RMBS

A global settlement between MBIA and Bank of America is positive for MBIA-wrapped non-agency mortgage-backed securities, according to Barclays.

Bank of America has agreed to pay the bond insurer MBIA $1.6 billion to settle a five-year-old dispute over losses related to soured mortgage-backed securities.

Big players remain largely absent from the re-emerging private-label residential mortgage-backed securities market.

A common securitization platform is under "full scale development" and should be ready for "significant testing" by next year, spokesmen for the government-sponsored housing enterprises said.

Having recently been approved to underwrite mortgage-backed securities, W.J. Bradley Financial Services is planning to do just that, according to President Kent Usell.

Flagstar Bancorp (FBC) in Troy, Mich., will pay $110 million to settle allegations that it misrepresented the quality of more than $1 billion of private label mortgage-backed securities it sold to investors.

Dan Perl, chairman & CEO of Citadel Servicing said that he sees a market for the securitization of private label, non-prime mortgage loans.

As new deal volume in the private label RMBS market continues to ramp up, so do questions from investors about how these deals will evolve over time.

As new deal volume in the private label RMBS market continues to ramp up, so do questions from investors about how these deals will evolve over time.

The Structured Finance Industry Group's membership keeps growing.