Latest news
Latest news
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
More articles
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ABS traders are worried about the withdrawal of some of the most liquid bonds in the market as Northern Rock Asset Management looks to buy back a chunk of Granite triple-B bonds, in a tender announced last week.
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The performance of Greek residential mortgage-backed securities continued to deteriorate in the three-month period up to May, with 90-plus-day delinquencies rising to 6.36%, compared with 4.40% a year earlier, according to Moody’s Investors Service.
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Placed issuance in Europe’s securitization market for the first half of 2012 is set to be on par with the same period last year, but the amount of paper placed with end investors by year-end is expected to be up on 2011’s total, according to a new study by Citi.
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Northern Rock Asset Management has tendered for triple-B rated Granite master trust bonds at a six point premium over their recent trading level. Many bondholders could be swayed by the offer, which market participants reckon could be the first of other tenders to follow.
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The Netherlands’ Achmea Hypotheekbank has hired Barclays and Rabobank as lead managers for a new prime RMBS, DMPL X. The borrower began a roadshow on Thursday in London. Achmea issued its last DMPL RMBS last June.
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Tamweel is to revive the Shariah-compliant RMBS sector that it pioneered back in 2007. Owned by Dubai Islamic Bank, the housing financier will issue a US dollar-denominated sukuk backed by cashflows from residential Ijara contracts — Islamic home finance’s lease-to-buy arrangements.
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Virgin Money is planning to meet accounts next week to discuss a sterling issue from its Gosforth prime RMBS programme.
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Market officials are concerned the £500 million ($786.1 million) tender offer for subordinate bonds in the Granite, Aire Valley and Whinstone U.K. residential mortgage securitizations could strip out liquidity from the secondary ABS market. -
Mill Valley, Calif.-based Redwood Trust Holdings is hitting the market for the third time this year with a private-label residential mortgage-backed securities deal.
