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Slower RMBS liquidation rates observed
Morningstar projects that it will take 41 months to clear RMBS distressed inventory in the US, given...
News Round-up 23 August 2013 -
'Passporting' framework recommended
SFIG has submitted a comment letter to the EBA regarding its consultation paper on revised proposed...
News Round-up 22 August 2013 -
Motion to dismiss denied
A California Superior Court judge has denied S&P's motion to dismiss a lawsuit filed by Cali...
Job Swaps 22 August 2013 -
QRM revision anticipated
The federal agencies responsible for jointly promulgating the risk retention rule under the Dodd-Fra...
News Round-up 22 August 2013 -
RFC cashflow errors corrected
Moody's has confirmed the ratings of 13 tranches and upgraded the ratings of five tranches across se...
News Round-up 21 August 2013 -
FHFA settlement costs increasing?
UBS last month agreed to settle FHFA claims relating to misrepresented US RMBS sold to Fannie Mae an...
News 21 August 2013 -
Mexican loan modifications due
Mexican servicers Patrimonio and Tertius are set to apply a number of loan modification proposals (L...
News Round-up 21 August 2013 -
Forbearance-related downgrades hit
S&P has lowered its ratings on 31 classes from 19 US RMBS and removed 26 of them from credit...
News Round-up 21 August 2013 -
RMBS ratings reviewed
S&P has completed a review of over 60,000 ratings across more than 5,500 US RMBS. The transa...
News Round-up 21 August 2013 -
Ambac supplemental payments discussed
The segregated account of Ambac Assurance is this month expected to begin making cash payments on ce...
News 20 August 2013 -
FGIC emerges from rehabilitation
The Superintendent of Financial Services of the State of New York, in his capacity as the court-appo...
Job Swaps 20 August 2013 -
Mortgage insurance recommendations released
The Joint Forum has released its final report on 'Mortgage insurance: market structure, underwriting...
News Round-up 20 August 2013 -
Non-agency leans on legacy list
US non-agency RMBS secondary supply shot up yesterday to around US$1.25bn on the back of a US$1.1bn...
Market Reports 20 August 2013 -
Objection filed against FGIC settlement
A number of investors - collectively holding over US$714m of wrapped Residential Capital s...
Job Swaps 19 August 2013 -
Structured finance partner named
Squire Sanders has recruited Mark Thomas as partner in its financial services practice group in Lond...
Job Swaps 19 August 2013 -
Further IndyMac appeal filed
IndyMac Bancorp's former chief executive Michael Perry has made another filing in ongoing litigation...
Job Swaps 19 August 2013