RMBS

Ratings rotation was advocated by some panelists at a talk a convened by the Securities and Exchange Commission on a credit rating assignment system as envisaged by Section 939F of the Dodd-Frank Act, also known as the Franken Amendment.

A range of voices in the structured finance industry spoke against a credit rating assignment system as envisaged by Section 939F of the Dodd-Frank Act at a panel convened by the Securities and Exchange Commission.

Ocwen’s Home Loan Servicing Solutions is marketing two servicer advance receivables-backed securitization deals, Series 2013-T2 and Series 2013-T3 that will issue a combined total of $850 million.

West Bromwich Building Society announced the first investor-placed prime U.K. RMBS of the year— a £380 million ($579 million) senior tranche from the deal Kenrick No. 2.

The American Securitization Forum and the Structured Finance Industry Group will both speak against the Franken Amendment at the U.S. Securities and Exchange Commission ratings agency roundtable event in Washington D.C.

Redwood Trust is rolling out its seventh jumbo mortgage securitization of the year; the $453 million deal has greater seller diversity, less geographic concentration.

Brent Lewis has joined Hunton & Williams' structured finance and securitization practice as counsel in New York.

Freddie Mac put out the bid list for its $1 billion RMBS sale today. The GSE confirmed that sale is part of a $5 billon program it will execute in 2013.

EverBank, which recently issued its first jumbo mortgage-backed security, plans to become a regular issuer and is close to another deal.

Mexican President Pena Nieto's affordable housing policies may have negative consequences for existing private-sector RMBS, according to Fitch Ratings.