Latest news
Latest news
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 Bank of Scotland has launched a tender offer to buy back three classes of notes from its Candide Financing 2005 and 2006 Dutch residential mortgage securitizations at par.
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Lloyds Banking Group is tendering for three series of Dutch RMBS from its Candide programme, in a move that is probably designed to get hold of collateral for the ECB’s second LTRO at the end of February.
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Lloyds Banking Group today issued guidance on its Arkle 2012-1 U.K. prime residential mortgage-backed issue, which includes the Arkle program’s first yen-denominated tranche since October 2010.
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Banks dumped $26 billion in mortgage-backed securities holdings in the last week, a significant drop over a short period, according to analysts at JPMorgan during a client call on Tuesday.
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U.S. bank continued to maintain tight lending standards in the fourth quarter despite rising demand, according to the Federal Reserve.
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Citigroup has adopted a strategy to avoid purchasing medium or high-risk mortgages that could eventually result in requests from Fannie Mae and Freddie Mac to buy them back.
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Dutch pension fund Stichting Pensioenfonds ABP has filed suit in New York state Supreme Court against Goldman Sachs for allegedly providing misleading information about the credit quality of residential mortgage-backed securities.
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The outlook is stable this year for the credit quality of new and outstanding structured-finance transactions in Latin America, according to Moody’s Investors Service.
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The newly formed Residential Mortgage-Backed Securities Group is expected to focus on insufficient or misleading disclosure in selling the securities relating to credit quality, conforming to underwriting guidelines and underlying property valuations, among other factors, according to Robert Khuzami, director of the U.S. Securities and Exchange Commission’s Division of Enforcement.