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NPLs

NPLs refers to securitisations that are structured utilising non-performing loans from either one or a collection of loan issuers. Typically involving large whole loan portfolios from distressed asset investors or non-core asset disposals from a bank, NPL securitisations are a strongly growing part of the structured credit and ABS markets. NPL structures used to date include ABS, RMBS and CLOs, though it is likely that these will broaden to CMBS and beyond in time.


  • Fannie NPL pool purchased

    New Jersey Community Capital (NJCC) is the winning bidder for Fannie Mae's second community impact p...

    News Round-up    29 February 2016
  • Belgian SME deals 'strong performers'

    Deals that are backed by loans to Belgian small businesses should emerge as one of the strongest per...

    News Round-up    22 February 2016
  • Italian NPL losses to be recognised?

    The Italian government's guarantee of senior notes under its NPL securitisation proposal (SCI passim...

    News Round-up    17 February 2016
  • Fourth set of FNMA NPLs sold

    Fannie Mae has revealed the winning bidders from its fourth NPL sale, whi...

    News Round-up    12 February 2016
  • SCI Start the Week - 8 February

    A look at the major activity in structured finance over the past seven days

    Pipeline Pipeline additions were heavily skewed to ABS last week. A total of 11 ABS deals were ad...

    News    8 February 2016
  • Creval offloads NPLs

    Creval Group has agreed to sell a €314m securitisation of secured and unsecured NPLs to Cr...

    News Round-up    3 February 2016
  • Italian valuation gap highlighted

    A decree formalising the Italian treasury's €200bn NPL plan (SCI 28 January) is expected s...

    News Round-up    2 February 2016
  • SCI Start the Week - 1 February

    A look at the major activity in structured finance over the past seven days

    Pipeline The pipeline was slightly quieter last week as fewer deals joined and fewer deals left. At...

    News    1 February 2016
  • Catalonia law irks NPL buyers

    A new Catalonian law on housing emergencies could deter potential purchases of Spanish mortgage NPLs...

    News Round-up    1 February 2016
  • Law firm promotes SF pros

    Cadwalader has elected new partners and made promotions to special counsel, with a number of structu...

    Job Swaps    28 January 2016
  • NPL guarantee hailed

    The Italian government is set to introduce rules establishing a guarantee mechanism, dubbed Garanzia...

    News    28 January 2016
  • Fresh Freddie NPL sales scheduled

    Freddie Mac is marketing its latest NPL offering, an auction of US$1.6bn in seasoned non-performing...

    News Round-up    27 January 2016
  • Fannie to offload more NPLs

    Fannie Mae has announced another sale of NPLs, including a second community impact pool. The communi...

    News Round-up    14 January 2016
  • SCI Start the Week - 11 January

    A look at the major activity in structured finance over the past seven days

    Pipeline Pipeline additions picked up last week as market participants returned to their desks fo...

    News    11 January 2016
  • NPL pro recruited

    Crayhill Capital Management has appointed Thomas Wickwire as md in its New York office. He will serv...

    Job Swaps    8 January 2016
  • Bank sheds large NPL portfolio

    Banca Monte dei Paschi di Siena (BMPS) has sold a non-performing loan portfolio to Epicuro SPV, a se...

    News Round-up    5 January 2016
  • Remits ramp up

    November saw a spike in US CMBS 2.0 remittance activity. Highlights include foreclosure of an 'oil b...

    News    10 December 2015
  • Latest SPO sale completed

    Freddie Mac has sold via auction 5,311 deeply delinquent non-performing loans (NPLs) serviced by Wel...

    News Round-up    9 December 2015
  • NPL, RPL RFC issued

    Moody's is requesting feedback on proposed changes to its methodology for rating securities backed b...

    News Round-up    25 November 2015
  • Winning NPL bidders named

    Fannie Mae has announced the winning bidders for its third non-performing loan (NPL) sale of approxi...

    News Round-up    18 November 2015
  • CMBS payoff rate climbs

    October's payoff rate for loans backing US CMBS rose from 84.3% in September to 86% in October, acco...

    News Round-up    13 November 2015