RMBS

Insurer AIG is buying whole mortgage loans; it has no plans to do any direct lending of securitization.

The Federal Housing Finance Agency is moving ahead with plans to create a new securitization platform that will one day serve as a public utility for the issuance of mortgage-backed securities.

Analysts at Bank of America Merrill Lynch have a beef with new rules from the Basel Committee on Banking Supervision (BCBS) that spell out how much regulatory capital needs to be set aside for securitizations.

As many as 20 board members have resigned from the American Securitization Forum in a dispute over control of the trade group.

Moody's Investors Service and Fitch Ratings assigned provisional ratings of ‘P-1’/ ‘F-1’ to Wells Fargo’s $100 million term ABS, Series 2013-MM1 deal that is backed by collateralized servicer advance receivables.

The MBS market’s performance has been somewhat more directional with interest rates since Federal Reserve Board Chairman Ben Bernanke's semiannual Humphrey-Hawkins testimony.

The lack of U.K. RMBS is pushing down overall European securitization issuance and could drive investors to look for product outside of this usual comfort zone.

Credit Suisse’s first residential mortgage securitization of 2013 made some improvements to representations and warranties relative to the issuer’s its past post-crisis jumbo deals; but still weaker than the standards set by Redwood Trust’s RMBS deals.

Given the wide variety of assets that are securitized and the various structures used in these deals, regulators were compelled to provide multiple ways for sponsors to keep some proverbial skin in the game.