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U.K. banks are turning to the covered bond market as a viable funding tool for their mortgage books, with three deals being announced this week.
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Shad Quraishi, vice chairman, risk syndication, distribution and capital raising at New York-based broker dealer NewOak Capital Markets, has moved to Broadsmoore Group, a financial advisory firm
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Santander U.K. has followed up its latest residential mortgage securitization with an issuance from its covered bond program.
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CFA Institute is worried that reforms of the asset-backed securities market will swamp investors with information.
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Kroll Bond Rating is in the early stages of putting together a commercial mortgage-backed securities ratings group.
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Svensk Hypotekspension, a Swedish-based lender, has placed its SEK900 million ($123.8 million) SH Fond 1 AB (publ) with a club of private Swedish investors at par, according to a banking official close to the deal.
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Markit is rolling out a new MBX agency mortgage bond index that caters to investors looking for exposure to both interest-only swaps and principle-only cash flows.
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Lloyds Banking Group will retain its latest residential mortgage securitization.
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Agency traders are welcoming the New York Federal Reserve's recent paper on the need to preserve the secondary market when overhauling the government-sponsored entities.
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Lloyds Banking Group is issuing a £3.57 billion ($5.52 billion) residential mortgage securitization, Edgbaston RMBS 2010-1.