Fannie Mae: Collateral Underwriter not disrupting appraisals

FHFA hearing: GOP fear housing policy headed for Crash 2.0

Democrats say affordable housing, more lower-down policies needed

Ocwen: Mortgage bond investors mislead public, push foreclosures

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

ARTICLES

Here's why Standard & Poor's mortgage bond fraud is so shocking

SEC: S&P lied about mortgage bond ratings
Jacob Gaffney
“They lied,” one source said of the SEC charge that S&P “published a false and misleading article purporting to show that its new credit enhancement levels [for CMBS ratings] could withstand Great Depression-era levels of economic stress." But that's still not the most shocking development.
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Credit Suisse planning 2015’s second jumbo RMBS

$381.59 million offering receives AAA ratings
Ben Lane
Credit Suisse is set to bring the year’s second prime, jumbo residential mortgage-backed securitization to market. The $381.59 million offering was assigned mostly AAA ratings by credit ratings agency 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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Fitch: Fourth quarter set post-crisis record for jumbo RMBS issuance

Still room to boom, though
Ben Lane
The last three months of 2014 saw more prime jumbo residential mortgage-backed securitizations issued than in any quarter since the financial crisis began, but the issuance is still “glacial by historical standards,” according to a new report from Fitch Ratings.
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Credit Suisse plans to fight $10 billion toxic mortgage lawsuit

New York AG: Investors lost $11.2 billion
Ben Lane
Credit Suisse is planning to fight a $10 billion lawsuit brought against the bank by the State of New York, alleging the bank of misleading investors in the mortgage-backed securities it issued in the run-up to the financial crisis.
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Moody’s: Ocwen’s $150M settlement won’t hurt RMBS investors

But it won’t help either
Ben Lane
There’s good news and bad news for RMBS investors when it comes to the $150 million settlement between Ocwen Financial and New York Department of Financial Services. The good news? Ocwen’s settlement won’t hurt RMBS transactions. The bad news? The settlement isn’t going to help RMBS transactions either.
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Prime jumbo non-agency RMBS issuance grows slowly in 2015

Housing needs nonagency securitization using private capital
Trey Garrison
The future of the nonagency RMBS market will require private capital, but it's not clear how that can be achieved. Here are the details.
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WinWater Home Mortgage brings third jumbo RMBS to market

$263.68 million offering receives AAA ratings from DBRS
Ben Lane
Residential mortgage conduit aggregator WinWater Home Mortgage is back with its third prime jumbo securitzation of 2014. The $263.68 million offering received AAA ratings from DBRS.
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Goldman Sachs launches first jumbo mortgage bond since crisis

Bringing RMBS back
Ben Lane
One of the most notorious names from the mortgage crisis is back. Goldman Sachs, which was at the forefront of the toxic mortgage crisis that nearly crippled the U.S. economy, is preparing to launch its first post-crisis prime jumbo residential mortgage-backed securitization.
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Court rulings in unpaid HOA fees raise risk in RMBS, SFR deals

Moody’s: Newer deals have provisions to mitigate risk
Trey Garrison
A new report from Moody’s Investors Service spotlights how recent rulings by the highest courts in Nevada and Washington, D.C. on unpaid HOA fees raise risk in residential mortgage-backed securities and single-family rental securitizations.
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