Residential MBS

News

Freddie Mac Starts Risk Sharing Pilot With Mortgage Insurers

Mortgage insurance companies are getting a long-awaited shot at expanding their business with Fannie Mae and Freddie Mac. But it's shaping up to be less lucrative than they had hoped.

Ditech Returns with Servicer Advance Receivable Securitization

The servicer plans to issue $296 million in bonds backed by repayment rights to advances on Freddie Mac and Fannie Mae mortgages via Green Tree Agency Advance Funding Trust I (Series 2016-T1).

Towd Takes Dive Into ‘Dirty Current’ Mortgages

In its new 2016-4 transaction, Towd is collateralizing 3,383 formerly troubled loans with a pool balance of $649.21 million into a nine-note structure. The pool includes 39% “dirty current” loans, or those which are paid up-to-date, but have had a recent delinquency or incomplete paystring.

JPMorgan's Latest Prime RMBS Slightly Less Exposed to California

J.P. Morgan Mortgage Trust (JPMMT) 2016-3 is a $395.4 million notes structure consisting of 553 loans for homes primarily in California and major cities like New York, Boston and Washington, D.C. Fitch has issued preliminary 'AAA' ratings to the senior notes.

Freddie Readies Another Actual Loss STACR

STACR2016-DNA4 is the company’s 24th Structured Agency Credit Risk transaction, and the seventh in its actual loss ‘DNA’ series that features loans with original loan-to-value ratios of between 60% and 80%

More

Articles

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.

More

ASR People Database

Exclusive data on top players in capital markets

John Frishkopf

Treasurer, Head of Asset Management

Firm: NewStar Financial

Search the People Database

Current Issue

Verizon Selling Bonds Backed by Cell Phone Payments

The $1.17 billion deal follows a yearís worth of management deliberations over issuing asset-backeds, which Verizon expects to lower the cost of financing device payment-plan agreements.The deal will also ease pressure on the carrier's own corporate credit ratings.

Current Issue