Latest news
Latest news
ABS primary market performs well after Iran strikes and fall of MFS
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
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U.K.-based mortgage lender The Co-Operative Bank has said it will not call notes on three non-conforming residential mortgage-backed deals on their respective call dates for Leek 17, Leek 18 and Leek 19.
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The use of cash securitizations for lending activities among bank and non-bank lenders in the U.K. is expected to increase during the next three months.
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The House Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises will hold a legislative hearing on eight bills Thursday designed to dramatically limit the reach of the government sponsored enterprise.
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Moody’s Investors Service has lowered the ratings on 189 tranches of subprime residential mortgage-backed securities issued by Ameriquest valued at $3.5 billion.
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New reforms threaten to shrink the number of banks in Europe willing to provide swaps in securitization trades, according to market professionals.
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Moody’s Investors Service has downgraded most of $4.1 billion of Alt-A residential mortgage-backed securities issued by Countrywide Financial.
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The Federal Deposit Insurance Corporation has the market scrambling to understand an addition to its risk retention and qualified residential mortgage proposals, passed unanimously by the board Tuesday, that will force non-QRM deals to be structured with a “premium capture cash reserve account.”
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The Royal Bank of Scotland is rolling out a £4 billion ($6.38 billion) Arran residential mortgage-backed securitization.
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The Federal Deposit Insurance Corporation is seeking to standardize the industry-wide standard for qualified residential mortgages with a mandatory 20% down payment threshold, according to an FDIC official in a press briefing this morning.