Latest news
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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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The 25 U.S. banks with the largest portfolios of mortgage-backed securities reduced their MBS holdings by $42.67 billion in the third quarter 2013, according to JPMorgan.
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Spreads on the senior mezzanine bonds from Fannie Mae’s recent risk-sharing transaction, CAS 2013-C01, widened last week and are now trading in line with equivalent bonds from Freddie Mac’s two risk-sharing deals, STACR 2013-DN1 and DN2.
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Three-month mortgage arrears in Dutch residential mortgage-backed securities transactions crept upwards again to the end of the third quarter, according to Fitch Ratings.
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Three month mortgage arrears in Dutch RMBS transactions crept upwards again to the end of the third quarter, according to Fitch Ratings. But further rises could be mitigated by new servicing measures being introduced in the Netherlands that are akin to the more interventionist measures used in the UK.
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Freddie Mac’s announcement today that it bought insurance coverage to cover $77.4 million of credit loss from a pool of single family loans from 2012 was greeted with surprise in some quarters.
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Institutional investors in U.S. coastal and metropolitan rental markets are driving competing housing prices towards bubble-year peaks, according to Fitch Ratings analysts.
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The success of Blackstone’s breakthrough securitization of single-family rental units is expected to spur other large institutional investors with similar portfolios to the market next year, but some—especially smaller players with an eye on securitization—are still in wait-and-see mode.
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Jumbo residential mortgage issuer Redwood Trust is employing a number of strategies to recover from a poor earnings quarter and adjust to the slowdown in the private label residential mortgage-backed securities market.
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UK-based Charter Court Financial Services is preparing to hit the road with its first UK residential mortgage-backed securitization, with Credit Suisse mandated to bring the deal to market as sole arranger and lead manager.