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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New reports from rating agencies are forcing securitization investors to rethink home rental deals, as rental yields dampen and institutional owners slow their purchases. Many investors are rebalancing their portfolios and turning away from the market, as Standard & Poor’s announced it would not assign triple-A ratings to single-family rental securitizations.
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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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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.