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
-
The International Monetary Fund says the U.S. federal government should continue securitizing mortgages to support the country’s weak housing market, though it said the guarantees “should be explicit and fully accounted for” on the federal balance sheet.
-
The price tag for the proposed settlement with the country’s five major mortgage servicers over their foreclosure practices could cost the economy between $7 - $10 billion a year, according to a study by economists.
-
Putnam Mortgage Opportunities is planning an initial public offering to raise up to $300 million to invest in residential mortgage-backed securities.
-
Barclays Capital is nearing the finish line on a raft of resecuritizations of legacy asset-backed securities seized by the National Credit Union Administration, with only about $3 billion in bonds left to roll out from the program.
-
Compagnie de Financement Foncier has launched a €1 billion ($1.44 billion) deal of mortgage-backed securities, its second this year.
-
Moody’s Investors Service has lowered the ratings on nine tranches of Portuguese asset-backed securities and 38 tranches of residential mortgage-backed securities following successive downgrades of Portugal’s government ratings from A1 to Baa1 in the past three weeks.
-
Price talk on both Obvion’s Storm and Lloyds Banking Group’s Permanent residential mortgage-backed deals emerged Tuesday.
-
Guidance on Lloyd Banking Group’s new Permanent deal is aimed inside where Royal Bank of Scotland placed Arran last week — and introduces a 10bp difference between currencies, in contrast to both Arran and Northern Rock’s Gosforth.
-
Guidance for Obvion’s Storm 2011-III RMBS is 95bp area for the two year A1s and 125bp-130bp for the five year A2s — meaning the Dutch originator hopes to hit the sub-100bp level achieved by Aegon’s Saecure 10 two weeks ago.