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
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Spreads across European structured finance have continued to tighten in recent weeks, but the busy trading in secondary markets is forecast to take a pause, according to one senior ABS trader in London.
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BNP Paribas Personal Finance has launched a Dutch RMBS, Phedina 2011-1, the first public cash ABS by the bank since 2008. -
Donald MacKinnon, former structured credit trading and asset finance chief at Nomura Securities has been hired by Cole Real Estate Investments to head high-yield portfolio management and to oversee strategy and new originations.
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Credit Suisse has priced its non-conforming U.K. residential mortgage-backed trade, Alba 2011-RP1.
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NIBC Bank’s Dutch MBS XVI RMBS was priced on Wednesday morning. Leads Deutsche Bank, Morgan Stanley and NIBC Bank took the short pay ‘A1’ notes to the tight end of guidance, paying 110bp over one month Euribor, with the Eu221.2m tranche twice covered.
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With nine new residential mortgage real estate investment trusts hitting the market, securing funding via initial public offerings has become a difficult task, according David Akre, principal at Whole Loan Capital.
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NIBC has priced its €750 million ($1.05 billion) residential mortgage-backed trade, Dutch MBS XVI, with demand for the shorter-dated tranche twice outstripping supply.
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Taxpayers have gained $12.9 billion in proceeds in May from the U.S. Treasury’s selldown of its $142 billion government-guaranteed mortgage-backed securities portfolio, Mary Miller, assistant secretary for financial markets, said in a Treasury memo today.
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Goldman Sachs may be the first major investment bank out of the gate to issue a new private-label residential mortgage-backed securitization since the mortgage crisis.
