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RMBS

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  • Richmond, Calif., has given 32 servicers and trustees of residential mortgage-backed securitizations an Aug. 13 deadline to respond to its offer to buy 626 underwater mortgages out of private-label securities.
  • Cerberus Capital Management has hired Daniel Choquette as managing director with the firm’s mortgage-backed securities group.
  • Portuguese bank Caixa Económica Montepio Geral bought back €63.5m of Pelican and Sagres RMBS in its latest tender offer.
  • Morgan Stanley Investment Management is hoping to convince more European investors to participate in its new Global Mortgage Securities Fund, a Luxembourg-registered fund that primarily invests in US non-agency Alt-A RMBS.
  • Morgan Stanley Investment Management is hoping to convince more European investors to participate in its new Global Mortgage Securities Fund, a Luxembourg-registered fund that primarily invests in U.S. non-agency Alt-A residential mortgage-backed securities.
  • Portuguese bank Caixa Económica Montepio Geral bought back EUR63.5 million ($84.23 million) of Pelican and Sagres residential mortgage-back securities in its latest tender offer.
  • Morgan Stanley Investment Management is hoping to convince more European investors to participate in its new Global Mortgage Securities Fund, a Luxembourg-registered fund that primarily invests in US non-agency Alt-A RMBS.
  • The city of Richmond, Calif. has taken the first step toward acquiring mortgage loans out of private-label residential mortgage-backed securities with or without the consent of investors in those securities.
  • Italian mortgage prepayment rates hit an all-time low at the end of 2012, Fitch Ratings said this week.