Latest news
Latest news
Morgan's deal recalls Redwood's doctor-only pool in March
Select group of triple-A buyers hold significant pricing power
Cerberus buys Lendco, Advanzia's German credit cards, and CLO resets pause
More articles
More articles
-
Moody’s Analytics is looking for two full time researchers to create research papers and webinars showcasing data from its Structured Finance Portal, which was initially focused just on CLOs but is growing into ABS and RMBS — a process which will be sped up by Moody’s Corporation’s acquisition of data provider Lewtan. -
RMBS backed by mortgages serviced offshore could end up with performance problems due to high turnover among oversees employees inexperienced in dealing with unique borrower queries or complaints, according to a ratings agency report. The report cites loans serviced by Ocwen, CitiMortgage, JP Morgan and Bank of America, among others.
-
Paragon Mortgages will wait until next week to price its latest buy-to-let RMBS transaction after putting out initial price thoughts on Thursday. The deal could signal the start of a run of UK RMBS, with a further three potential transactions being prepared for sale in a sterling market looking to get back on track after a recent wobble in both primary and secondary.
-
Paragon Mortgages will wait until next week to price its latest buy-to-let RMBS transaction after putting out initial price thoughts on Thursday. The deal could signal the start of a run of UK RMBS with a further three potential transactions being prepared for sale.
-
Paragon Mortgages has mandated banks for its 21st RMBS transaction and could price the deal as early as Friday, as it looks to get the sterling denominated market back on track after a recent wobble in both primary and secondary.
-
Blackstone's Invitation Homes has secured preliminary triple-A ratings from Kroll and Morningstar for its third single-family rental securitization of the year, despite concerns over the deal's high leverage and low incomes from the rental properties in the portfolio.
-
Allegations made by New York financial watchdog Benjamin Lawsky that loan servicer Ocwen Financial backdated thousands of letters to borrowers, preventing them from appealing denials of loan modifications, could lead to increased servicing disruption and significant costs for residential mortgage-backed security (RMBS) investors, said analysts on Wednesday.
-
JP Morgan and Citi announced jumbo RMBS deals this week, bucking a trend in which many would-be issuers have opted to retain jumbos on balance sheet rather than launch securitizations.
-
Clarifications on representations and warranties of mortgages purchased by Fannie Mae and Freddie Mac could apply to the agencies’ risk-sharing deals, a Freddie Mac spokesperson told GlobalCapital following comments by Federal Housing Finance Agency director Melvin Watt on Monday.
