RMBS

What investors need to know about the new non prime residential mortgage backed securities.

Hilton Grand Vacations plans a debut $145 million timeshare loan securitization of loans targeting primarily Japanese tourists for a newly opened resort in Honolulu.

Ocwen Financial is a step closer to the day when it can resume purchases of mortgage servicing rights.

Implementation of the second phase of the common securitization platform had been projected for next year, but the anticipated time frame was delayed following "lessons learned" from the first phase.

Fannie Mae has obtained reinsurance for $510 million of credit losses on $20.4 billion of single-family residential mortgages through a pair of credit insurance risk transfer transactions.

Servicing practices that unnecessarily increase what a borrower owes can contribute to delinquencies. But other misconduct, such as inaccurate credit reporting, can have more insidious effects on a borrower’s financial health.

Bayview Asset Management is marketing two offerings of bonds backed by mortgages that were once delinquent but are now making timely payments.

A $165 million cash settlement has been reached in a class-action lawsuit that alleged investors were misled about the safety of mortgage-backed securities comprised of loans originated by now-defunct subprime lender NovaStar Mortgage Inc.

Industry groups are raising more concerns about a Fannie Mae financing deal involving the securitization of single-family rental homes, arguing it is too far removed from the government-sponsored enterprise's mandat

Shellpoint is marketing another offering of private-label mortgage bonds backed primarily by loans it acquired from Bank of America, National Association, rather than loans originated by its own New Penn subsidiary