Items Tagged with 'Private-label'


Clayton Holdings becomes first Morningstar-rated 'deal agent' for mortgage bonds

Increased oversight of private-label deals could spur market
Earlier this year, several of the "biggest bond funds on Wall Street" released a proposal to include an additional layer of oversight and protection on private-label mortgage bonds as part of an effort to jumpstart the languishing private mortgage market. Now, Morningstar Credit Ratings is helping to move the concept forward by issuing it first "deal agent" ranking.
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Latest Springleaf subprime RMBS light on triple-A

Stall in originations contributes to lower overall S&P ratings
The platform, Springleaf Mortgage Loan Trust 2013-3, received mixed preliminary ratings, ranging from AAA to B, due to operations and counter-party risks — specifically, the company’s decision to exit the originations business.
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