RMBS

Llyods TSB proceeded with a portion of its $8.7 billion of legacy non-agency RMBS paper on Thursday afternoon, selling the paper to four different groups.

EverBank plans to tap the capital markets with its second RMBS deal of the year, a $303.3 million deal called EverBank Mortgage Loan Trust 2013-2.

Redwood Trust yesterday filed a registration statement with the Securities and Exchange Commission for its eighth jumbo mortgage securitization of the year.

Clydesdale Bank announced the latest series of notes to be issued from its U.K. RMBS master trust program, Lanark that will offer both U.S. dollar and sterling tranches.

Fitch Ratings see a growing risk of weaker enforcement of mortgage contracts in Spain.

A bipartisan group of senators led by Sen. Bob Corker, R-Tenn., is drafting legislation designed to reform the housing finance system, including a plan to wind down the government-sponsored enterprises.

A large portfolio sale of collateralized debt obligations reportedly planned by Royal Bank of Scotland is set to test market appetite for non-agency residential mortgage-backed securities.

Standard & Poor’s said in a report today that despite the weakening credit fundamentals for Dutch RMBS, collateral pools to date remain broadly stable.

The issue of how long the statute of limitations runs and when the statute clock starts on representations and warranties provisions in RMBS is under active litigation and adds another layer of risk that investors must consider.