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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Barclays Capital, JPMorgan, Morgan Stanley and Santander GBM will lead manage Santander’s new Fosse RMBS, which will be launched and priced in mid-May, following a roadshow starting on May 9.
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Investors looking to short mortgages could be hit the hardest by a new fail penalty proposed for the agency mortgage-backed securities market, according to strategists.
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Pioneer Investments has launched the Multi-Asset Floating Rate Fund, which will mainly focus on US. dollar-denominated securities including mortgage-backed, securities, asset-backed securities and U.S. government securities.
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The trustee handling the liquidation of Thornburg Mortgage has filed suit against top Wall Street banks for $2.2 billion charging they engaged in collusive and predatory schemes that forced the mortgage company into bankruptcy.
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Positive market news is expected to tighten spreads in commercial mortgage-backed securities, according to Barclays Capital.
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Only about one-third of the 387 sets of rules required by the Dodd-Frank Act have not yet been proposed, as the first deadlines for the regulations in July draw near, according to the law firm Davis Polk & Wardwell.
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The agency mortgage-backed securities market may lose investors to other top-rated assets, including U.S. Treasury bonds and AAA-rated sovereigns as Congress moves to shake up the $5.5 trillion agency MBS sector, according to officials. -
Legacy monolined-wrapped residential mortgage-backed securities in the secondary market are benefiting from the recent settlement between Assured Guaranty and Bank of America-Merrill Lynch, according to traders and an analyst.
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Leverage is returning to the secondary private label residential mortgage-backed securities market as investment banks get comfortable dishing out risk to investors hungry for yield, according to a New York-based chief RMBS trader.
