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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Rising delinquency rates on home loans in the second quarter could have negative impact on the collateral of residential mortgage-backed securities, according to Standard & Poor’s.
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American Home Mortgage Servicing is in the market with a $250 million residential servicing advance deal from the Royal Bank of Scotland and Deutsche Bank.
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Bjoern Bauermeister has rejoined BNP Paribas as an asset-backed and mortgage-backed securities trader in London a year after leaving the firm.
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Citadel Securities is said to be completely shutting down its fixed-income sales and trading operations by the end of the week, market sources said.
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Issuers of U.K. master trust residential mortgage-backed securities may find it tougher to place paper with U.S. investors—which have become an important part of the investor base recently—as result of the recent market volatility
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Initial price talk on Springleaf Financial’s $432 million residential mortgage-backed securitization is 200 basis points over three-year swaps for the $292 million AAA tranche, according to three investors looking at the offering.
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The issuers of the Stichting Holland Homes Oranje I and II Dutch 2006-vintage residential mortgage securitizations have pitched a restructuring of both deals’ class A notes after the seniors were earmarked for downgrade.
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The primary market may have seen new issuance volumes flatline this month, but as we settle into the second half of August, it’d be wholly wrong to characterize the past few weeks as a typically-sleepy securitization summer. -
Downgrades on peripheral European countries’ credit ratings are making it more expensive for banks to hold peripheral asset-backed securities paper, according to a senior London-based ABS trader, but a lack of liquidity is making it tough to offload.
