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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Robert Bostrom, the executive v.p., general counsel and corporate secretary for Freddie Mac, is jumping to private practice and will start work at SNR Denton in mid-August.
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ABN Amro has launched a EUR 10 billion ($14.1 billion) issue of Dutch residential mortgage-backed securities from its new Fishbowl Master Issuer vehicle, a structure that will be tapped solely to retain deals, according to Werner Groenendijk, head of asset-based funding at ABN Amro in Amsterdam.
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West Bromwich Building Society has postponed the marketing of its Kenrick No. 1 U.K. residential mortgage-backed securitization due to volatility in the Euro zone.
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While Italian sovereign CDS spreads have gyrated up to 100bp in the past week or so, top names in Italian RMBS have only moved around 25bp out.
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ABS market participants have been mystified by the lack of news on West Bromwich Building Society’s Kenrick No. 1 RMBS.
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ABN Amro has structured and retained a Eu10bn issue from a new master trust, Fishbowl Master Issuer. Fishbowl securitises Nationale Hypotheek Garantie mortgages originated by ABN Amro NL, and features an almost identical structure to ABN’s existing Goldfish programme, which securitises NHG-guaranteed mortgages originated by Fortis Nederlands.
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Concerns about what will happen in the $5.5 trillion agency residential mortgage-backed securities market if lawmakers don’t reach an agreement on the debt ceiling could spark a selloff from overseas investors, spilling over to U.S. markets and driving up interest rates, market sources say.
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The Federal Reserve’s decision to suspend bond auctions of its Maiden Lane II vehicle because of slowing demand has halted what has been called an unprecedented rise in subprime credit default swap prices.
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More than 25% U.S. banks fail to meet the minimum Tier 1 capital ratio of 8%, according to The Invictus Group, a financial risk management firm.