RMBS

Nearly a half decade after the start of the mortgage crisis, portions of borrower vetting for securitized mortgages are still being done primarily by loan originators. This causes a potential risk management gap, particularly for non-Fannie Mae and Freddie Mac-backed mortgages that are bundled and sold as mortgage-backed securities.

Regulators are moving forward with proposals to apply the corporate bond transparency system known as TRACE (Transaction Reporting And Compliance Engine) to the entire MBS and ABS markets,according to Saber Partners.

The Royal Bank of Scotland said in a report today that the Spanish financial entity established to take over risky loans, but not RMBS, will begin operations on Nov. 19, under the name of Sareb.

ABS East 2012, organized by Information Management Network (IMN), is on track to be a little bigger and more upbeat than last year’s conference.

Springleaf Financial is planning a RMBS structured with one senior note, four mezzanine notes, two subordinate notes, one residual note, and one trust certificate, according to a Standard & Poor's presale report.

Shellpoint Partners' RMBS structure will accept loans facilitated by loan brokers and correspondents.

The U.K. is one of the few countries in Europe where securitization remains a significant funding source for mortgage originators but cheap central bank funding schemes and renewed economic deterioration could crowd out issuance and push up arrears, according to a Standard & Poor's report.

Shellpoint Partners LLC today filed a shelf registration statement with the Securities and Exchange Commission to issue private label residential mortgage-backed securities.

Texas-based loans used as collateral in seasoned RMBS have a high weighted average coupon (WAC) given its housing market's stability.