Latest news
Latest news
L&G's head of portfolio management on everything equity release after debut deal
The private equity giant previously did RMBS deals from its BINOM shelf.
Deal priced with 3bp premium to ING's Green Lion 2026-1
More articles
More articles
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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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Some investors in London are undisturbed by the prospect of Europe’s securitization market shifting from an AAA to a AA market.
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UAE housing provider Tamweel has opted not to proceed with plans for an RMBS sukuk, having looked poised to issue the deal last week. The complexity of the structure and lack of comparable transactions are likely to have been among the factors weighing on the deal, although Tamweel limited itself to saying that it had based its decision on market feedback.
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Northern Rock Asset Management and Bradford & Bingley have bought back £534m equivalent of euro and sterling denominated subordinated Granite, Aire Valley and Whinstone residential mortgage backed securities.
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Industry eyes are locked on Northern Rock Asset Management and Bradford & Bingley’s £500 million ($784.5 million) tender offer—which expires Wednesday—for subordinate Granite, Aire Valley and Whinstone U.K. RMBS bonds, with some officials speculating on more buy-backs further down the line.
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Moody’s Investors Service is seeking industry feedback on proposed changes to the way it assesses swap and bank counterparty risk in securitizations, as market officials warn the shrinking pool of eligible counterparties threatens a ratings squeeze on many securitized tranches.
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A white paper the American Securitization Forum released today advocating a move to a single agency security has divided members on the issues of guarantee fees and whether or not to call out which government entity is responsible for a particular security, according to a statement today from the group.
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Spanish and Portuguese banks lead their European peers in buying back their own mortgage-backed securities to raise their capital, which also can serve as collateral for loans from the European Central Bank.
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Market officials say sterling-denominated deals will be “a very important sector” in the face of sustained eurozone uncertainty during the second half of 2012, as U.K. lender Virgin Money rounded off a busy June by pricing its Gosforth 2012-1 residential mortgage-backed trade.
