals in rare asset classes and legacy paper are keeping the summer slowdown at bay this week as jumbo RMBS from Citigroup, WinWater, a new single-family rental transaction, and a handful of esoteric ABS deals fill into the US pipeline. -
Real estate investment trust Altisource Residential is ramping up its credit facilities in a bid to securitize a pool of non-performing loans, which could be packaged and sold this year.
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Colony American Homes, one of the US's largest institutional investors in single-family properties, is marketing its second sale of bonds backed by rental payments, as spreads on the firm’s first issuance widen in secondary trading.
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George Osborne announced on Thursday that the Bank of England will gain powers to curb risky mortgage lending as the government aims to head off a house price bubble. His statement, at his annual Mansion House speech, follows a decision by Lloyds Bank two and a half weeks ago to cap the size of its largest mortgages.
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Banca Popolare di Vicenza has mandated banks for a long awaited brand new RMBS deal from its Berica platform, looking to extend a good recent run of public issuance from Italy into the summer as investors continue to push down spreads in periphery Europe.
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Lloyds Bank is reacting to a surge in UK house prices by placing caps on the size of its largest mortgages, a top bank executive said on Thursday, one day after Christine Lagarde, head of the International Monetary Fund, called on the Bank of England to follow through with such measures.
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Banca Popolare di Vicenza has mandated banks for a long awaited brand new RMBS deal from its Berica platform, looking to extend a good recent run of public issuance from Italy into the summer as investors continue to push down spreads in periphery Europe.
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Principality Building Society won plaudits from ABS bankers this week after its second ever visit to the RMBS market bettered its first effort by £200m and pulled in a number of new investors.
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More pressure was heaped on the UK government this week as figures showed house price growth increased to 11.1% in May. The news came as a survey from Barclays analysts suggests too many borrowers are relying on rising prices to manage interest-only debt and the actions of servicers are still vital to protecting RMBS performance.
