RMBS

A court ruling this week dismissed all claims from Dexia against JPMorgan, Washington Mutual and Bear Stearns over losses on mortgage-backed securities.

The Springleaf mortgage securitization is backed overwhelmingly by loans that are older than four years.

Redwood Trust is back this month with is fifth private-label residential mortgage backed securitization, according to a presale report published today by Kroll Bond Ratings.

A relatively weak framework of representations and warranties in a $616-million residential mortgage-backed security from JP Morgan injected fresh fuel into a discussion that’s been running for several weeks

editors letter

By tweaking one aspect of its methodology for rating securitizations, Moody’s Investors Service has set the stage for more downgrades of deals issued out of peripheral Eurozone countries.

Federal Housing Finance Agency Acting Director Edward DeMarco said a single mbs platform could be a building block for a new mortgage market

Buyers of private-label mortgage backed securities still have a beef with the federal mortgage modification plan, which allows holders of a second-lien on distressed properties to jump ahead of first-lien holders in terms of payment priority.

Buyers of private-label mortgage backed securities still have a beef with the federal mortgage modification plan, which allows holders of a second-lien on distressed properties to jump ahead of first-lien holders in terms of payment priority.