RMBS

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.

National Mortgage Insurance Corp. will insure about $5 billion in residential mortgages in Fannie Mae’s first risk transfer transaction, contingent on regulatory approval.

The City of Richmond, California began sending letters to mortgage servicers and trustees offering to buy home mortgages at reduced prices or face eminent domain proceedings.

Barclays anticipates that if both Freddie Mac and Fannie Mae sell the risk on all their ongoing issuance, issuance volumes could potentially reach $20 billion to $25 billion per year.

In the first quarter of 2013, rising house prices and relatively low interest rates helped improve the outlook for the riskiest tranches of residential mortgage-backed securities, according to CoreLogic’s bond tracker.

Carrington Mortgage Services has informed Fitch Ratings that RMBS it services will recognize about $300 million in losses on principal forbearance that has yet to be reported as losses

A drop in the haircuts applied to securitizations used for collateral funding from the European Central Bank (ECB) is a positive for the sector, according to analysts at Bank of America Merrill Lynch.