Items Tagged with 'RMBS issuance'

ARTICLES

  • S&P: Mortgage bond issuance doubled in 2017, will continue rising in 2018

    RMBS issuance jumped from $34 billion in 2016 to $70 billion in 2017
    Back in June, Standard & Poor’s Global Ratings said that 2017 was on track to be the best year for the residential mortgage-backed security market since 2013. Now that the final numbers are in, it looks like 2017’s mortgage bond issuance exceeded even the sunniest of forecasts.
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  • AIG breaks into mortgage securitization big-time with high quality first offering

    Underlying mortgages’ average FICO scores are highest since crisis
    When American International Group sold its mortgage-guaranty unit United Guaranty to Arch Capital Group last year, the company said that it planned to turn to residential mortgages to make up for the loss in revenue from the sale of United Guaranty. But AIG didn’t start originating new loans. Rather, the company has been buying up high-quality jumbo mortgages, and now plans to securitize those loans.
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  • S&P: Mortgage bond market on track for best year since 2013

    RMBS issuance in 2017 more than doubles 2016’s totals
    Thanks to the residential mortgage-backed security market continuing its strong performance in the month of May, RMBS-related issuance is now on track to have its best year since 2013, a new report from Standard & Poor’s Global Ratings shows.
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  • S&P: Mortgage-backed security market making a comeback in 2017

    First quarter issuance doubled 2016’s total
    Back in February, DBRS predicted that the residential mortgage-backed security market could see a resurgence in 2017 thanks to rising interest rates, which both drive down refinances and make securitization a more financially appealing option. As it turns out, that’s exactly what’s happening.
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  • AAA ratings return for non-prime mortgage bonds. Crisis redux? Maybe not

    Feature of new RMBS deal builds in greater protections for bond buyers
    The world of post-crisis mortgage bond trading is about to change, as a new mortgage bond is set to hit the market that features loans that would be considered non-prime, and also carries AAA ratings – a post-crisis first. Both Fitch Ratings and DBRS handed the deal AAA ratings on the largest tranche of the deal, but the deal is not a return to the pre-crisis world of credit ratings, at least not yet.
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  • S&P: Bond issuance hits yearly high; mortgage bonds not so much

    RMBS issuance now tracking well below 2014 and 2015
    Back in September, a report from Standard & Poor’s Global Ratings showed the mortgage bond well running dry, as the rate at which new residential mortgage-backed securities entered the market showed serious signs of slowing down. Well, S&P updated that report Tuesday, complete with bond issuance from October, and the news isn’t good for mortgage bonds or mortgage bond investors.
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  • S&P: Private mortgage bond well running dry

    Report shows 2016 RMBS issuance tracking well below 2015
    The rate at which new residential mortgage-backed securities are entering the market is slowing down, with 2016’s rate of RMBS issuance currently tracking well below last year, a new report from Standard & Poor’s Global Ratings shows.
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  • Ginnie Mae changes issuer requirements

    Rule changes address regulatory issues, mergers, ownership changes
    Citing an increase in the volume and complexity of requests for business status change approvals from its issuers, Ginnie Mae announced Tuesday a series of changes to its requirements. Click here to read Ginnie Mae's new rules.
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