RMBS

The Justice Department and the Securities and Exchange Commission have both filed civil lawsuits against Bank of America alleging that the financial institution defrauded investors about the riskiness of $850 million in residential mortgage-backed securities.

President Obama ended his administration's self-imposed blackout regarding housing finance reform on Tuesday, finally endorsing a specific approach after effectively punting on the issue more than two years ago.

The Obama administration will be calling on Congress to pass legislation that would allow Fannie Mae, Freddie Mac or Federal Housing Administration to refinance underwater loans in private label securities.

The use eminent domain to seize underwater mortgages out of RMBS trusts would spell trouble for bondholders; but lcities may turn to other options to help homeowners.

The government-sponsored enterprises’ risk sharing bonds treatment under Basel III international accounting standards will ultimately affect bank investors’ appetite for them, according to Fitch Ratings.

Bank of America said regulators may bring civil claims on securitizations backed by jumbo mortgages and collateralized mortgage obligations.

The markets we have today are set up to invest in government-guaranteed mortgage-backed securities. To remove the guarantee without crippling damage would take decades.

The Corker-Warner bill and House GOP bill both understand that the fundamental GSE model is insidious and needs to be definitively terminated.

Rating Agencies Spar over Geographic Concentration in RMBS; New York's MTA Issues First Storm Surge Cat Bond;EETCs Priced Amid Market Uncertainty

As July came to a close, it was clear to everyone at ASR that the structured finance market was not about to take a vacation.