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Items Tagged with 'RMBS'

ARTICLES

Ocwen-related RMBS deals were just hit with major downgrade

Fitch follows through on threat to downgrade Ocwen deals
Ben Lane
Less than a month ago, Fitch Ratings sounded the alarm on residential mortgage-backed securities that contain loans serviced by Ocwen Loan Servicing, an affiliate of Ocwen Financial, telling investors to expect a downgrade on the ratings of Ocwen-related RMBS transactions soon. And Friday, Fitch followed through on that threat.
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Mortgage bond investors don’t trust lenders either

Bloomberg explores where the private capital went
Ben Lane
It turns out that everyday people weren’t the only ones whose trust was broken by the crisis. According to a new report from Bloomberg, mortgage bond investors aren’t buying right now because they’re scared, too.
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ABS Vegas: What’s holding the non-agency RMBS market back?

Industry leaders discuss what has to be resolved to revive it
Trey Garrison
What is stopping the marginal non-agency RMBS deal today, and if volume increases, what are the inhibitors to gaining scale in the market? Here's what the experts say.
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WinWater Home Mortgage prepping first jumbo RMBS of 2015

$283.88 million offering receives AAA ratings
Ben Lane
One of 2014’s new players in the prime jumbo residential mortgage-backed securitization market is back for more in 2015. WinWater Home Mortgage, which brought its first jumbo RMBS to market in June of last year, is prepping its first jumbo RMBS of 2015.
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It’s official: S&P to pay record-breaking fine for misleading RMBS investors

Settlement with DOJ resolves claims of inflated pre-crisis ratings
Ben Lane
A credit ratings agency is finally facing the music. As was first rumored in early January, Standard & Poor’s will indeed pay $1.375 billion as part of settlement with the U.S. Department of Justice and nearly 20 states over claims that S&P knowingly misled mortgage bond investors by issuing trumped up ratings for pre-crisis residential mortgage-backed securities.
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JPMorgan launching massive ARM-only jumbo RMBS

$940.1 million offering receives AAA ratings
Ben Lane
After exploring various securitzation structures throughout 2014, JPMorgan Chase & Co. is kicking off its 2015 in a big way, prepping a massive residential mortgage-backed securitization backed entirely by adjustable-rate mortgages.
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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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