Australasian non-bank mortgage lender Resimac Group issued its third RMBS offering last Tuesday, the no-grow NZ$250m (US$170m) prime and non-conforming Resimac Versailles 2019-1.
The swearing in of new leadership at the Federal Housing Finance Agency last week prompted a new round of debate over the steps that could be taken to reform US housing finance.
Banca Fucino has structured an small Italian RMBS called Fucino RMBS Srl. The €150m securitisation, which was not seen in the market and carries coupons well inside market levels, was arranged by JP Morgan and Banca Igea.
Dutch Property Finance 2019-I became the fourth Dutch RMBS to price in two weeks, but generated less enthusiasm than the three deals before it.
Citigroup pre-placed a £2bn UK RMBS on Friday, securitising mortgages bought by Citigroup and Pimco from UK bad bank UKAR on April 2.
Nationwide Building Society was rewarded with a strong book for its groundbreaking Silverstone RMBS, which last week became the first securitisation deal to sell Sonia-linked notes, and the first UK deal eligible under the simple, transparent and standardised regulatory regime.