There’s little evidence to support that new RMBS issuers can, or will want to, repurchase problem bonds under Representations & Warranties provision, according to a Standard & Poor’s report.

The report was published during a particularly busy spell of RMBS issuance. In the last two weeks three new deals were announced, bringing the total of RMBS issuance this year to six deals with nearly $1.8 billion placed with investors, according to Barclays.

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