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Sunday, 26 March 2017

MBS

ECB publishes NPL price guidance; Aims to kick-start disposals

IFR 2176 25 March to 31 March 2017

The European Central Bank has published final guidelines for eurozone banks on tackling the €926bn of non-performing loans estimated to be weighing on their balance sheets.

Investors snap up big ABS pipeline

IFR 2176 25 March to 31 March 2017

Investors snapped up US$12.5bn of new asset-backed supply this week, chalking up a big win for the sector in its busiest period of the year.

First quarter set to end on high note

IFR 2176 25 March to 31 March 2017

Capital One’s US$3bn credit card trade was the biggest ABS deal in a massive US$12.5bn week for primary deal flow.

Irish re-performing goes mainstream

IFR 2176 25 March to 31 March 2017

Lone Star ratcheted in pricing on Thursday on the first public Irish RMBS trade backed by re-performing mortgages, showing a growing demand for a once taboo asset class.

Spanish RMBS sees double with Prado IV

IFR 2176 25 March to 31 March 2017

A second Spanish RMBS hit the market on Thursday, with Union de Creditos Inmobiliarios (UCI) announcing the fourth trade in its Prado series.

Blackstone brings second Spanish re-performing RMBS

IFR 2176 25 March to 31 March 2017

Spain Residential Finance began marketing SRF 2017-1 Fondo de Titulizacion, last week, the second Spanish RMBS deal from Blackstone backed by re-performing collateral.