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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
More articles
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Dutch insurance company Aegon will begin a roadshow on Wednesday for a new Saecure RMBS that will be backed entirely by government guaranteed (NHG) mortgages.
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The fourth quarter of 2013 saw UK financials finally start to access the Funding for Lending (FLS) scheme in meaningful size, in the last quarter before the scheme shuts out household credit and mortgages to focus on SME and business lending. -
A California municipality has obtained the second highest rating approval for bonds secured by payments for home-installed clean energy retrofits, overcoming objections from the Federal Housing Finance Agency.
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UK-based credit investor Venn Partners has announced it will securitize a €481.5m portfolio of Dutch mortgages that it bought at the end of last year from GE Artesia Bank.
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The percentage of do-not-trades on non-agency RMBS in the U.S. secondary market has hit the highest mark in a month, adding to earlier signs that the space is weakening.
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Redwood Trust is turning away from the slow private-label business and is putting its eggs in the agency loan basket with goals of acquiring $1bn in conforming loans per month, executives reported this week.
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UK lender Paragon Group will meet investors next week ahead of a new UK buy-to-let RMBS, the first of potentially two to three securitizations the mortgage provider plans to sell this year.
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BNP Paribas is said to have cut around two dozen employees from its New York front office, including its MBS desk, with a managing director, a head bond trader and the team’s head of interest rate sales among the casualties. The bank has also appointed three staffers to co-head the mortgage bond sales and trading group.
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New reports from rating agencies are forcing securitization investors to rethink home rental deals. On Thursday, Standard and Poor’s announced it would not assign triple-A ratings to single-family rental securitizations.
