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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US Congressman Mark Takano is urging regulators to intensely scrutinise securitizations of single-family rental properties, such as the deal American Homes 4 Rent is marketing this week. He fears that institutional investors are pushing out first-time homebuyers and that these dynamics could introduce new risks into the public markets, just as housing begins to recover. He spoke with GlobalCapital’s Matt Scully about his concerns. -
Invesco Mortgage Capital (IVR) is hoping to scrape together enough new originations for two more non-agency mortgage-backed securities this year. The securitizations would likely resemble the $271m deal they sold last week, but the dearth of new originations could make it difficult to gather collateral, people familiar with the plans said.
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Bayview Financial has pulled from the market its $185m securitization of subprime residential mortgages, following Fitch Ratings’ public rebuke of Standard & Poor’s preliminary triple-A ratings.
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Blackstone is to follow up its market-opening rental property securitization with a new deal that will be twice the size, as American Homes 4 Rent tees up a similar $482m deal and American Residential Properties prepares its own transaction.
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US Congressman Mark Takano is urging regulators to scrutinise securitizations of single-family rental properties, such as the deal American Homes 4 Rent is marketing this week. He fears that institutional investors are pushing out first-time homebuyers and that these dynamics could introduce new risks into the public markets, just as housing begins to recover. He spoke with GlobalCapital’s Matt Scully about his concerns.
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Swiss private bank EFG International has mandated banks for an inaugural RMBS transaction from its UK branch, which will be backed by high value mortgages on properties in and around London.
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Invesco Mortgage Capital (IVR) is hoping to scrape together enough new originations for two more non-agency mortgage-backed securities this year. The securitizations would likely resemble the $271m deal they sold last week, but the dearth of new originations could make it difficult to pull together enough collateral, according to people familiar with the plans.
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American Homes 4 Rent and Goldman Sachs will on Wednesday host investors at the Four Seasons Hotel in New York for the second roadshow of the property investor’s debut rental securitization. The deal was announced as investors step back their purchases of single family residential properties amid weaker March home sales and a rise in home prices that has cut US homeownership to a 19 year low.
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Credit Foncier is still waiting to launch its French RMBS, following the end of its roadshow last week, as yesterday’s UK holiday and holidays elsewhere, including Hong Kong, on Tuesday mean this week may not be ideal for execution.
