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RMBS rep and warranty warning
Recent rep and warranty proposals in new US RMBS deals may expose investors to added risks from weak...
News Round-up 21 February 2013 -
Re-mods lengthening RMBS cashflows
Overall modification rates for US non-agency RMBS were significantly lower in 2012 than they were tw...
News 20 February 2013 -
Mixed performance for Mexican RMBS
Persistent servicer challenges and declining recovery rates colour the performance of Sofoles-sponso...
News Round-up 20 February 2013 -
Viable exit
Private label refi initiatives gaining traction
Providing performing borrowers in non-agency RMBS pools with a viable exit from their high-interest...
News Analysis 20 February 2013 -
Action consequences
Increased focus on rating agency performance
Competing rating agencies could gain market share due to the US Department of Justice's civil lawsui...
News Analysis 19 February 2013 -
New role for legal vet
Joel Katz has joined Cantor Fitzgerald as md. In his new role he covers banks in Cantor's DCM mortga...
Job Swaps 18 February 2013 -
RMBS trader moves on
David Lehman has joined Hudson Advisors in New York. He is vp, with responsibility for re-performing...
Job Swaps 18 February 2013 -
REIT demand returns
Higher MBS yields and rising stock prices have changed the investment landscape for US mortgage REIT...
News 15 February 2013 -
Securitised products vets shift roles
Morgan Stanley has made a number of changes to its securitised products group. Yared Yawand-Wossen,...
Job Swaps 14 February 2013 -
Wake-up call
Change in transparency, buying behaviour needed
The recent indictment of former Jefferies trader Jesse Litvak for misrepresenting RMBS prices has se...
News Analysis 14 February 2013 -
FHA reform gaining momentum?
FHA reform discussions gained momentum last week, with the House Financial Services Committee holdin...
News Round-up 13 February 2013 -
New agency derivative indices debut
Markit has launched IOS, PO and MBX indices referencing 3% and 3.5% Fannie Mae pools issued in 2012....
News Round-up 13 February 2013 -
ABS trading exec recruited
KNG Securities has appointed Armando La Morgia to its fixed income team, as the firm builds its pres...
Job Swaps 13 February 2013 -
Healthy mix in quieter RMBS session
US RMBS is not the only market to have gone quiet in the wake of the heavy snow in the north-eastern...
Market Reports 12 February 2013 -
RMBS interest shortfalls increasing
Morningstar Credit Ratings has reviewed monthly occurrences of interest shortfalls in US RMBS across...
News Round-up 12 February 2013 -
Flagstar first for warranty cases
The US District Court for the Southern District of New York last week ruled that Flagstar Bancorp wa...
Job Swaps 12 February 2013