RMBS

Deutsche Bank said the U.S. Justice Department is seeking $14 billion to settle a probe tied to residential mortgage-backed securities, more money than it's willing to pay

Deutsche Bank may have to make additional legal provisions if a settlement with U.S. authorities over the sale of residential mortgage-backed securities exceeds $4 billion, according to analysts at JPMorgan Chase.

American Homes 4 Rent (AH4R) has repaid the $342.1 million loan that serves as collateral for its first securitization of single family rental properties.

A fintech startup called Point is allowing consumers sell a piece of their home equity to investors, rather than borrowing against the value of their houses.

The $320.2 million securitization deal, dubbed HERO Funding 2016-3, will issue two tranches of class A notes with double-A ratings from both Kroll Bond Rating Agency and DBRS.

Although ratings are capped on the notes, the underlying pool of loans in Caliber Home Loan's second securitization of nonprime residential mortgages have improved in quality with the inclusion of investor and second-home purchases by mainland China investors.

The earthquake that struck central Italy on Aug. 25 will have limited impact on bonds backed by residential mortgages or loans to small and medium-sized enterprises, according to DBRS.

The slow start to Fifth Third's 3%-down mortgage illustrates some of the logistical challenges with such programs, which are on the rise across the industry.

A wave of maturing commercial mortgages is set to crest next year, and. Kroll Bond Rating Agency reckons that roughly a quarter of these 1,803 loans may have difficulty refinancing, resulting in what is known as a maturity default.

Caliber Home Loans is preparing a second subprime residential mortgage securitization, just months after completing their first U.S. subprime asset-backed deal of the post-crisis era. COLT 2016-2 Mortgage Loan Trust is a planned $221.3 million securitization of 510 first-lien subprime loans