RMBS

The Securities and Exchange Commission (SEC) said today that it is seeking public comment on proposed regulations to require ABS issuers and credit rating agencies that rate ABS to provide investors with new disclosures about representations, warranties, and enforcement mechanisms.

Refinancing activity declined for the fifth straight week, despite new record lows in mortgage rates.

With Fannie Mae and Freddie Mac now requiring that all mortgage servicers review how they handle foreclosures, more questions are being raised about the impact that potentially invalid affidavits will have on the foreclosure process, on servicers and the industry overall.

Arrears rates in both prime and subprime U.K. RMBS transactions will increase over the coming months.

House speaker Nancy Pelosi is urging the Department of Justice (DOJ) to launch an investigation into the handling of delinquent mortgages, loan modifications and foreclosures by banks for possible violations of laws and regulations.

Principia Partners, announced its integration of Intex performance data into the Principia Structured Finance Platform (Principia SFP).

Moody's Investors Service is giving the Federal Deposit Insurance Corp.'s (FDIC) new "Safe Harbor" rule the thumbs-up due to the protections private-label MBS investors can rely on if the issuing bank fails.

Various changes have occured throughout the crisis in terms of the ABS investor base, according to speakers at this week’s Information Management Network ABS East conference.

United Capital Markets CEO John Devaney showed ABS market participants at Information Management Network’s ABS East conference that he knows how to throw a great party.

Some panelists were optimistic while others were a little bit more guarded on the future of securitization at this week’s Information Management Network ABS East conference.