Latest news
Latest news
Investors able to cherry pick deals from wide variety
PRA and FCA go much further than EU in loosening rules
Liberated issuers will still have to follow European regulations if they want to sell in EU
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Securitization professionals should expect long-awaited clarity on Regulation AB II in February at an open meeting of the Securities and Exchange Commission, according to former SEC chair Chris Cox at an industry conference in Las Vegas.
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Private-equity backed firms like Nationstar Mortgage, Ocwen Financial Corp. and Walter Investment Management Corp. will continue to pick up banks’ mortgage servicing rights in 2014, but servicing costs and decreasing supply could slow the pace of future transfers.
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Rising home prices in select local markets have caused some to cry “bubble,” but panelists at Wednesday’s “Macroeconomic Overview of the Global Economy and Outlook for 2014” discussion at ABS Vegas largely panned the idea, saying the national recovery is still heading in the right direction.
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Recent improvements in Fannie Mae and Freddie Mac’s quarterly results could overstate their true financial state, and must not distract policymakers from vital housing finance reforms, said Michael Stegman, counselor to the secretary of the Treasury for housing finance policy, on Wednesday.
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New mortgage rules are forcing lenders to rethink the type of loans they can provide to borrowers and capital markets, but investors are asking a new question: is growing rental demand going to further upend the business for traditional mortgages?
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The regulatory pipeline for securitization this year may be just as busy as 2013, but residual risks could impact issuers and buyers in ways unexpected and overlooked, legal and policy analysts agree.
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Big private-equity backed lenders are filling a void left by banks, writing loans to small and middle market rental investors that would go into novel securitizations with features close to commercial mortgage-backed securities.
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The Dutch government has announced another competitive auction for $4.27bn of US non-agency RMBS bonds that were part of a much larger ING portfolio that needed a government back-up facility in 2009.
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Bayview Financial is issuing a 1.64-year non-performing loan securitization, the first non-performing loan of the year among mortgage-backed securities.