RMBS

Reinstating trust in the ratings process is key to growing investor interest, according to buyside participants in a Tuesday panel at the ABS East conference hosted by Information Management Network.

At Information Management Network’s ABS East conference, the panelists who opened up the discussion Tuesday delivered a somber assessment of the economy.

The Collingwood Group hired Ray Romano as senior advisor, working with the firm to focus on risk management for consumer and multifamily mortgage products.

Assured Guaranty has sued DLJ Mortgage Capital and Credit Suisse, claiming breach of contract over $1.8 billion of MBS it insured.

Interactive Mortgage Advisors (IMA), Denver, is auctioning off a $57 million portfolio of bulk servicing rights for an undisclosed seller.

CitiMortgage and the Department of Housing and Urban Development's Office of Inspector General (OIG) are at loggerheads over the proper way to vet at-risk borrowers for the Federal Housing Administration's (FHA) short sales program.

The Chicago city ordinance passed in August that requires securities trusts and servicers to pay for distressed property upkeep or face fines has caught on in other cities across the U.S., according to a client report put out by Dechert.

At the ABS East conference, organized by the Information Management Network, the message of ending the market’s over-reliance on ratings rang loud and clear.

There is a scarcity of investors at this year’s ABS East conference hosted by Information Management Network.

The stormy Miami weather at Information Management Network's ABS East conference on Monday was an apt metaphor for the problems facing the mortgage market.