Latest news
Latest news
'Important to distinguish between a systemic industry issue and a specific operational challenge' says trade body
Investors able to cherry pick deals from wide variety
PRA and FCA go much further than EU in loosening rules
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Dutch residential mortgage-backed issuance is expected to outstrip the historically larger U.K. prime RMBS market this year, London-based securitization bankers said.
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Spanish lender Cajamar Caja Rural is preparing the first securitization tender offer of the year, with a plan to repurchase nine residential mortgage-backed bonds and one tranche of a small-to-medium enterprise collateralized loan obligations from bondholders.
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U.K. non-conforming residential mortgage-backed securities could see a sharp divergence between stronger credits in securitized paper and less well-bid names.
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UK non-conforming RMBS could see a sharp divergence between stronger credits in securitised paper and less well-bid names because investors are eschewing indiscriminate buying in secondary markets and are instead becoming more selective about what securitised paper they load up on, according to market officials trading UK non-conforming paper.
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Price talk on Redwood Trust’s latest residential mortgage-backed securities deal is said to have widened out from previous transactions this year, but market players say they don’t expect to see the Mill Valley, Calif.-based real estate investment trust retreat from its big issuance plans for 2013.
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In an effort to eliminate the infamous abuses of repurchase agreement sale accounting illustrated by the demises of Lehman Brothers and MF Global, the Financial Accounting Standards Board reached a decision on Oct. 13, 2012 to restrict collateral providers in repo agreements from treating such transactions as sales. But FASB’s proposed accounting change threatens to make the Federal Reserve’s eventual exit of the latest round of quantitative easing much riskier. -
The Nationwide Building Society Pension Fund invested a total of £150 million ($223.02 million) in residential mortgage-backed securities at the end of last year.
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Moody’s Investors Service is updating the way it measures the impact of sovereign risk on the ratings of certain securitized asset classes in Europe.
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U.S. market players are looking at Australian lender Resimac’s residential mortgage-backed securities deal, which includes a U.S. dollar tranche, as a possible harbinger of more Australian issuers planning to test the U.S. investor base this year.
