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
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Santander UK managed to raise £2.25bn of funding through its Fosse 2012-1 RMBS in a week when Eurozone storm clouds were gathering over the markets. The deal offered bonds across 10 tranches, five currencies and four maturities. And for the first time since 2007, it included double-A rated notes.
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German lender DZ Bank has filed a lawsuit against Barclays in New York charging the U.K. bank with allegedly misrepresenting the quality of loans in $133.3 million in residential mortgage-backed securities it sold.
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German lender DZ Bank has filed a lawsuit against Barclays in New York charging the U.K. bank with allegedly misrepresenting the quality of loans in $133.3 million in residential mortgage-backed securities it sold.
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Santander U.K.’s prime residential mortgage securities deal Fosse 2012-1 has publicly sold two slices of AA-rated bonds, the first U.K. RMBS to do so since the crisis, signaling that issuers are now willing to meet buyside demand for paper further down the capital curve. -
The Federal Reserve Bank of New York has put off a $1.67 billion sale of collateralized debt obligation holdings from its Maiden Lane III portfolio that was scheduled for today.
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Moody’s imminent downgrade of European banks’ long-term and short-term ratings will see more than half of all UK RMBS counterparties breach their first rating trigger. Royal Bank of Scotland and Lloyds TSB face the highest exposures, but all affected banks will need to post collateral, find a third party guarantee or appoint a replacement.
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American International Group has increased its investments in non-agency commercial mortgage-backed securities and residential mortgage-backed securities by more than 64%, or $11.1 billion, since the end of 2010 to $28.4 billion at the end of the first quarter.
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The FBI has launched a preliminary inquiry into the USD2.3 billion trading losses at JPMorgan Chase following similar moves by the U.S. Securities and Exchange Commission and the Federal Reserve.
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European securitization market officials aren’t sweating the potential impact that JPMorgan’s recent losses may have on the still-recovering sector, though the bank’s chief investment office, which was the source of the losses, has also been a major investor in the region’s post-crisis securitization issuance.
