RMBS

It appears that Nationstar’s acquisition of the bankrupt Residential Capital Corp. is far from a done deal.

Global ABS 2011 – Today kicks off Information Management Network’s (IMN) Global ABS 2012 in Brussels. The conference will be held until Thursday, June 14.

Shawn Miller has parted ways with nonperforming mortgage investor Arch Bay Capital, but is now starting a new origination firm backed by the company he left.

Tranches in Freddie Mac’s multifamily securitizations — known as K-deals — are more appealing investments than their comparable conduit counterparts, even in deeply uncertain macro circumstances, said Barclays analysts in the bank’s CMBS Strategy Weekly report.

Competition from jumbo loans and recent delays in key secondary market regulations are key hurdles holding back the long-awaited return of this secondary market, which is making some strides in other areas.

Fannie Mae is moving closer to launching a pilot program to dispose of some of its nonperforming residential loans, according to industry advisors familiar with the GSE’s plans.

The Federal Reserve Board on Thursday unanimously approved the release of a set of proposals that would raise banks' minimum capital requirement to 7%.

Mortgage investors, who have been complaining for months about the costs they will bear under the national servicing settlement, presented a list of proposed remedies at a congressional hearing Thursday.

If enacted by U.S. regulators as currently drafted, the Simple Supervisory Formula Approach (SSFA) would require banks to give capital risk weightings to securitizations that are sharply higher than those assessed under the longstanding ratings-based approach, according to a presentation by Brian P. Lancaster, co-head of structured transactions at RBS, and John Jordan, from the bank’s financial institutions division.

The May prepayment report was all about HARP, as was expected; however, speeds on seasoned 5.0%s on through 6.5% were faster than anticipated. Meanwhile, lower coupons were mostly slower than projected.