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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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.
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Investors holding formerly “toxic” asset-backed securities in the U.K. are looking to switch to profit taking as some securities show improvement three years removed from the height of the financial crisis.
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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, with the Eu221.2m tranche twice covered.
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Scott Walter, 34, head of syndication at Goldman Sachs, sits down with TS for a pre-summer chat.
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U.K. mortgage lender Yorkshire Building Society is aiming to maintain a “sufficient presence” in the residential mortgage securitization sector following the recent pricing of the firm’s first-ever RMBS deal, Brass No. 1, according to Chris Parrish, group treasurer at Yorkshire.
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‘A1’ notes in NIBC Bank’s Dutch MBS are 1.9 times covered, while the ‘A2’s are moving slower at 0.9 times done.
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Royal Bank of Scotland launched a tender offer for notes in Celtic Residential Mortgage Securities (CRSM) 9-12, a series of Irish RMBS originated by Ulster Bank, an RBS subsidiary. Some market participants hailed it as a valuable exit opportunity, while others argued that buy and hold investors would punish RBS in the long term.
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Alba 2011-1, a Credit Suisse-sponsored UK non-conforming deal, is on course to be priced on Friday following encouraging momentum, despite investors lining up to criticise the collateral backing the deal. One fund manager said that the mortgages were comparable to US-based "scratch and dent" assets.
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Freddie Mac has issued its first, multi-loan single borrower mortgage securitization, a $672.342 million deal called FREMF 2011-KAIV.