Ocwen Chairman Erbey resigns as company admits misconduct

Ocwen Chairman Erbey resigns as company admits misconduct

Company to pay $150 million to homeowners

Existing home sales collapse 6.1% in November

Tumble comes amid record low declining rates, prices

Monday Morning Cup of Coffee: Oil’s crash will impact MBS market

Mortgage fraud is still a problem, plus the gift of housing metrics
W S

Items Tagged with 'RMBS'

ARTICLES

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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Reuters: DOJ collects $24.7 billion in settlements in 2014

JPMorgan Chase & Co., Citigroup, BofA among biggest settlements
Levi Shultz
The U.S. Department of Justice reported a total of $24.7 billion in settlements for fraud and other cases in 2014. Approximately $11 billion came from settlements with JPMorgan Chase & Co. and Citigroup, along with $16.65 from Bank of America.
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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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Ambac’s 3Q income plummets 64%

Falls from $231M in 2013 to $82.5M in 2014
Ben Lane
While the company’s net income was down 64% year-over-year, Ambac’s third quarter performance was up dramatically over its second quarter results, in which the company posted a net loss of $207.9 million.
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Two Harbors unveils fourth jumbo RMBS

$356.33 million securitization receives AAA ratings from DBRS
Ben Lane
DBRS cites the high quality of the underlying loans as a strength of the deal. “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 writes in its presale report.
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JPMorgan’s latest jumbo RMBS receives AAA ratings from Fitch, KBRA

$262 million offering backed by 15-year notes
Ben Lane
Fitch Ratings and Kroll Bond Rating Agency both issued presale reports to JPMMT 2014-5 and awarded AAA ratings to the majority of the tranches of the deal.
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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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