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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Banco BPI had a good response from investors to its tender offer for 10 bonds from its Douro RMBS platform, with the Portuguese bank deciding to buy back 30% of the bonds tendered at prices close to or just above minimum prices. -
Blackstone Group’s buy-to-rent mortgage unit, B2R Finance, which closed its first residential loan in February, intends to source enough supply for a first-of-its-kind securitization of around $300m in size.
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Skipton Building Society has sold the biggest sterling-denominated tranche of UK prime RMBS bonds of the year so far, pulling in a 1.25 times subscribed book for its first deal since 2012.
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Three words may have scored US rental investors a secret success in the Senate’s latest housing reform proposal. The Crapo-Johnson bill, which aims to replace Fannie Mae and Freddie Mac with the Federal Mortgage Insurance Corporation (FMIC), may herald federal involvement in the nascent and controversial home rental securitization market.
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Veneto Banca gathered a three times subscribed book for the first public Italian RMBS deal in three years this week, strengthening ABS syndicates’ appeals to other periphery borrowers to take advantage of invester yield appetite and return to the primary markets.
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Deutsche Bank is understood to be in discussions to write large loans directly to mid-sized home rental investor landlords, in a move that could complicate relationships with its institutional clients that are actively lending to the same borrowers.
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Rental investors may have scored a secret success in Washington thanks to three words in the Senate’s latest housing reform proposal. The Crapo-Johnson bill, which aims to wind down Fannie Mae and Freddie Mac and replace them with a new Federal Mortgage Insurance Corporation (FMIC), contains language that could open the door to government involvement in the nascent and controversial home rental securitization market.
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The books on Veneto Banca’s Claris 2014 RMBS were already over 1.5 times subscribed at initial price thoughts on Wednesday, giving encouragement to syndicate teams trying to persuade Italian issuers that the market is ripe for them to issue.
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Banco Popolare di Vicenza is in the early stages of building a brand new RMBS transaction. The deal might build on the Italian primary market revival, which is being led by a transaction from Veneto Banca this week, the first public issuance to come from the country since 2011.
