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
More articles
More articles
-
With the U.K.’s primary residential mortgage securitization market still dormant almost a month into 2013, market players in London are forecasting much smaller-sized offerings once the U.K. lenders do return to market.
-
Mill Valley-Calif.-based Redwood Trust has hit the market with its second residential mortgage-backed securities deal in one month in what industry insiders called an aggressive move for the private-label market’s most frequent issuer.
-
Dutch RMBS issuers enjoyed post-crisis record tight prints this week, with Obvion and NIBC selling five year notes comfortably inside 100bp. Those spreads could tighten further, bankers said, though Dutch paper will continue to offer a healthy premium over UK RMBS.
-
NIBC will price the two year tranche in Dutch MBS XVIII in line with where Obvion on Tuesday sold the equivalent tranche of Storm, the Netherlands’ leading RMBS programme.
-
Mill Valley-Calif.-based Redwood Trust has hit the market with its second residential mortgage-backed securities deal in one month in what industry insiders called an aggressive move for the private-label market’s most frequent issuer.
-
NIBC Bank issued price guidance on its EUR526.5 million ($699.1 million) Dutch MBS XVIII residential mortgage trade Wednesday afternoon, with the initial levels indicating solid demand for Dutch RMBS amongst investors ahead of the expected launch and pricing Thursday morning.
-
The way rating agencies rate structured finance transactions will come under greater scrutiny from the European Securities and Markets Authority this year, amidst sustained concerns over high outstanding securitization volumes and continued ratings volatility in the region.
-
NIBC Dutch MBS XVIII started taking indications of interest on Wednesday morning with initial price thoughts inside outstanding levels, taking advantage of the jolt to the Dutch RMBS rally provided by Obvion’s record tight Storm print on Tuesday.
-
Bank treasuries were the biggest buyers of Obvion’s Storm 2013-1 RMBS when it priced on Tuesday, helping to drive the transaction to the tightest pricing for a Dutch RMBS since the financial crisis.