Fannie Mae set a record low for pricing this week in its home-loan bond programme, which makes securities out of government-guaranteed mortgages but puts buyers on the hook for losses.
The European Union has made a late move to stop self-certified mortgage loans from being securitised.
Robo-advisers, fintech digital platforms that provide automated, algorithm-driven financial options, could improve the UK consumer and mortgage loan market, says a Moody’s report.
Euro investors will have a rare opportunity to get their hands on buy-to-let paper when RNHB BV brings its inaugural public securitisation transaction, Dutch Property Finance 2017-I.
Royal Bank of Scotland reached a US$5.5bn settlement with the US Federal Housing Finance Agency last week to resolve claims that the UK bank sold shoddy mortgages to Fannie Mae and Freddie Mac in the run-up to the 2008 financial crisis.
Beyond Bank has priced a A$500m issue of Barton 2017-1 RMBS, having increased the size from a minimum A$350m.