RMBS

The Securities and Exchange Commission (SEC) will give securitization issuers six months to omit credit ratings from ABS registration statements filed under Regulation AB, the SEC announced Thursday in a 'no action' letter.

Ambac Financial Group Friday completed the sale of RangeMark Financial Services, the advisory services company it helped launch.

Mortgage application activity increased 7.6% in the week ending July 16 with refinancing and purchase activity higher.

Syncora Guarantee on Wednesday will begin paying insurance claims on regularly scheduled payment dates following the approval of its remediation plan by its regulator.

As if Greece didn't have enough on its plate, now banks looking to securitize Greek assets face a 'AA' threshold on many of the country's deals. This is a result of its sovereign and domestic downgrade to triple-B that happened a month ago.

RBS Securities has expanded its MBS and ABS sales and trading teams within its global banking and markets division in the Americas, the firm announced today.

BNY Mellon has named Patrick Tadie to the newly created role of global business head for the firm’s Derivatives360 initiative.

The Bank of England (BoE) has introduced additional eligibility and disclosure requirements for ABS and covered bonds to be accepted in its operations. It has also extended the range of collateral eligible for its discount window facility (DWF) to include portfolios of loans to individuals and non-banks. The extension will take place in 2011.

Citigroup paid out $210 million for loan buybacks in both the first and second quarters, according to company executives.

The real estate segment at GE Capital, Norwalk, Conn., lost $524 million in the second quarter of 2010, about twice as much as a loss of $237 million for the same period one year ago.