RMBS

Aashish Marfatia joins Prosiris Capital Management’s non-agency residential mortgage trading desk, according to a company press release.

Two Harbors is preparing to bring a $434.17 million RMBS deal called Agate Bay 2013-1, according to a Fitch Ratings presale report.

Another wave of pre-crisis private-label residential mortgage-backed securities is coming to the end of the line with substantial losses, according to a Standard & Poor’s report Tuesday.

Kevin Blaser has been hired to take charge of the FeatherStone Investment Group's REO-to-Rental securitization platform, which the company said is weeks away from launching.

The American Securitization Forum urged mortgage servicers and trustees to reject offers from the city of Richmond, Calif. to buy mortgages out of private trusts at deeply discounted prices or face eminent domain proceedings.

The Federal Housing Finance Agency said Thursday that it would initiate legal action to stop cities from using eminent domain as a way to force the sale of private-label loans at a discount.

Three RMBS trustees, representing bondholders, filed a lawsuit to prevent Richmond from using eminent domain powers to seize mortgages and write down balances.

Jumbo lender Redwood Trust plans to acquire and securitize agency conforming loans, as well as participate in Freddie and Fannie risk-sharing transactions.