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RMBS

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  • In a move that shows how banks can counteract ratings pressure, Santander UK has pre-empted a possible downgrade by changing a trigger in its Holmes master trust documentation.
  • As a big month for Dutch RBMS redemptions looms, SNS Bank is toying with swap-free RMBS structures for sale in the fourth quarter, EuroWeek understands.
  • As a big month for Dutch RBMS redemptions looms, at least one bank is toying with swap-free RMBS structures for sale in the fourth quarter, EuroWeek Structured Finance understands.
  • Clydesdale Bank will begin roadshowing its second post-crisis U.K. residential mortgage-backed securities trade, Lanark Master Issuer Plc Series 2012-2, Thursday, with the issuance size expected to be in the region of £750 million ($1.16 billion) equivalent.
  • Clydesdale Bank is preparing to meet UK and US accounts with an eye on its second sale of RMBS this year from its Lanark master trust.
  • RMBS pools are set to suffer under incoming Irish insolvency legislation, which will increase banks’ losses on existing mortgage loans, Moody’s warned on Wednesday.
  • Clydesdale Bank is getting ready to come to market with its second post-crisis U.K. residential mortgage-backed securities trade.
  • In a move that shows how banks can counteract ratings pressure, Santander UK has pre-empted a possible downgrade by changing a trigger in its Holmes master trust documentation.
  • Mortgage servicers participating in the U.S. Department of Treasury’s second-lien Home Affordable Modification Program have started loan workouts on 70% of the second liens eligible, up from 50% in January.