RMBS

American Residential Properties may have to pay up for its inaugural single family home rental securitization if the widening trend, as evidenced in the latest Invitation Homes pricing, persists.

Citigroup plans to issue non-conforming, U.K. residential mortgage backed securities in a deal that is backed both by buy-to-let mortgages and non-conforming purchase loans.

U.K. lenders Paragon Mortgages and Precise priced over £500 million of senior securities backed by residential mortgages last week.

Eleni Skordaki has joined Dechert's finance & reale state practice as partner in the London office.

Referring to the criteria for Prime Collateralized Securities as “a living construct,” the PCS initiative today said it had revised what determines whether a securitization receives this label of high-quality or not.

Precise Mortgages plans to issue £235 million of securities backed by non-conforming U.K. mortgages, according to a Standard & Poor’s.

U.K. buy-to-let lender Paragon Mortgages is planning its second securitization of this year, a £350 million transaction backed by a portfolio of buy-to-let mortgages.