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
More articles
More articles
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Redwood Trust expects to close two more private-label residential mortgage-backed securities this year in addition to the one completed in March.
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Moody’s Investors Service has downgraded more than $321 million of prime jumbo residential mortgage-backed securities issued by Credit Suisse.
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Primary market activity in European structured finance is whirring back to action, with a handful of deals expected to price in the next few weeks.
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The Italian securitization market is perking up, with mortgage-backed securities deals offered by Veneto Banca and Popolare Vicenza, two small unlisted banks.
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The Department of Justice’s civil lawsuit against Deutsche Bank and its MortgageIT subsidiary is expected to be the first of a wave of litigation as U.S. authorities step up efforts to reclaim losses from questionable collateral and the toxic securitizations, according to market participants.
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Morgan Stanley has won its first post-crisis European ABS mandate, the new Fosse 2011-1 RMBS from Santander UK. Barclays Capital, JP Morgan and Santander GBM are also joint leads.
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The amount of asset-backed securities eligible to be used in the European Central Bank’s liquidity facility dropped slightly in 2010, accounting for €1.5 trillion ($2.18 trillion), or about 9%, of the eligible €14 trillion (U.S. 20.4 trillion), according to the bank’s newly released annual report.
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Santander U.K. could issue two more public residential mortgage securitizations this year following the release of its next deal mid-May, Fosse 2011-1, according to a senior London-based official at the bank.
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The U.S. Department of Justice’s recent lawsuit against Deutsche Bank has had no effect on trading of secondary Ginnie Mae residential mortgage securitization bonds, according to an agency bond trader.