Investments

June 19, 2013
Shellpoint Partners first RMBS deal carries geographical risk

Specialty finance firm Shellpoint Partners debuted on the...

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The central bank plans to continue purchasing additional agency mortgage-backed securities to nuture the nascent housing recovery while trying to keep unemployment rates down. 

In many ways, 2013 has marked a turning point for residential mortgage-backed securities. For starters, new issue RMBS activity is at its highest point since 2007, according to Standard & Poor’s latest report.

ReWired

"We concluded principal forgiveness results in a lower net present value than principal forbearance," the text continues. So at this point, there are no plans to remodel the Home Affordable Modification Program Principal Reduction Alternative.

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