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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The Australian Office of Financial Management has been ordered to invest an additional A$4 billion ($4.21 billion) in top-rated residential mortgage-backed securities as part of its program to help small lenders.
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Market players in Europe have absorbed “soft costs” of compliance with the U.S. Securities and Exchange Commission’s 17-g5 in the 12 months since it rolled out in the U.S., according to Richard Hopkin, a managing director at the Association for Financial Markets in Europe.
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Lloyds Banking Group is shopping a new U.K. residential mortgage-backed securitization from its Permanent master trust vehicle.
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The asset backed security market showed signs of recapturing some of its old swagger this week, playing host to a wide range of transactions and preparing to take down the largest volumes since the onset of the credit crisis in 2007.
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UK prime RMBS from Northern Rock and Royal Bank of Scotland achieved impressive momentum this week, with a total of around £2.8bn placed in the market on Wednesday amid healthy oversubscription.
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ABS market participants pointed to a trio of public roadshows shooting for broad distribution as a further sign that the broader market is recovering.
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Mortgage securitization trailblazer Lewis Ranieri and economist Ken Rosen are calling for continued government influence in the housing and mortgage market to hasten the sector’s recovery.
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Prepayment speeds on Freddie Mac Golds, the series of 30-year and 15-year agency mortgage-backed securities, plummeted in March by 19% and 12%, respectively.
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Investment banks, rating agencies and industry associations in Europe have blasted plans by the European Securities and Markets Authority to force non-E.U. credit rating agencies—and the ratings they give to financial instruments—to meet new, stringent requirements to be valid in the region.