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
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Rabobank’s Dutch mortgage subsidiary Obvion is prepping a EUR700 million ($958.2 million) public offering from its STORM residential mortgage securitization shelf, STORM 2011-IV.
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Returns for the eight managers of funds under the U.S. Department of Treasury’s Public-Private Investment Program ran negative in the third quarter.
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JPMorgan Chase denies charges by four collapsed corporate credit unions that it mislead them about the risks of mortgage-backed securities sold by the bank.
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More European issuers are expected to roll out cross-currency securitizations though year-end, tapping the U.S. market in particular with U.S. dollar-denominated tranches in a bid to tighten domestic spread levels.
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The 2-year-old practice by Organismos Ergatikis Katikias, the Greek Workers Housing Agency, of delaying payments on interest subsidies have put Greek banks and residential mortgage-backed securities transactions at risk of losing interest payments and possibly lead to default, according to Fitch Ratings.
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Europe’s largest banks are seen raising only about 10% of the combined EUR106 billion ($148 billion) in capital regulators say they need to reach the 9% core Tier 1 ratio by June, according to analysts.
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The large number of deals in Europe’s securitization market being retained by issuers is forecast to continue. -
Lloyds Banking Group’s Permanent 2011-2 RMBS picked up more than $3bn of demand this week, standing firm on a bid from US bank treasuries which have also supported recent UK RMBS issues from Nationwide, Royal Bank of Scotland, and Santander UK.
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ABN Amro has structured a new mortgage master trust, Oceanarium, and issued its retained first deal from the programme. The first issue is a €14.5bn deal with €13.485bn of triple-A senior notes. Total portfolio size in the trust is €15bn.
