Washington

The New RMBS Investor Meets Due Diligence 2.0 

[Update 1: Allonhill releases more info on updated due diligence platform] Much is being made about creating a new private-label residential mortgage backed securitization (RMBS) market. And why not? It’s great for financing, it will help balance alarming FHA dominance, as serve as a foil to the highly anticipated covered bond market (just as soon as we get some legislation). Yes, it looks to be a perfect synergy, a trinity of three mortgage-financing options.