RMBS

A New Haven federal grand jury has accused former Jefferies RMBS trader, Jesse Litvak with engaging in a scheme to defraud customers on residential mortgage-backed securities (RMBS) trades.

There’s been a lot of talk about the REO-to-rental market over the past year, but no clear indication of how securitization can play a role. That was the case as well at a break out session of the American Securitization Forum’s conference.

Participants on a panel at the ASF’s 2013 conference said the major stumbling block remains uncertainty about what would happen to covered bondholders in the event of a troubled issuing bank going into receivership.

In marked contrast to recent years, speakers at the first major panel of the day sounded some fairly upbeat notes.

In the keynote address of the American Securitization Forums 2013 conference, Thomas Curry, comptroller of the Office of the Comptroller of the Currency, stressed the progress that the housing market has made.

Nationstar Mortgage said it is developing a programmatic Term ABS issuance program to finance current and future acquisitions of Agency and non-Agency servicing advance assets.

San Bernardino County announced on Thursday that it decided against a controversial proposal that would have allowed the county to seize underwater loans held in private-label MBS trusts using its power of eminent domain.

The housing industry's positive reaction to the Consumer Financial Protection Bureau’s (CFPB) "qualified mortgage" rule, which governs mortgage underwriting, is prompting cautious optimism that a related securitization rule may also turn out better than expected.

CoreLogic today unveiled its bond assessment service for non-agency residential mortgage-backed securities (RMBS).