Winwater Mortgage Loan Trust, a conduit formed in 2013, is planning its second $276.9 million residential mortgage securitization.
Which opinion is more reliable: A well-informed one tainted by financial arrangements or one free of such conflicts but based on limited data and possibly colored by spite?
The volume of European asset-backed tranches with the Prime Collateralised Securities (PCS) label has crossed the 100B threshold but the region's securitization volumes keep shrinking.
The 1.9-year, 258 million, AAA rated class A1 was sold at a spread of 25 basis points over 3-month Euribor. The notes were originally being talked in the 25bps to 30bps area.
The restructuring proposal of Bradford & Bingley's Aire Valley RMBS master trust has prompted mixed reaction from two rating agencies.
Regulation AB governs registration, reporting and disclosure requirements for all things asset-backed. The Securities and Exchange Commission appears to be ready to update it significantly, but, nearly four years after changes were originally proposed, its not clear exactly what the Commission will do.
Concern is mounting among investors and analysts that Nationstar, Ocwen Financial and Walter Investment are getting so big so quickly that they are becoming too difficult to manage.
The proposal would introduce dissemination of trade prices for securities ranging from highly liquid credit card and auto ABS to smaller and more esoteric deals in asset classes such as time shares, to commercial mortgage-backed securities (CMBS) and highly structured CDOs and collateralized loan obligations.
Overall issuance growth will moderate in 2014, Fitch Ratings' managing director for asset backed securities says in the firm's outlook.
The servicer has a reputation for aggressively writing down principal, often multiple times.
Vice President of Regulatory Compliance
Firm: Clayton Holdings
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Single-family rental giants are financing smaller players, setting the stage for a new wave of issuance.Current Issue