RMBS

According to ASR sister publication National Mortgage News, reports have surfaced regarding two top 10 ranked banks that are working on Jumbo deals for later in the year.

In a press conference held last week, Credit Suisse analysts said that the rampant use of principal forgiveness is a dangerous path because it promotes moral hazard.

VantageScore Solutions has stated that 46 investors, who run the gamut, are now using its consumer credit score model in their risk and pricing models.

Data provider CoreLogic has released an enhanced version of its RiskModel, which is a commercial analytics application utilized by the major banks and regulators to project future RMBS prepayments, defaults, losses and cash flows.

The Federal Reserve Bank of New York (FRBNY) resumed sales from its Maiden Lane II portfolio last week to strong investor interest, which should serve as a positive across the scope of structured finance, according to Deutsche Bank Securities analysts.

The NFL playoffs were on most securitization players’ minds when ASF 2012 started yesterday afternoon. The annual conference is being held this week in Las Vegas.

Prices finally eased back with the 10-year note yield rising from 1.85% last Friday to over 2.0% by mid-afternoon today as markets added risk on a break from adverse headlines out of Europe.

State attorneys general will meet Monday to discuss a potential settlement with bank servicers over the robo-signing scandal, according to a spokesman for Iowa AG Tom Miller.

Roughly $30 billion of Freddie Mac servicing rights that once belonged to the now defunct Taylor, Bean & Whitaker Mortgage Corp. could hit the market next month, according to officials close to the auction.