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FHFA hearing: GOP fear housing policy headed for Crash 2.0

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Fires back at “baseless, groundless” charges of mortgage payment negligence
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Items Tagged with 'DBRS'

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Two Harbors launching this year's first jumbo RMBS

$279.5 million offering receives AAA ratings
Ben Lane
Agate Bay Mortgage Trust 2015-1 is backed by 406 loans with a total principal balance of $279,487,083 and an average loan balance of $688,392. Fitch Ratings and DBRS both issued presale reports for the offering and both awarded nearly $260 million in AAA ratings to the offering.
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DBRS acquired by The Carlyle Group and Warburg Pincus

Ratings agency plans growth in U.S.
Ben Lane
Investors including The Carlyle Group and Warburg Pincus have acquired DBRS, the fourth-largest global credit rating agency. DBRS said that the acquisition should fuel growth in the U.S.
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Latest jumbo RMBS from Credit Suisse awarded AAA ratings

DBRS cites high quality borrowers as strength of deal
Ben Lane
“This transaction exhibits high-quality credit attributes such as low loan-to-value ratios, strong borrower credit and full documentation on substantially all loans,” DBRS said in its presale report. “In addition, the pool contains no interest-only loans and no investment properties.”
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Here comes another jumbo RMBS from JPMorgan

$355.64 million offering receives triple-A ratings
Ben Lane
J.P. Morgan Mortgage Trust 2014-OAK4 built on a pool of 434 loans with an aggregate loan balance of $355.64 million. The offering contains loans with an average balance of $819,448 and has a weighted average loan-to-value of 73.7%.
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JPMorgan breaks new ground with ARM-only jumbo RMBS

$483.56 million jumbo RMBS is backed by 5/1, 7/1, 10/1 ARMs
Ben Lane
"The payment shock to the borrower for hybrid ARMs and IO loans can be significant, particularly in a historically low interest rate market," Kroll Bond Rating Agency said in its presale report. "In such an environment, rate increases are likely and refinancing opportunities may be limited."
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Two Harbors bringing another jumbo RMBS to market

$374.34 million securitization receives AAA ratings from DBRS
Ben Lane
Two Harbors is set to bring its third Agate Bay securitization to market, in the form of Agate Bay Mortgage Trust 2014-2. The $374.34 million RMBS is backed by 543 loans with an average loan balance of $689,393.
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DBRS: CFPB rules, tighter credit driving down mortgage originations

Until uncertainty with QM, ATR settled, many buyers will be shut out
Trey Garrison
Federal regulations coupled with a general shift from refinance to purchase activities have resulted in historically low volumes of mortgage loan originations, even though home prices have continued to rebound and delinquency and foreclosure rates are at their lowest levels in years.
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Are the jumbo RMBS floodgates finally re-opening?

Credit Suisse brings third jumbo RMBS to market this year
Ben Lane
The offering comes nearly three months after Credit Suisse launched its most recent jumbo RMBS and becomes the sixth offered by the bank since the housing recovery began. It also marks a trend of increasing jumbo RMBS offerings over the last few months.
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S&P awards AAA ratings to $303M jumbo RMBS from JPMorgan

Kroll, DBRS and Fitch also awarded AAA ratings
Ben Lane
In its presale report, S&P noted the high-quality collateral included in the pools as one of the reasons for the quality of the ratings it awarded.
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JPMorgan brings $303 million jumbo RMBS to market

Bond uses 15-year mortgages
Ben Lane
This is JPMorgan's second offering of 2014, but this one is backed by 15-year notes. It also has lower LTV and DTI ratios than previous offerings.
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