-
RBS novation confirmed
Fitch confirms that there is no rating impact following the novation by RBS NV to RBS plc, ABN AMRO...
News Round-up 11 July 2013 -
NRPMT 2013-1 concentration scrutinised
Fitch has released an unsolicited comment on NRP Mortgage Trust 2013-1, Nomura Corporate Funding Ame...
News Round-up 11 July 2013 -
Appraisal exemptions extended
The US Fed, the CFPB, the FDIC, the FHFA, the NCUA and the OCC have issued a proposed rule that woul...
News Round-up 11 July 2013 -
Large list looks like GSE sell-off
Non-agency US RMBS have largely held on to their year-to-date gains, despite the uncertainty caused...
News 11 July 2013 -
Scope for litigation expanding?
As litigation with respect to loan origination and other issues stemming from the financial crisis b...
News Round-up 10 July 2013 -
US RMBS makes welcome return
The US RMBS secondary market sprang back to life yesterday after a string of quiet sessions before a...
Market Reports 10 July 2013 -
Freddie credit quality examined
Kroll Bond Rating Agency has published an analysis of Freddie Mac's historical performance data that...
News Round-up 10 July 2013 -
UK servicer appoints operations chief
Paul McMillan has joined mortgage servicer Acenden as coo. He reports to ceo Amany Attia and joins t...
Job Swaps 10 July 2013 -
Prepays set to move sharply lower
Total FNCL pay-downs fell by 9% month-on-month in June to US$40.5bn at 24.6 CPR, according to Barcla...
News 9 July 2013 -
Social housing arrears jump on 'bedroom tax'
The UK National Housing Federation has published a report showing the impact of the government's con...
News Round-up 8 July 2013 -
Dutch bank adds senior analyst
Ruben van Leeuwen has joined Rabobank as senior ABS analyst. He joins from ABN Amro and will provide...
Job Swaps 8 July 2013 -
Government-sponsored exits?
GSE sell-offs raise questions about future
Fannie Mae and Freddie Mac are in the process of moving around US$60bn in guaranteed mortgages over...
News Analysis 8 July 2013 -
No holiday for Euro RMBS
Although secondary markets on either side of the Atlantic were quiet yesterday, some activity was ob...
Market Reports 5 July 2013 -
Repeat Bankia tender under way
Bankia has announced a tender offer for 17 senior Spanish RMBS tranches - across 12 2004-2...
News Round-up 5 July 2013 -
Dawning realisation
Forbearance losses stack up on transferred MSRs
The large losses realised by Ocwen on loans previously serviced by Homeward Residential (AHM) came a...
News Analysis 5 July 2013 -
Europe reacts to unusual RMBS, ABS deals
It has been an interesting couple of weeks in European RMBS and ABS, with noteworthy primary issuanc...
Market Reports 4 July 2013