Latest news
Latest news
Two lenders entering administration should signal to others: simplify the industry
News could lead bank funding to dry up, after strong run of demand in private market
L&G's head of portfolio management on everything equity release after debut deal
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The U.K. government has announced that the release of details for banking sector reform will be delayed until June, instead of early or mid-May as banks were originally told.
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Performance of loans in Italian residential mortgage-backed securities remained stable in the three-month period that ended Feb. 29, according to Moody’s Investors Service.
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Lead managers RBS and JP Morgan have released guidance for Coventry Building Society’s debut RMBS, Leofric No 1, which is expected to be priced later this week.
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A $111 million residential mortgage-backed securitization from Vericrest Financial, Vericrest Opportunity Loan Trust 2012-NPL1, priced Friday off of strong investor interest, according to an official with knowledge of the deal.
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Standard & Poor’s has downgraded 186 classes from 77 U.S. residential mortgage-backed securities issued between 1997 and 2007.
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More U.K. social housing securitizations could be in the offing as housing providers are tipped to move away from traditional bank funding and head toward the debt capital markets, according to London-based whole business securitization analysts.
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U.K. lender West Bromwich Building Society resurfaced with its Kenrick No. 1 residential mortgage-backed securitization late on Friday afternoon, having previously shelved the deal in July due to growing market volatility in Europe.
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The Attorney General’s Office of New York has denied claims that the Residential Mortgage-Backed Securities Working Group set up in January by the Obama administration and headed by N.Y. Attorney General Eric Schneiderman has been inactive.
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U.K. lender Coventry Building Society is preparing to come to market with its first securitization of prime residential mortgages, Leofric No. 1, as officials at the firm predict future RMBS activity will complement its existing covered bond program.