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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Primary issuance of European asset-backed securities is being tipped to bounce back from its recent lull, though industry pros are forecasting that new deals will be unleashed more opportunistically from issuers as the traditional summer slowdown approaches.
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The U.K.-based Co-Operative Bank has priced its Silk Road Finance Number Two U.K. residential mortgage-backed securitization.
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European asset-backed securities have rallied in recent days following last week’s vote in the Greek parliament in favor of tougher cost-cutting measures, though weakness in secondary trading still remains.
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The Co-operative Bank printed £725m equivalent of triple-A rated prime RMBS on Friday, having launched guidance just after the Greek austerity measures were passed.
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Market conditions have forced the Federal Reserve Bank of New York to halt its auction of mortgage-backed securities held by its Maiden Lane II vehicle.
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Fitch Ratings says it has updated three criteria reports for new-issue U.S. residential mortgage-backed securities.
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The market is still sifting through what Bank of America-Merrill Lynch’s announced settlement with investors means for the market, but senior positions on residential mortgage securitizations got an immediate bounce, climbing four points, according to traders and portfolio managers.
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The Office of the Comptroller of the Currency is forcing banks to conduct a self review of mortgage foreclosure and servicing standards to ensure bank practices line up with the government’s guidelines.
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U.K. mortgage lender West Bromwich Building Society has mandated Barclays Capital and Citigroup to joint lead-manage a new prime residential mortgage-backed securitization called Kenrick 1.