RMBS

Kondaur Capital Corp., an active investor in distressed and underperforming mortgages, is marketing a $79 million MBS collateralized by $263 million of nonperforming loans (NPL).The bond is being underwritten by Royal Bank of Scotland in what appears to be a private placement, the offering. A copy of the offering prospectus was provided to National Mortgage News.

Only seven banks failed the European stress test results for financial institutions. The question remains whether the test has done enough to ensure the strength of European financial institutions.

Bank of America Merrill Lynch has arranged a $300 million CLO, surprising market participants who, after the worsening of the debt crisis overseas, weren’t expecting to see new CLOs for some time. In fact, other deals are in the works as well, sources say.

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.