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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Performance of most residential mortgage-backed securities and automobile asset-backed securities in Russia and the Commonwealth of Independent States remained relatively stable in February, according to Moody’s Investors Service.
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Global securitization issuance jumped nearly 6% in the first quarter of 2012 to $167.93 billion across sectors, according to data from Dealogic.
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Springleaf Financial’s upcoming securitization of subprime residential mortgage loans from its legacy portfolio is likely to price strongly as investors reach for relative spread to comparable investments in a yield-hungry environment, according to market players.
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Rabobank’s subsidiary Obvion took the market by surprise on Tuesday when it privately placed its second Storm RMBS issue this year. The deal does not alleviate the Dutch publicly sold RMBS drought, but bankers expect this might change in the next quarter.
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Credit Suisse is said to have dropped the rating by Fitch Ratings from a residential mortgage backed security because of a dimmer view of the RMBS than that taken by rivals Standard & Poor’s and DBRS, according to Paul Taylor, Fitch’s new ceo.
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Eurohypo’s $740 million portfolio of performing loans has attracted more than 100 prospective buyers.
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Netherlands-based lender Obvion has privately placed a securitization of Dutch prime residential mortgages, STORM 2012-II.
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Non-agency mortgage real estate investment trusts, which invest in residential mortgage-backed securities, have so far in 2012 outperformed its agency counterparts, reversing their performance roles from the second half of last year.
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Bond insurer Ambac Financial Group has sued JPMorgan Chase over the more than $200 million in claims it had to pay on seven residential mortgage-backed securities.