RMBS

Flagstar Bancorp will pay $105 million to settle allegations it misrepresented the quality of loans backing securities insured by Assured Guaranty.

Analysts at Bank of America Merrill Lynch said in a report on Friday that another $587 million in unrealized losses may still be lurking in RMBS portfolios serviced by Ocwen Loan Servicing.

Rising house will benefit holders of Germany covered bonds than covered bonds issued in other European countries, Moody’s Investors Service said today.

Moody’s Investors Service has put on review for downgrade 1,079 tranches from 299 shifting interest/pro-rata U.S. residential mortgage-backed securities transactions that are reaching or getting closer to the end of their terms.

Amherst Securities Group, an approved Fannie Mae and Freddie Mac securities underwriter, has brought on Chris McDowell as a managing director in fixed income trading and sales,

Fitch Ratings has rated the first residential mortgage-backed securitization from Shellpoint Partners, a multi-tranche deal worth $261 million

Shellpoint Partners, the home lender founded by mortgage-bond pioneer Lewis Ranieri, is close to pricing its first securitization, according to a a person familiar with the deal.

Standard & Poor’s said that severe delinquencies among residential mortgage-backeds tracked by the agency hit a historic peak of 5.38%.

Analysts at Barclays forecast a total of €46 billion ($61 billion) in publicly-placed securitization issuance for 2013, according to their mid-year outlook.