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
-
Redwood Trust is said to have raised the interest rate on the senior class of its $375 million residential mortgage-backed securities deal from 3.6% to 3.9%.
-
Senior bondholders in the legacy Stichting Holland Homes Oranje I and II Dutch residential mortgage-backed securitization are said to have green-lighted plans to restructure the transactions in order to stave off a ratings downgrade.
-
Secondary trading of asset-backed securities began the week lightly, with only Northern Rock’s residential mortgage-backed securities vehicle Granite showing any notable activity.
-
The Federal Housing Finance Agency’s Distressed Asset Recovery Program, in which the regulator would sell off Fannie Mae and Freddie Mac real estate owned houses to investors on the condition they turn them into rental properties, would help U.S. home prices stabilize and could draw big money, according to Dale Westhoff, global head of securitized products research at Credit Suisse.
-
Covered bonds have edged ahead of residential mortgage-backed securities for U.K. banks looking for secured funding this year, although RMBS is still being tipped for a re-emergence, according to London-based securitization analysts.
-
More than $5 billion in consumer asset-backed securities and $2.5 billion in commercial mortgage-backed securities hit the primary U.S. market this week, with investors at the ready to take down the sudden influx of paper.
-
Natixis is rolling out a EUR 5.9 billion ($8.1 billion) mortgage-backed securitization of residential home loans originated in France by lender BPCE Home Loans.
-
Santander UK’s Holmes 2011-3 RMBS picked up an impressive $2bn of demand for its ‘A2’ dollar tranche this week. With European banks said to be struggling with dollar liquidity, the deal highlights the continued bid from ABS investors for secured dollar paper at the short end, and the resilience of the ABS market to the crippling volatility that is still hitting wider credit markets.
-
Executives at Two Harbors Investment Corporation, a real estate investment trust, aren’t worried about new rules proposed by the Securities and Exchange Commission that threaten to wipe away the sector’s coveted tax exemption and ability to lever.