Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

LandCastle Title’s operations will not be affected

8 avoidable mistakes first-time homebuyers keep making

Stop doing these things

Trending Thursday: CFPB data collection worse than the NSA?

Slowly but surely GSE shareholders cutting into Treasury, FHFA secrecy
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Items Tagged with 'RMBS'

ARTICLES

SEC fines hedge fund advisor for inflating mortgage bond prices

AlphaBridge Capital Management clients charged higher fees
Ben Lane
The Securities and Exchange Commission fined a Connecticut-based hedge fund advisory firm for fraudulently inflating the prices of residential mortgage-backed securities in hedge fund portfolios it managed.
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Moody’s: SEC disclosure rule for due diligence enhances RMBS transparency

Rule 15Ga-2 improves risk assessment for investors
Trey Garrison
The U.S. Securities and Exchange Commission’s Rule 15Ga-2 takes effect on June 15, for new residential mortgage-backed securities, and it should provide transparency into the credit quality of mortgage loans underlying transactions. How will this affect you?
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Moody’s: New mortgage disclosure rule will increase risk for US RMBS

Question is how much RMBS trusts will be liable for lender errors?
Trey Garrison
The new CFPB disclosure rules, along with the potential for increased costs in the event of non-compliance, raise the risk of losses for RMBS trusts. Here’s why.
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Fitch: RMBS investors seek better mortgage servicing

5 requests from the mortgage bond side
Brena Swanson
Despite tons of regulation, bond investors are far from satisfied with the mortgage servicing industry. And so, here are 5 steps from Fitch Ratings, which they say bond investors want mortgage servicers to take, in order to make things better.
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Moody’s: Stopping eminent domain seizures of underwater mortgages a credit positive

Bill that would thwart municipal seizures good for RMBS
Trey Garrison
The House of Representatives’ Appropriations Subcommittee approved a bill last week for the fiscal year that would keep municipalities from using eminent domain to seize underwater mortgages. Here's why Moody's Investors Service says it's a good thing for investors.
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From HW Magazine

Is the threat of subprime bond lawsuits fading?

Investors may finally get paid
Amy Macintosh
A new target for investors looking to recover RMBS will be the trustees. In addition to the on-going global settlement cases, new lawsuits were issued last year between investors and trustees. This new type of litigation was initiated for investors to recover their losses on RMBS by accusing trustees of negligence and breach of contract.
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In defense of Ocwen: Servicer’s track record deserves a second look

Even deep in the weeds there is a path
Trey Garrison
When you have a coalition of housing advocates, investors and investment managers singing your praises about how you act as a servicer, there's got to be a silver lining to the clouds. At least, that's probably what Ocwen is thinking right now.
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DBRS: The future is bright for jumbo mortgage bonds

Number of issuers growing; positive trends emerging
Ben Lane
Despite a drop in the number of prime jumbo residential mortgage-backed securitizations from 2013 to 2014, several trends are beginning to emerge that show the future of jumbo mortgage bonds is strong, DBRS said in a new report.
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Low oil prices a credit positive for most ABS sectors

Moody’s: Here’s how it will impact various sectors
Trey Garrison
The big drop in oil is having an impact on a lot of asset-backed securities, and here’s how it will affect mortgage-backed securities.
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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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