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The private equity giant previously did RMBS deals from its BINOM shelf.
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
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The percentage of loans paying off on their balloon date rose to 32.2% in June from 29.4% in May but remained near its 12-month low, according to Trepp.
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The use of eminent domain by San Bernardino County, Calif., to seize underwater mortgages could have a negative impact on the performance of private-label residential mortgage-backed securities, according to Fitch Ratings.
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The mortgage settlement between U.S. state attorneys general and the nation’s five largest mortgage servicers has had “marginal impact” on the performance of private-label residential mortgage-backed securities, so far, according to Fitch Ratings.
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The U.S. Government Accountability Office has criticized the Federal Reserve Board and the Office of the Comptroller of the Currency for failing to adequately provide troubled homeowners with information on how they can obtain monetary relief.
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Fitch Ratings has updated the criteria it uses to monitor and analyze outstanding U.S. residential mortgage-backed securities for potential rating changes, including a revised model for the prime sector; changes to servicer advancing assumptions for delinquent loans; the use of principal recovery percentages rather than break loss/loss coverage ratios to determine ratings; and revisions to how distressed ratings are determined, among other things.
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The Office of the Comptroller of the Currency is warning banks about taking excessive risk in an effort to improve profitability in a weak and volatile market.
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An initiative being considered in several municipalities in San Bernardino County, Calif., proposing that local governments may seize mortgages through the laws of eminent domain in order to help underwater borrowers to refinance sets a dangerous precedent, market players say.
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UAE housing provider Tamweel has postponed its RMBS sukuk, having been poised to issue the deal last week. The complexity of the structure and lack of comparable transactions are among the factors weighing on the deal, although Tamweel said it based its decision on market feedback.
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An initiative being considered in several municipalities in San Bernardino County, Calif., proposing that local governments may seize mortgages through the laws of eminent domain in order to help underwater borrowers to refinance sets a dangerous precedent, market players say.