Latest news
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Meanwhile, BNP Paribas hires in structured finance
Aspire's first deal is a $391.28m non-prime securitization
Two lenders entering administration should signal to others: simplify the industry
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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.
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Officials at Skipton Building Society, which has priced its sophomore residential mortgage-backed securities trade Darrowby No. 2, say the major benefit of its securitization program is that it can issue higher-rated securities than in the covered bond market.
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Santander UK has 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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Santander U.K. said Wednesday it is readying a new issue of prime U.K. residential mortgage-backed securities, Fosse 2012-1.
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Italian, Spanish Banks Running Low On ECB Cash Italian and Spanish banks are running out of cash they borrowed from the European Central Bank to purchase government bonds, according to the Royal Bank of Scotland.
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Lloyds Banking Group is planning to reduce its U.K. mortgage market shares from 28% to 25%, according to Antonio Horta-Osario, ceo of Lloyds.