RMBS

Freddie Mac is marketing multifamily mortgage-backed securitizations for a combined total of approximately $3.5 billion.

The Structured Finance Industry Group has hired Falcon Capital Advisors as well as a consultancy run by Kristi Leo to help it attract new members and pursue its legislative agenda.

Fitch, in a press release today, stated that while the recovering U.S. housing market and macro stability are bolstering remnant U.S. RMBS performance lately, persistent challenges remain for the sector to overcome. Fitch said that because pre-crisis RMBS transactions are still facing challenges, rating improvement will remain limited in the near term and it only expects future upgrades to come to RMBS classes with relatively short remaining lives within sequential payment priority transactions.

Mortgage modifications led to more than $1 billion of unexpected retroactive losses on 170 US RMBS, which are credit negative for these deals, according to Moody’s Investors Service.

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.