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
More articles
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RBS Securities has been hit by a second lawsuit by the National Credit Union Administration.
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Countrywide Financial and its parent, Bank of America, are facing another lawsuit for alleged misrepresentations about mortgage-backed securities sold by their affiliates.
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Fannie Mae and Freddie Mac will need to ask for federal funding just days after the U.S. is scheduled to hit its debt ceiling.
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Performance of U.K. prime residential mortgage-backed securities remained stable in the three-month period ended May 31, according to Moody’s Investors Service.
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The Financial Stability Board has endorsed higher capital requirements for systemically important financial institutions and proposals to give national regulators the authority to wind down SIFIs that fail.
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Lloyds Banking Group has preplaced a new £3.3 billion ($5.32 billion) issue from its U.K. residential mortgage-backed vehicle, Arkle, with a small group of investors as uncertainty continues to dog the European and U.S. markets.
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Lloyds will preplace a new UK RMBS, Arkle 2011-1, with a number of third party institutional investors. Lloyds Bank Corporate Markets and JP Morgan will be bookrunners.
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Wells Fargo and Bank of America-Merrill Lynch are pitching a $160 million securitization of non-performing residential mortgage assets, called Volt 2011-NPI-1, according to a life insurance investor.
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Moody’s Investors Service reports that the performance of U.K. buy-to-let residential mortgage-backed securities improved in the three-month period ending May 31 with the 90-plus day delinquency rate falling from 1.96% in February to 1.83%.