RMBS

Top executives from Bank of America Corp. and JPMorgan Chase are seeking to reassure lawmakers that exhausting alternatives to foreclosure for troubled borrowers is their top priority as they face ongoing questions about their servicing processes.

Originator support should diminish for Spanish structured finance transactions through refinancing and restructuring of loans that are at risk or delinquent, Fitch Ratings analysts said.

Ireland is the latest country to test the resiliency of European securitization structures against sovereign risk.

A rising number of RMBS are now exposed to 'tail risk', Fitch Ratings said in a report released today.

Among the mortgage market risks Federal Deposit Insurance Corp. (FDIC) chair Sheila Bair has her eye on are recent foreclosure concerns, interest rates, mortgage underwriting and government reallocation away from housing—the last being something she sees advantages to but also acknowledges some potential problems with.

Amid continued weakness for the Federal Home Loan Bank System (FHLBank), its chief regulator said it is committed to getting the regional GSEs back to their core mission of lending to members.

The Federal Reserve's recently launched asset purchase program is making the market nervous.

The American Securitization Forum (ASF) issued a White Paper clarifying the legal principles and processes underpinning the assignment and transfer of home mortgages and the creation of MBS.

C-BASS filed for Chapter 11 bankruptcy protection last Friday in the U.S. Bankruptcy Court in Manhattan. The failed firm is an issuer, servicer and investor in subprime RMBS.

Securitization analysts said that it's likely that volumes will begin tapering off after Thanksgiving and for the rest of the year.