RMBS

A growing number of ABS professionals expect credit quality to decline and underwriting standards to tighten this year, according to a survey released Tuesday by Capital One Bank.

The Dolphin Master Issuer Series 2016-1 is a Class A-only notes structure, which has been assigned a ‘AAA’ structured rating by Standard & Poor’s.The notes, for which ABN has no new assets in the collateral pool, are paying off the principal on three outstanding Dolphin issues.

Freddie Mac has obtained new insurance policies under its Agency Credit Insurance Structure (ACIS) program.

Five policy heavy-hitters issued a proposal last week to merge Fannie Mae and Freddie Mac into a single government corporation as a way to move beyond the conservatorships of the two government-sponsored enterprises.

New Residential is marketing a $260.0 million securitization of re-performing mortgage loans, according to Moody's Investors Service.

Fannie Mae priced its second offering of the year of Connecticut Avenue Securities transferring the credit risk on mortgages that it insures.

Fitch Ratings believes that the market disruption caused by mortgages that fail to comply with a new consumer disclosure rules is out of proportion to amount of risk posed to mortgage bond investors.

Fannie Mae said Friday it offloaded much of the credit risk on $19.5 billion of mortgages to a group of insurers and reinsurers via two Credit Insurance Risk Transfer (CIRT) transactions.

Cerberus Capital Management is marketing its first securitization of re-performing mortgages of the year.