RMBS

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.

Ratings agencies are being extra careful to flat the potential risks in a variety of assets classes well ahead of time.

Ratings agencies have received a number of proposals for private-label resi

Five new originators of Russian RMBS debuted last year; players say the issuer stable will keep growing.

Fannie Mae and Freddie Mac are likely to remain key participants in the mortgage market as the private label securities market struggles to revive.