Latest news
Latest news
Meanwhile, BNP Paribas hires in structured finance
Aspire's first deal is a $391.28m non-prime securitization
Two lenders entering administration should signal to others: simplify the industry
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UniCredit pre-placed a £208.5m four year securitization of non-conforming UK mortgages inside 100bp this week, following on from a more broadly syndicated trade from Bank of America Merrill Lynch as strong demand for paper helps issuers repackage long-held assets. -
The Bank of England sprung no surprises on Thursday and held interest rates at 0.5%, but new figures showing arrears continuing to fall are the latest in a run of strong data that has some BoE policymakers agitating for action to cool the housing market.
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The Bank of England sprung no surprises on Thursday and held interest rates at 0.5%, but new figures showing arrears continuing to fall are the latest in a run of strong data that has some BoE policymakers agitating for action to cool the housing market.
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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.
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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 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.
