Latest news
Latest news
Deal priced with 3bp premium to ING's Green Lion 2026-1
Specialist lender revives mixed Elstree shelf, after two first lien RMBS trades in 2025
Triton 2026-1 is the largest Australian non-bank RMBS
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Avis Budget Rental Car Funding has completed an offering of $690 million asset-backed securities, the proceeds of which will be used to refinance ABS debt maturing in 2013 with a blended interest rate of roughly 5%.
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Angelo Gordon is preparing to launch the AG Securitized Asset Recovery Fund, which will invest in residential and commercial mortgage-backed securities.
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Long-term arrears in U.K. nonconforming residential mortgage-backed securities have improved from their peak of nearly 21% in 2009, decreasing to around 16%, according to Barclays.
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John Hancock Life Insurance has filed a lawsuit against Ally Financial, alleging that its Residential Capital unit committed fraud for the “wholesale and systematic abandonment of underwriting guidelines” the sale of 50 residential mortgage-backed securities between 2003 and 2007.
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The U.S. Federal Housing Finance Agency has turned down a request by the Department of Treasury to change its policy of not permitting principal write-downs for loans guaranteed by Fannie Mae and Freddie Mac.
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U.S. District Judge Richard Stearns of Boston has rejected a motion by JPMorgan Chase to dismiss a lawsuit charging the bank for mishandling loan modifications, and “gross ineptitude” of a bank unit in connection with loan modifications by prolonging the process, imposing additional fees on loans in default and starting foreclosures after homeowners filed for workouts.
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The mortgage-backed and asset-backed securities markets continued to tighten last week on low supply and the search for relative yield, with analysts at Bank of America Merrill Lynch predicting further tightening of five to seven basis points in short and medium duration paper.
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The mortgage-backed and asset-backed securities markets continued to tighten last week on low supply and the search for relative yield, with analysts at Bank of America Merrill Lynch predicting further tightening of five to seven basis points in short and medium duration paper.
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Rising default rates and uncertainty over the ability of banks to make recoveries leaves Greek RMBS senior noteholders in an increasingly precarious position, ratings agency Fitch has told Euroweek Structured Finance.