Residential MBS


Fitch Sees Refinance Trouble in Rental Deals

The high refinance risk in securitizations of single-borrower, single-family rental flows is one of the reasons Fitch Ratings has capped its rating on these transactions at ‘A.'

American Homes Preps $513M Rental Deal

The deal is the market's ninth, and is backed by an amortizing loan.

Credit Suisse Readies 5th RMBS Deal of 2014

Credit Suisse plans to sell $399 million of residential mortgage backed securities in its fifth securitization of 2014, bringing the bank's year-to-date issuance to $1.6 billion.

Virgin Money Plans £1.8B U.K. RMBS

Virgin Money is returning to the market with a securitization of U.K. residential mortgage securities under its Gosforth master trust program.

SEC Mandates More Disclosure, but Only for RMBS, CMBS, Autos

The requirements do not apply to student loans, equipment loans or leases, or covered bonds; privately offered securities are also excluded.



Reg AB II Returns from Limbo

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, it’s not clear exactly what the Commission will do.

Nonbank Mortgage Servicers' Rapid Growth Alarms Investors

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.

Finra Files Proposal to Disseminate Price Data

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.

Fitch: External Factors Biggest Threat in 2014

Overall issuance growth will moderate in 2014, Fitch Ratings' managing director for asset backed securities says in the firm's outlook.

Ocwen's Loan Mods Rile RMBS Investors

The servicer has a reputation for aggressively writing down principal, often multiple times.


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China Auto Securitization Gears Up

As more and more Chinese gain the financial access to buy a car with a loan, lenders will look increasingly to securitization to keep origination going.

Current Issue