Some of the newest players in U.S. market for private-label residential mortgage securitization have ambitions in Europe as well, and Tony Ward, the incoming chief executive of Clayton Euro Risk, says that this represents an important opportunity for the due diligence firm.

Over the past 12 months, U.S. asset managers such as Cerberus Capital Management and Premium Point Investments have established securitization platforms, becoming some of the most active issuers of RMBS. WinWater Home Mortgage, formed by some principals of Premium Point, has completed three private label-deals this year, for example.

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