Latest news
Latest news
As well as deals backed by new loans, it will call and refinance 2023 deals
Meanwhile, BNP Paribas hires in structured finance
Aspire's first deal is a $391.28m non-prime securitization
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Smaller U.K. lenders that had been eyeing residential mortgage-backed issues prior to the recent market volatility are still plotting to hit the market in the fall, according to market officials in London.
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Lloyds Banking Group has restructured two of its master trusts, Pendeford and Mound, adding investor put options at one month after expected maturity on all outstanding notes. The restructuring meets revised counterparty criteria for S&P and Fitch and allows Bank of Scotland (the Lloyds subsidiary that sponsors the trusts) to repurchase loans from the portfolios.
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The Securities Industries and Financial Markets Association is calling on lawmakers and regulators to come together on what defines a good mortgage.
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The new $367.9 million residential mortgage-backed securities deal from the Federal Deposit Insurance Corp. was roughly two times oversubscribed today.
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The outlook for performance of collateral underlying certain types of asset-backed securities and residential mortgage-backed securities in Europe, the Middle East and Africa is stable for major countries in the region but negative for others, according to Moody’s Investors Service.
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Senior asset-backed securities may be closer to acceptance in liquidity coverage ratios under a new proposal by the European Commission in its Capital Requirements Directive IV.
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Moody’s Investors Service has changed its outlook for non-conforming U.K. residential mortgage-backed securities from stable in December to negative and deteriorating.
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Prytania Investment Advisors is preparing to launch a new global fund, Metreta, to invest in senior residential mortgage-backed securities, auto loan and credit card asset-backed securities.
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A new bill in Congress seeks to push Fannie Mae and Freddie Mac regulators to allow the agencies to buy mortgages that include a novel renewable energy tax lien, potentially paving the way for a new class of renewable energy-linked asset-backed securities.