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
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Santander UK has decided to offer notes across nine tranches and in four different currencies and maturities for its Fosse 2012-1 RMBS. The transaction, which the leads hope to price on Wednesday, includes the first offering of double-A notes from a UK master trust since 2007.
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The Federal Reserve Bank of New York has announced it will be offloading additional collateral from two legacy collateralized debt obligations held in its Maiden Lane III portfolio, with auctions scheduled for May 17 and May 22.
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A non-asset trigger breach in Bradford & Bingley’s Aire Valley residential mortgage-backed master trust could cause the underlying bonds on the deal to become more liquid, creating a benchmark similar to the Northern Rock’s Granite U.K. RMBS, which is seen as the bellwether of the European market, according to London-based analysts.
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The EUR36.4 million ($46.8 million) Berlin residential portfolio loan, securitized in Morgan Stanley’s pan-European Silenus (European Loan Conduit) ELoC No. 25 commercial mortgage trade, has been a given a new six-month standstill period containing certain conditions.
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A graph of year-to-date issuance by region and sector, as reported by Securitization Intelligence, accompanied by a bird's-eye view of the activity seen in each sector last week. -
Bradford & Bingley’s Aire Valley master trust has breached its non-asset trigger, shifting all bond payments to sequential pass-through, whereby tranches will be paid in order of seniority rather than according to expected maturity. Traders, however, reported no move in the bonds’ price on Monday morning as the trigger had been so widely anticipated.
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George Smith, senior managing director in Cantor Fitzgerald’s debt capital markets platform, has left the firm to head up the mortgage-backed securities desk at Gleacher & Company Securities; the broker-dealer unit of investment bank Gleacher & Co.
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The U.S. Securities and Exchange Commission is said to have launched a preliminary investigation into JPMorgan Chase’s accounting practices and public disclosures about the derivatives trades, which resulted in losses of $2 billion.
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Deutsche Bank has reached an agreement with Assured Guaranty over losses the bond insurer suffered from insuring residential mortgage-backed securities from the German lender.
