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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The House of Representatives has passed a bill that would bar the U.S. Department of Justice from holding further talks with mortgage servicers involving their foreclosure practices without allowing investors in mortgage-backed securities to participate.
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Allied Irish Bank priced its first public securitization of residential mortgages, the £428.5 million ($691.2 million) Tenterden Funding PLC, on Wednesday.
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President Obama recently proposed extensive government assistance to homeowners whose primary residences have fallen in value below their unpaid mortgage balances. -
AIB has raised the first unguaranteed funding for an Irish institution since 2009 through its Tenterden RMBS. Though the deal was hailed as an important restorative step for Irish banks, it succeeded because the securitisation structure delinked the UK collateral from the Irish sponsor, said market participants.
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Deutsche Bank has agreed to pay more than $200 million to settle charges that it had misled the U.S. Department of Housing and Urban Development about the quality of mortgages issue by the German lender’s mortgage provider MortgageIT in 2007.
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Standard & Poor’s has revised down by one month the timeline for clearing the U.S. residential shadow inventory.
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Subprime residential servicer SpringLeaf Finance may file for bankruptcy if its financial condition does not improve.
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The market’s reaction to the New York Federal Reserve’s second auction of legacy collateralized debt obligations in just two weeks has been more muted than the central bank’s last CDO sale at the end of April, market players say.
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Market officials are warning that primary volumes in Europe — flat now — trend down year-on-year as many traditionally active issuers are said to be close to being fully funded for 2012.
