RMBS

Recent U.S regulatory changes can further disrupt the European securitization market. The latest source of concern are the Securities and Exchange Commission's proposed changes to the disclosure requirements applied to ABS offerings under Rule 144A or Regulation D.

The Federal Reserve Bank of New York may require seller/servicers of nonprime mortgages and CDO sponsors to repurchase certain loans out of mortgage trusts that are controlled by the agency.

FGIC Corp., the holding company of beleaguered bond insurer Financial Guaranty Insurance Co., announced Wednesday that it had filed for Chapter 11 bankruptcy protection.

The Senate late Wednesday passed a bill that gives the Federal Housing Administration (FHA)more flexibility to adjust its insurance premium structure, a move that will help rebuild its depleted capital reserves.

The recently published covered bond graduated valuation haircut schedule from the European Central Bank (ECB) did not take the market by surprise, according to Bank of America Merrill Lynch analysts.

Through its proposals on Regulation AB, the Securities and Exchange Commission (SEC) will be subjecting privately sold ABS to the disclosure requirements applicable to securities offered in registered public offerings.

American Capital Agency Corp. (AGNC) named Christopher Kuehl as head of mortgage investments at American Capital Agency Management.

Jefferies appointed Erez Biala as a managing director and global co-head of CLO and CDO trading.

A small private-label 'scratch and dent' securitization backed by government reverse mortgages appears to be the first deal of this type, and could pave the way for more reverse MBS deals in the struggling private-label market.

The Securities and Exchange Commission (SEC) has accepted settlement offers from three former officers of New Century Financial Corp., the subprime lender that was one of the first to collapse at the start of the subprime mortgage crisis.