RMBS

When Bank of America Corp. announced its MBS settlement last week, the company warned that activist investors would likely fight it. It was right.

When asked about the still-struggling nonagency market might return, some market participants in New York for the Mortgage Bankers Association’s National Secondary Market Conference even took on the controversial question of whether a subprime credit secondary market should come back some day.

The Private National Mortgage Acceptance Corp. plans to make a big splash in warehouse lending and late this week unveiled who will lead the effort -- Paul Szymanski, once a top warehouse executive at the number one player in that niche: Bank of America.

No matter your opinion of Sheila Bair, you always know where she stands.

Lombard Risk Management, which offers integrated collateral management, liquidity and regulatory reporting solutions, launched its COREP/Basel III solution using the new Web-based version of its regulatory compliance software suite.

Greece events remained a dominant influence on the markets this week, although it turned out to be the reverse of last week.

CoreLogic’s April shadow inventory report revealed positive signs for a possible recovery in the housing industry.

A New York appeals court ruled that bond insurer MBIA Insurance Corp. can proceed with fraud claims against Countrywide Home Loans when the court Thursday denied Countrywide's motion to dismiss the case.

Fitch Ratings expects the Bank of America Corp. (BAC) settlement of mortgage repurchase and servicing claims will positively affect the ratings of roughly 10% of Fitch-rated U.S. RMBS bonds in the affected legacy Countrywide trusts.

Until the financial crisis brought CLO issuance to a virtual halt, CLOs were among the largest and fastest growing structured products in the marketplace, representing approximately 60% of institutional participation in syndicated loans in 2006. While the long-term impact of the Dodd-Frankrisk retention rules on CLOs remains uncertain, the short-term outlook for new CLO issuance is promising. As spreads on the triple-A rated tranches of CLOs have continued to tighten, the arbitrage on CLO collateral has become increasingly attractive in recent months. For the first time since the onset of the financial crisis, CLOs are showing signs of a sustained revival.