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Triton 2026-1 is the largest Australian non-bank RMBS
As consumer debt hits all time high, servicers turn to AI
'Important to distinguish between a systemic industry issue and a specific operational challenge' says trade body
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Mortgage lender WCS Lending has scooped up Lisa Taylor, former coo at MortgageIT.
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Residential mortgage-backed securities guaranteed by government-sponsored agencies Fannie Mae, Freddie Mac and Ginnie Mae fell to $5.24 trillion in July.
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The U.S. Securities and Exchange Commission has come to a $6.5 million settlement with Wells Fargo.
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Fitch Ratings has updated the criteria it uses to rate U.S. residential mortgage-backed securities with a new loss model for the Alt-A and subprime sectors.
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Rule proposed by the Consumer Financial Protection Bureau regarding servicers of residential mortgage-backed securities could set consistent standards for all U.S. residential mortgage servicers, but could further increase compliance costs for the industry, according to Fitch Ratings.
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A federal judge in New York in dismissed a multibillion-dollar class action against Deutsche Bank alleging fraud in connection with the sale of residential mortgage-backed securities.
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Israel’s Bank Hapoalim has sued JPMorgan Chase for allegedly making material misrepresentations in the offering materials for residential mortgage-backed securities it sold.
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Prytania Investment Advisors’ recently launched Galene fund will aim to switch out of more liquid assets further up the capital curve to better yielding assets, such as U.S. CLOs and CMBS in the next few months, according to Mark Hale, chief investment officer, at the firm in London.
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Prices for Northern Rock’s Granite U.K. residential mortgage-backed securities have continued to hold up following last month’s tender by U.K. Asset Resolution, despite a slump in overall market activity in recent weeks.