Latest news
Latest news
Timeline of collapse that rocked the UK bridging loan market
As well as deals backed by new loans, it will call and refinance 2023 deals
Meanwhile, BNP Paribas hires in structured finance
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Performance of residential mortgage loans in the portfolios of Fannie Mae and Freddie Mac will likely worsen before it begins to improve, according to Standard & Poor’s Ratings Services.
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Rep. Brad Miller (D-N.C.) has expressed concern that the proposed $8.5 billion settlement with investors over soured residential mortgage-backed securities may end up costing taxpayers.
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The West Bromwich Building Society may be putting on hold its new residential mortgage-backed securitization, Kenrick 1, as investors grow cautious of new deals amid Europe’s spreading sovereign debt crisis.
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The Government National Mortgage Association is looking to hire a money manager to manage the agency’s recent influx of global investors and to continue to grow its investor base abroad.
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Residential Credit Solutions, a Fort Worth, Texas-based servicing firm, wants to issue more residential mortgage-backed securities, but is struggling to find attractively priced collateral, according to an official with knowledge of RCS’ strategy.
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Northern Rock Asset Management has said it will buy back the notes from its Graphite 2006-1 U.K. synthetic residential mortgage-backed securitization at par, a decision London-based analysts say stings participants in last month’s tender offer on the bonds.
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JPMorgan is planning to reopen the Spanish residential mortgage-backed securities market, closed for four years now, with an offering this year.
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Credit Suisse is beefing up its bond platform to compete with the two major legacy platforms still widely used by the Street.
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Northern Rock Asset Management announced on Thursday that it plans to terminate the CDS swap with KfW for its Provide Graphite 2006-1 synthetic RMBS. As a consequence, it will redeem all the credit-linked notes at par on August 10, which is the next interest rate payment date.