RMBS

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

Representation & Warranties issues may have had something to do with where JP Morgan’s priced its RMBS deal this week; but its structuring was also to blame.

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.

The Federal Housing Finance Agency’s new initiative to help streamline modifications for eligible borrowers is likely only to have a minimal impact on MBS, according to analysts at JP Morgan.

DBRS said in a report today that it declined to rate two RMBS transactions this year because of weaker representations and warranties (R&W) framework proposals in these recent securitizations.

Blame it on the weaker reps & warranties in the $616 million transaction.

U.K. prime RMBS investors may see loss severities decrease in U.K. RMBS deals as house prices stabilize on the back of a new housing initiative announced yesterday, according to a Barclays report.

EverBank’s planned $308 million residential mortgage-backed securitization may offer investors access to a new issuer name; but the structuring stays in line with safe, prime quality deals that have dominates post financial-crisis market issuance.