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RMBS

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  • OneSavings Bank, which conducts business in the U.K. mainly under the Kent Reliance Building Society name, has sold its first ever U.K. residential mortgage-backed securities deal, a privately placed club transaction that is backed mainly by non-conforming loans originated in 2007.
  • Pepper Australia Pty Limited is set to issue $125m of hard bullet notes to refinance the US dollar tranche of its outstanding Pepper Prime 2012-1 Trust RMBS.
  • OneSavings Bank, which conducts business in the UK mainly under the Kent Reliance Building Society name, has sold its first ever UK RMBS in a privately placed club deal that is backed mainly by non-conforming loans originated in 2007.
  • Swedish mortgage provider Bluestep Finans has unveiled a new capital structure for its Swedish non-conforming mortgage securitization, which now has a senior euro denominated tranche to match investor interest.
  • Firstmac is looking to issue another Australian residential mortgage-backed securities deal only a few months after it sold a deal in June this year.
  • Swedish mortgage provider Bluestep Finans has unveiled a new capital structure for its Swedish non-conforming mortgage securitization, which now has a senior euro denominated tranche to match investor interest.
  • The recovery in the U.S. housing market will not take off until lenders can broaden the credit standards they are using to lend to home buyers, according to the Urban Institute’s Jim Parrott and Moody’s Analytics chief economist Mark Zandi.
  • The potential market for securitizations of real-estate-owned properties that have been converted into rentals is being hindered by an assortment of fees and charges levied by municipalities on such properties, panelists said at Monday’s session on state and local level policy initiatives and private label mortgage-backed securities.
  • A group of housing analysts and investors pushed back against economist Robert Shiller’s recent warning that the U.S. housing market might be heading towards another bubble.