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Top 5 cities where safety is not a question

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FHFA scorecard should be marked tardy

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What We're Reading: The Good Friday edition

Items Tagged with 'RMBS'


HSBC gets the go ahead to sue Deutsche Bank over reps and warrants

Judge denies motion to dismiss case from pre-crisis RMBS deals
April 16, 2014
A New York judge denied Deutsche Bank’s bid to dismiss four lawsuits that would force it to either pay damages or buy back subprime mortgages packaged into RMBS back before the start of the 2008 financial crisis.
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BAC posts $276M loss in 1Q driven by $6B in mortgage litigation costs

Bank makes headway with legacy, delinquent mortgages
April 16, 2014
Heavy mortgage-related litigation expenses and a mortgage lending business in retreat hurt Bank of America in the first quarter of 2014, with the bank forking over $6 billion in mortgage-related litigation costs this quarter.
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Moody's: Johnson-Crapo could ramp up issuance of private-label RMBS

See positive potential in Senate GSE reform measure
April 14, 2014
Moody's says the GSE package could help kick-start issuance in the private-label residential mortgage-backed securities.
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Delinquency rate on private RMBS is nonexistent

Just two of 20,000 since 2010 are delinquent
April 10, 2014
The delinquency rates on recently issued U.S. RMBS are almost nonexistent almost four years after the first post-housing crisis deal was signed, Fitch Ratings says in its new U.S. prime jumbo RMBS monthly trends report.
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RMBS servicers finally getting a break?

Advance rates rebounding with home price gains
March 26, 2014
The decline servicer advancing rates suffered over the last several years is leveling off and servicers could see a positive change in trajectory – at least by modest degrees – as home price gains of 20% since 2012 upped recovery values for servicers.
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Nonbanks changing RMBS, MSR servicing landscape

New normal: More aggressive loan mods, oversight
March 26, 2014
It’s been a year of great change and the new normal is emerging for RMBS servicers, especially those focusing on the severely delinquent mortgage loans segment.
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Non-qualified mortgage bond ratings getting closer

Investors increasingly interested in the asset class
March 25, 2014
Investors are increasingly interested in non-QM loans, and Moody’s Investors Service is now also seeking commentary on its proposed approach to evaluating and rating QM and non-QM loans for securization as residential mortgage-backed securities.
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Fitch finalizes ratings guidance on QM securitizations

Checklist to triple-A
March 18, 2014
The criteria help lay the groundwork for the eventual issuance of these residential-mortgage backed securities.
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Redwood breaks RMBS drought ahead of schedule

Didn't expect issuance until 2H14
March 18, 2014
The once regular private issuer of jumbo mortgage bonds said it was looking to place a new RMBS in the second half of the year. The latest deal, then, is a little ahead of that schedule.
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Monday Morning Cup of Coffee: Fannie, Freddie exit bill finally arrives

Plus, what will Yellen do?
March 16, 2014
Everything you need to know about the Johnson-Crapo bill. Also, Federal Reserve Chair Janet Yellen could have a trick up her sleeve for this week's FOMC meeting. Plus, what's the real reason the stock market tanked last week?
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