RMBS

Midgard Prosjekt I ASA (to be renamed Skandiabanken Boligkreditt) plans to offer NOK17 million ($2.05 million) of covered bonds backed by a NOK13 billion pool of Norwegian residential mortgages.

Joshua Baumgarten will leave The Blackstone Group in 2016 for Angelo, Gordon & Co. where he has been named head of credit.

Real estate finance expert Brian Olasov has joined the Atlanta office of Carlton Fields Jorden Burt as executive director, financial services consulting.

Mars Capital Finance is returning to market with a securitization of U.K. nonconforming and reperforming owner-occupied and buy-to-let mortgage loans, according to Standard & Poor’s.

While issuance of Spanish covered bonds has fallen over the past couple of years, the credit quality of these programs has been improving.

Banks are seeing stronger consumer demand for credit for a range of products, including residential mortgages, auto loans and credit cards, according to a Federal Reserve Board survey of senior loan officers released Monday.

Clydesdale Bank is marketing £4.6 billion of securities backed by a pool of U.K. prime residential mortgages under its Lanark master trust.

Multi-issuer Spanish covered bonds are benefiting from an ongoing shift in the composition of assets in cover pools, according to Fitch Ratings.