RMBS

PHH is selling its remaining residential mortgage servicing portfolio to the real estate investment trust New Residential.

Russia’s Vozrozhdenie Bank is coming to market with a RUB 7.4 billion securitization of residential mortgages, it’s fifth to date, according to Moody’s Investors Service.

Next year is shaping up to be a pivotal one for the future of the Common Securitization Platform and the issuance of the single security by Fannie Mae and Freddie Mac.

Merchant banking firm Opus Bank completed a $509 million securitization of its multifamily loans through a Freddie Mac-sponsored “Q-deal” risk-transfer securitization, the company announced Tuesday.

Deutsche Bank AG and Credit Suisse Group AG agreed to pay a combined $12.5 billion to resolve U.S. investigations into sales of the toxic debt that fueled the financial crisis, putting behind them a major dispute that undermined confidence in the banks and raised questions about their turnarounds.

Freddie Mac has moved from transferring the credit risk on newly originated loans to older loans that have been modified in order to avoid default.

Ginnie Mae has revised the wording of the acknowledgment agreements necessary to finance mortgage servicing rights. It sought to resolve a concern warehouse lenders had in the event issuers become troubled.

Smaller companies that perform residential mortgage servicing are rapidly growing their loan portfolios — and not just in the default servicing space, according to Fitch Ratings.

It is not a clear-cut statement to say Fannie Mae and Freddie Mac need more capital, and it detracts from the real debate over long-term housing finance reform.

A regulatory 2017 scorecard for Fannie Mae and Freddie Mac calls on the firms to transfer a significant portion of credit risk to third-party private investors on at least 90% of unpaid principal balance of newly acquired single-family mortgages.