With the flow of new jumbo mortgage securitizations still running at a trickle, the non-agency MBS market remains dominated by resecuritization deals that face new regulatory hurdles ahead. New issuance of non-agency MBS dropped...[Includes four data charts]
Read More
Assured Guaranty announced a settlement with Bank of America last week for over $1 billion in cash, a sign that other bond and mortgage insurance companies might be able to recover some money from pending lawsuits, according to industry analysts. “The Assured-BofA settlement is...
Read More
The risk-retention rule recently proposed by federal regulators provides a lot more flexibility for issuers of non-mortgage ABS than the safe-harbor regulation adopted by the Federal Deposit Insurance Corp., according to the American Securitization Forum. In fact, the FDIC safe-harbor rule is...
Read More
Credit rating agencies were lambasted by the Senate Permanent Subcommittee on Investigations report released last week for their role in igniting the financial crisis, saying they artificially pumped up residential MBS ratings for the sake of profit. “The most immediate cause of the financial crisis was...
Read More
Backed by a significant amount of collateral from older deals, the rebound in commercial MBS activity has taken on a different look than the pre-crash market, experts say. The “CMBS 2.0” market is expected...
Read More
Even as securitization market watchers in both the U.S. and the European Union attempt to reconcile each other’s new and evolving risk-retention rules, experts warn that an obscure provision of the Dodd-Frank Act could complicate...
Read More