RMBS

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

After contracting sharply last year amid regulatory uncertainty and an economic slowdown, Brazil’s structured finance market now appears to be poised for a recovery.

Ratings agencies have received a number of proposals for private-label residential mortgage backed securities (RMBS) and they apparently do not like what they see.

The “qualifying residential mortgage” rules that affect securitization may be a carbon copy of the CFPB “qualifying mortgage” standards.

Moody’s Investors Service said that certain proposals for residential-mortgage backed securities the agency has received would end up with ratings between ‘A1 (sf)’ and ‘A3 (sf).'

This week, once again, the release of Federal Open Market Committee meeting minutes cast a pall over the mortgage-backed securities market.

Fitch Ratings warned that recent rep and warranty proposals in new U.S. RMBS deals may expose investors to added risks from “weak” underwriting and “defective” mortgages.

Redwood Trust is fully validating expectations that it would keep the private label market of residential mortgage-backed securities (RMBS) alive this year.