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Thursday, 20 July 2017

MBS

Fannie Mae

Fannie Mae gets best pricing yet on risk-transfer bond

20 July 2017

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.

Mortgage

EU moves to stop securitised self-certified mortgage loans

18 July 2017

The European Union has made a late move to stop self-certified mortgage loans from being securitised.

Moody's sign

"Robo-advisers" could improve UK mortgage pool - Moody's

18 July 2017

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.

Housing

RNHB offers rare BTL paper to euro market

17 July 2017

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.

RBS hit for US$5.5bn in RMBS settlement

IFR 2192 15 July to 21 July 2017

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 prices RMBS

IFR 2192 15 July to 21 July 2017

Beyond Bank has priced a A$500m issue of Barton 2017-1 RMBS, having increased the size from a minimum A$350m.