-
Best practices
Noteholder communications, technology and clearing systems discussed
Participants in SCI's latest corporate trust roundtable met in December to discuss post-closing best...
News Analysis 13 February 2014 -
NHG approach clarified
S&P has published additional criteria for assessing the support from the NHG guarantee in Du...
News Round-up 13 February 2014 -
Mod claims delay Countrywide settlement
Approval of the US$8.5bn Countrywide RMBS settlement (SCI 3 February) has been stayed by Justice Sal...
News 12 February 2014 -
Stable outlook for Russian SF
Moody's outlook for the performance of Russian RMBS and ABS in 2014 is stable. The agency's view is...
News Round-up 12 February 2014 -
Quieter start for US RMBS
Bid-list activity eased off in the US RMBS market yesterday, with total non-agency BWIC volume of ar...
Market Reports 11 February 2014 -
Stable outlook for Canadian SF
S&P expects Canadian consumer ABS credit ratings to remain stable in 2014, despite the likel...
News Round-up 10 February 2014 -
MFDRA expiration to pressure recoveries
The recently expired tax relief provided by the Mortgage Forgiveness Debt Relief Act (MFDRA) may lea...
News Round-up 7 February 2014 -
MBS funds outperform
Hedge fund performance was negative in January, falling by an average of 0.6%, according to eVestmen...
News Round-up 7 February 2014 -
MSR purchase on hold
At the request of the New York Department of Financial Services (DFS), Ocwen has agreed to put an in...
News Round-up 7 February 2014 -
Settlement payments materialising
Settlement payments from two mortgage insurers were reflected in last month's US RMBS remittances. ...
News Round-up 7 February 2014 -
STACR approach refined
Freddie Mac is in the market with its first risk-sharing transaction of the year. The US$600m STACR...
News Round-up 6 February 2014 -
RFC issued on Aussie set-off risk
Moody's has requested comment on the approach it is proposing in assessing set-off risk in relation...
News Round-up 5 February 2014 -
RMBS tender amended
Fir Tree Partners has amended certain terms of its cash tender offer for six RMBS that are subject t...
News Round-up 5 February 2014 -
FHFA RMBS claim settled
Morgan Stanley has agreed to settle RMBS claims brought by the FHFA for US$1.25bn. The company will...
Job Swaps 5 February 2014 -
'Unusual' accounting flagged
A number of US RMBS that were originally serviced by Bank of America but were recently transferred t...
News Round-up 5 February 2014 -
Further ESAIL restructuring underway
Noteholders of another UK RMBS - ESAIL 2007-PR1 - have directed the trustee to e...
News Round-up 5 February 2014