Latest news
Latest news
It plans to include transactions backed by second lien fixed rate mortgages originated post-crisis
Public versus private distinction scrapped for disclosure plus new, simplified templates for mature asset classes
Meanwhile, ADMT has set guidance for its $602m non-prime deal
More articles
More articles
-
The Securities & Exchange Commission is looking into the viability of enforcement action against trustees, as other targets of litigation related to the 2008 mortgage-backed securities crisis dry up.
-
A Fastnet shelf transaction backed by loans originated by Permanent TSB has become one of the first Irish RMBS to benefit from Fitch Ratings’ decision to move the cap on the asset class’s rating back to triple-A.
-
Fitch has put specialist UK mortgage lender Kensington Mortgages’ special servicer rating on its "evolving" list, ;pointing to uncertainties created by Investec’s recent sale of the business to Blackstone and TPG Capital.
-
New York financial regulator Ben Lawsky is stopping special servicers from doing a ‘much better job’ with problem mortgages originated before the crisis, said a panellist at the ABS East conference in Miami on Sunday.
-
Pricing guidance for Progress Residential’s first single-family rental (SFR) securitization was released on Tuesday amidst growing criticism of the new asset class, but secondary market trading levels in the first SFR suggest investors are still bullish on the product. -
Investors in non-agency mortgage bond securitizations could see payments on their notes disrupted due to servicer turnover, according to a Fitch Ratings report released on Tuesday.
-
Freddie Mac's seventh risk-sharing RMBS, which priced on Wednesday, is expected to settle in a more stable market than earlier issues under the program, which widened drastically last month.
-
Some Italian mortgage originators preparing to re-market retained RMBS transactions in the next few months have put their plans on hold, waiting to see if they can trim costs by selling them to the European Central Bank rather than on the open market.
-
Some Italian mortgage originators issuers preparing to re-market previously retained RMBS transactions in the next few months have put their plans temporarily on hold, preferring to wait and see if they can trim costs by selling them to the European Central Bank rather than the open market.
