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
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Fitch Ratings has revised its mortgage-loss and cash-flow criteria for several European countries, including Belgium, France, Germany, Greece, Ireland, Italy, Portugal, Spain and the U.K.
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Fitch Ratings said its updated rating methodology for assessing credit risk of loans in Portuguese residential mortgage-backed securities could result in some negative ratings actions, particularly in lower-rating categories.
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Redwood Trust is shopping a new residential mortgage-backed securitization of prime jumbo loans, pegged at $300-400 million, larger than the trust’s two previous deals.
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Northern Rock’s U.K. residential mortgage-backed master trust Granite, the market bellwether for European securitization, saw BBB prices drop Tuesday, as secondary markets continue to be light on liquidity.
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The $4.5 trillion agency residential mortgage-backed securities market has remained unfazed so far by Standard & Poor’s move to downgrade the government-sponsored enterprises one notch this morning.
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Senior tranches of European residential mortgage-backed securities and consumer- loan asset-backed securities in Europe are being viewed as a “safe haven” from the fallout of the historic downgrade of the U.S. sovereign by Standard & Poor’s, according to London-based market participants. -
The European asset-backed securities market is seeing a spike in retained deals, with investors expecting more to tap the European Central Bank’s liquidity program in the coming weeks as market uncertainty persists.
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Agency residential mortgage-backed securities yields ticked up 15 basis points Friday morning, amid ultra-low Treasury yields and a historic crash in equities Thursday.
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Friary No. 1, the debut RMBS from Welsh building society Principality Finance, proves that primary supply can still come out in ABS when wider credit markets are collapsing.
