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RMBS

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  • Spanish mortgage provider Unión de Créditos Inmobiliarios bought back slightly more than the €300m of RMBS that it originally targeted, helped in part by Spanish RMBS cash prices falling during the tender offer period.
  • One of the municipalities freshly considering a plan to use eminent domain to seize underwater mortgages may buck industry concerns and move ahead with it, according to a public official examining the maneuver.
  • FirstMac priced its five-tranche Australian residential mortgage-backed securities deal, which included a £92 million ($142.81 million) sterling tranche, while Credit Union Australia made a solid start to the bookbuild for its Harvey Trust 2013-1 RMBS.
  • Clydesdale Bank priced its Lanark 2013-1 U.K. residential mortgage securitization on Friday afternoon.
  • Guidance on Clydesdale Bank’s Lanark Master Issuer 2013-1 UK residential mortgage securitisation was set on Wednesday, with pricing expected just after the New York opening on Friday.
  • Clydesdale Bank priced its Lanark 2013-1 UK residential mortgage securitisation on Friday afternoon, with the dollar tranche coming at the wide end of guidance at the end of week of deteriorating market sentiment.
  • Guidance on Clydesdale Bank’s Lanark Master Issuer 2013-1 UK residential mortgage securitisation was set on Wednesday, with pricing expected to begin at the start of next week.
  • Jacksonville, Fla.-based EverBank is marketing its second-ever residential mortgage-backed securitization, in a week tipped to see around $900 million in private-label issuance.
  • Credit Union Australia has joined the ranks of Australian issuers tapping the residential mortgage securitization market this year, mandating for an AUD500 million ($476.6 million) deal that leads aim to price by next Wednesday.