RMBS

Mortgage backed securities account for the lowest share of total structured finance issuance in four years, according to data published by Dealogic.

The Bank of England’s Funding for Lending Scheme (FLS) has slowed U.K. RMBS issuance and is partly responsible for a slowdown in European securitization issuance in October, according to Standard & Poor’s.

Due diligence provider Allonhill LLC, Denver, Thursday afternoon laid off 140 staff workers and contractors as part of a company-wide restructuring.

A slight decline in refinance activity for all of November supports current prepayment expectations for December and January.

Redwood Trust filed a registration statement with the Securities and Exchange Commission to issue its first mortgage backed securities transaction for 2013 under its Sequoia series of deals.

A new Spanish mortgage law that gives a certain category of borrower a reprieve from foreclosure raises the risks of further measures that might hurt recoveries on defaulted loans.

For clues about where European RMBS performance is headed, Barclays Bank analysts are looking at jobless rates.

A lawsuit that charged three ratings agencies with wrongdoing in the sale of mortgage-backed securities cannot advance, a federal appeals court in Ohio has ruled.

The ratings agency says the $329.9 million CSMC Trust 2012-CIM3's senior most tranche does not merit a triple-A rating.