Residential MBS

News

Semper Names Christopher Mendez General Counsel

Christopher Mendez joins Semper Capital from Goodwin Procter, LLP in New York, where he was a member of the business law department.

Mortgages Taking Center Stage at Online Lender SoFi

SoFi is plotting its mortgage blitz following a bruising year for so-called marketplace lenders, in which investor demand dried up for the loans made on these online platforms — typically unsecured personal loans.

Moody's Reaches $864M Subprime Ratings Settlement

Moody’s Corp. agreed to pay almost $864 million to resolve a multiyear U.S. investigation into credit ratings on subprime mortgage securities, helping to clear the way for the firm to move beyond its crisis-era litigation

Solar Project Funding Falls, But Small ABS Levels Likely Unaffected

Mercom Capital Group, a communications and consulting firm in the global clean energy space, says the decline in disclosed financing from venture capital, private equity, debt financing and public-market financing is the first year-to-year in five years.

Another Non-Comforming Dutch RMBS Enters Market

The deal, DELFT 2017, is backed by €157.73 million in non-conforming, first-lien home loans originated by specialty lender ELQ Portefeuille that have been acquired by Morgan Stanley Principal Funding.

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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.

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What’s So Unusual about Sprint’s Airwaves Securitization

The wireless carrier, though only rated single-B, has more leeway from existing investors to enter into a transaction like this than even some investment-grade companies.

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