RMBS

The Federal Deposit Insurance Corp. (FDIC) will begin taking final bids on the $23 billion AmTrust Bank residential servicing portfolio by the end of July with a winner picked shortly thereafter, investment banking sources said Wednesday.

Fitch Ratings said that the Financial Services Authority's (FSA) proposed ban on self-certified and fast-tracked mortgages is unlikely to affect the agency's U.K. RMBS ratings.

Subprime residential lending is making a comeback of sorts, except that none of the firms funding the loans call the product "subprime."

With the votes lined up, the Senate Tuesday was poised to set in motion the final countdown to a vote on financial regulatory reform.

Kroll Bond Ratings made public the members of its senior management team, which include experts from a range of financial disciplines.

Senate Democratic leaders have rounded up three Republican votes and are close to securing passage of the Dodd-Frank Wall Street Reform bill.

Two private investors have teamed up to buy a roughly $1.2 billion pool of mostly nonperforming residential whole loans offered by the Federal Deposit Insurance Corp. (FDIC), investment banking officials and sources close to the deal confirmed to National Mortgage News.

Deutsche Bank hired Jeffrey Mayer as head of global markets for North America. Mayer will be managing the bank’s market-leading sales and trading business in the region.

PIMCO has named Kristofer Kraus a new executive vice president within its advisory division. He will help lead new business development and relationship management.

PIMCO has named Kristofer Kraus a new executive vice president within its advisory division. He will help lead new business development and relationship management.