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
More articles
-
A severe lack of collateral in the prime residential mortgage market is holding up issuance of new residential mortgage-backed securities, according to William Moliski, managing director at Redwood Trust.
-
Scott Eichel, former co-head of asset- and mortgage-backed securities trading at Bear Stearns, hasn’t looked back since the 85-year-old institution was absorbed by JPMorgan at the height of the subprime mortgage meltdown for just $10 a share. -
Secondary bids in European asset-backed securities have seen “significant” softening in the past couple of weeks as market professionals flee riskier assets, according to a London-based ABS trader at a U.K. investment bank.
-
Senior bondholders will be pitted against junior noteholders in any vote to restructure existing asset-backed securities deals to comply with new counterparty criteria imposed by Standard & Poor’s.
-
Northern Rock has sold the ‘A2’ notes of its debut RMBS, Gosforth Funding, in a semi-private deal with a margin of 160bp.
-
Citigroup is urging regulators to reconsider plans to force securitizers to keep a slice of risk in deals they structure, saying the plan lacks full analysis and is too broad and confusing.
-
The industry is split over the effectiveness of the Securities and Exchange Commission's rule 17g-5 with bankers ratings agency officials taking different stances on the initiative at the American Securitization Forum's annual meeting in Washington.
-
Investors in European asset-backed securities deals are facing a busy next few weeks as issuers press investors to vote on changes needed to bring existing transactions up to speed with revised Standard & Poor’s counterparty criteria.
-
Leads on BNP Paribas’s Dutch RMBS, Phedina 2011, priced the deal at the tight end of guidance of both offered tranches, at 90bp for the two year ‘A1’ notes and 130bp for the five year ‘A2’ notes.
