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
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Senior notes in ABS benchmark Granite are back close to the year’s highs, as ABS dealers revert to risk-on mode in the wake of the eurozone deal reached on Thursday morning. Junior Granite notes were five points higher in cash terms on the day, rallying to 52 area.
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Lloyds Banking Group has priced its £3.1 billion ($4.94 billion) equivalent Permanent Master Issuer 2011-2 public residential mortgage securitization.
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Bank of America Merrill Lynch has posted collateral to support the rating of Portuguese RMBS Magellan Mortgages IV — a further illustration of the challenges facing structured finance swap providers.
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Secondary trading volumes in Europe’s securitization mart are described as “very, very low”, with only light trading in U.K. and Dutch senior residential mortgage-backed securities this week, according to London-based traders.
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Leads on Lloyds Banking Group’s Permanent 2011-2 RMBS have more than $2.75bn of orders for the new deal, which should be priced early on Wednesday afternoon.
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In the days leading up to the rollout of the new Home Affordable Refinance Program, a crew of U.S. Federal Reserve Governors hinted at future quantitative easing and residential mortgage-backed securities buys, a move the market is taking seriously on the heels of Operation Twist’s surprise inclusion of agency mortgage bonds.
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UBS faces lawsuits relating to an estimated $45 billion in original face value of U.S. residential mortgage-backed securities in which it served as either underwriter or issuer, according to the Swiss bank’s third-quarter earnings report.
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U.S. District Judge Mariana Pfaelzer of Los Angeles has barred Allstate from pursuing federal securities law claims against Countrywide Financial for losses the insurer claims from residential mortgage-backed securities sold by the lender.
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Lloyds Banking Group is returning to the public securitization market with a new issue from its U.K. residential mortgage-backed master trust shelf, Permanent.