RMBS

Spreads on asset-backed securities narrowed sharply across the board in 2012, but some sectors are already looking rich, according to participants at the ASF 2013 conference.

Many sectors of the market are rallying, investors have returned, enthusiasm is running

The Basel Committee’s decision to allow banks to include highly rated residential mortgage bonds into the calculation of a new liquidity coverage ratio is good news, at least for European banks.

JP Morgan and Credit Suisse are said to be planning RMBS deals.

After last year’s false start, the GSEs plan to introduce risk-sharing bonds this year.

Do not expect much securitization activity out of Europe this year, said participants in a panel at the American Securitization Forum’s 2013 conference.

The U.S. housing market and consumer are looking much healthier and there are reasons to believe they will only get stronger.

Regulators risk stifling a recovery in the securitization market if they subject privately offered securities to the same disclosure and reporting requirements as public offerings.

Stonegate Mortgage Corporation, hired Eric Scholtz as executive vice president of structured finance.