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
More articles
More articles
-
DZ, the central for German cooperative banks, has filed suit against Ally Financial, Bank of America and others over nearly $290 million in residential mortgage-backed securities, charging them misrepresenting the underwriting standards used when issuing the loans.
-
Fitch Ratings affirmed 473 classes and downgraded 129 classes on 81 U.S. scratch-and-dent residential mortgage-backed securities transactions.
-
Europe’s secondary space is seeing a flow of mezzanine paper into the market, as the primary issue pipeline remains empty and the market shows signs of wrapping up for year-end.
-
Residential mortgage-backed securities trader Eric Daouphars has left Citadel Securities to join brokerage and investment banking firm Stifel Nicolaus in the non-agency space.
-
New issuance volumes of securitization in Europe this year have reached EUR304 billion ($397.9 billion) in the past week as the market heads into the home stretch of 2011, though roughly two-thirds of paper continues to be retained.
-
Standard & Poor’s placed 764 tranches in 119 transactions of UK RMBS on CreditWatch Negative on Monday, providing what one ABS trader called “another Christmas present to the market”.
-
Standout deals of the year include trades marking the high points of the pre-summer rally, alongside deals that succeeded in more challenging circumstances, said reflective ABS bankers looking back over 2011.
-
The underperformance of U.S. residential mortgage back securities and U.S. structured finance collateralized debt obligations are driving the losses in global structured finance transactions, according to Fitch Ratings.
-
Market players are reading into Ally Financial’s announcement it would no longer buy home loans in Massachusetts and wondering if there’s a next move.