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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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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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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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BNP Paribas has been said to cut around 30 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.
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A Consumer Financial Protection Bureau deputy and a leading House Democrat are the latest policymakers to scrutinize the mortgage servicing industry in what has been a month of bad news for non-bank servicers including Ocwen Financial. The wide range of criticism has some onlookers questioning some critics’ motives.
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Obvion has priced its first Storm residential mortgage-backed securities of the year, privately placing EUR1 billion ($1.37 billion) of senior notes with investors looking for longer dated exposure.
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Obvion has priced its first Storm RMBS of the year, privately placing €1bn of senior notes with investors looking for longer dated exposure.
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Obvion has priced its first Storm RMBS of the year, privately placing €1bn of senior notes with investors looking for longer dated exposure.
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Joint venture Dwell Finance is joining the ranks of institutional lenders originating middle market loans to home rental investors, but it plans to offer loans much smaller than other similar lenders, such as those owned by Blackstone, Cerberus, and Colony Capital.
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New performance data on Blackstone’s inaugural home rental securitization shows higher vacancy and delinquency rates than underwriters accounted for, but the levels are still line with, or below, what rating agencies estimated.