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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Broker-dealer firm The PrinceRidge Group has added five directors to sales and trading positions to its mortgage-backed securities division; part of a recent expansion of the group led by senior managing director and head of U.S. residential mortgage-backed securities Barry Berkeley, who joined the firm from Sterne Agee & Leach in January.
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Rising default rates on automobile loans are driving Brazilian banks to cut back on lending.
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Ginnie Mae has ordered issuers of its mortgage-backed securities to make four additional pieces of data available to investors beginning in September.
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A lack of confidence in the models credit ratings agencies use to assess residential mortgage-backed securities and in the agencies themselves is stifling the U.S. housing recovery, according to Reason Foundation.
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American International Group invested $7.4 billion in the first quarter, including a 15% allocation to non-agency residential mortgage-backed securities.
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The Federal Reserve of Bank of New York has launched another round of bidding for collateralized debt obligations in its Maiden Lane III portfolio.
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Two UK RMBS issuers announced new deals this week and another priced its offer at the tight end of guidance as the product continued in a rich vein of form. It is finally receiving recognition for its underlying performance and spread stability, though regulatory bias against the asset class still prevents more of a revival, according to market participants.
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Santander UK announced the first RMBS transaction of 2012 from its Fosse master trust. The deal will include an Australian dollar tranche and double-A rated notes, offering investors some rarity value.
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Aegon’s Saecure 11 transaction, the first Dutch RMBS to tap the US market, will offer Dutch mortgage providers a template for a useful secondary source of securitisation funding, according to market participants.