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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
More articles
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The Federal Housing Finance Agency’s plan to create a securitization platform and minimize the role of Fannie Mae and Freddie Mac could be promising for agency and private-label U.S. residential mortgage-backed securities, according to Fitch Ratings.
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Kamala Harris, the attorney general of California, is pressing Fannie Mae and Freddie Mac to reduce principle of delinquent borrowers and to suspend foreclosures until the Federal Housing Finance Agency, which oversees the two lenders, completes a thorough review of its policy not to grant debt reductions to underwater home owners.
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Massachusetts has joined the expanding investigation of HSBC in connection with the sale of residential mortgage-backed securities.
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Freddie Mac has announced a new offering of multifamily mortgage-backed securities known as structured pass-through certificates, of K certificates.
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Redwood Trust says it is planning four to six more offers of residential mortgage-backed securities including the RMBS that was completed in January.
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As the new issue pipeline in Europe slims down, industry eyes in the region are now shifting to many of last year’s market debutants who could potentially return to tap the securitization market in the coming months.
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Friesland Bank has privately placed the ‘A1’ tranche of its Stichting Eleven Cities 8 programme, which was issued as a retained deal last year.
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Market players say they are keeping an eye on whether other financial institutions will be shrinking their business ties to Fannie Mae on the heels of Bank of America-Merrill Lynch giving notice it would no longer deliver purchase and non-Making Home Affordable refinance loans into the government-sponsored enterprise’s pools due to its ongoing dispute with the GSE over put-back claims.
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Clydesdale Bank will seek to further tap the residential mortgage-backed securities market—possibly in the U.S.—this year after returning with a privately placed issue, Lanark Master Issuer 2012-1, this week.