GMAC-RFC and the Kensington Group have both announced mortgage-backed securitisation deals.
GMAC-RFC's 15th and largest-to-date transaction is valued at £1.5bn and is the lender's second mixed collateral deal to involve prime, near-prime and non-conforming collateral.
GMAC-RFC capital markets director Stephen Hynes says the deal gives investors an opportunity to see the lender's prime and near-prime collateral together with non-conforming loans, which have been securitised in the programme previously.
Kensington Group's deal sees it launch its latest £700m mortgage-backed securitisation. Residential Mortgage Securities 18 includes a tranche of bonds targeted at money market investors.
Kensington Group finance director Simon Kingdon says: “Market demand for Kensington's securitisations has continued to strengthen. The RMS 18 pricing has resulted in a significant reduction in our cost of funds. Morgan Stanley and The Royal Bank of Scotland, joint lead managers, continued to broaden and deepen the global investor base and have achieved excellent results.”