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Tag Archives: RMBS

Fitch Examines Top Servicers

According to the latest installment of Fitch’s U.S. RMBS servicer handbook, the American servicing landscape is undergoing significant shifts, much of it driven by merger and acquisition activity among servicers such as Mr. Cooper and Ocwen. 'Strategic positioning and M&A ...

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Barclays Settles RMBS Suit

The British bank Barclays has reached a settlement with U.S. authorities over financial crisis-era transactions involving toxic residential mortgage-backed securities (RMBS) sold between 2005 and 2007. Under the terms of the settlement, Barclay’s agreed to pay $2 billion in civil ...

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Bankruptcy Judge Backs Lehman Brothers in RMBS Suit

A New York bankruptcy judge has ruled that Lehman Brothers Holdings, Inc. will have to pay around $2.4 billion to investors in order to settle disputes over toxic residential mortgage-backed securities (RMBS) sold by the bank during the financial crisis. ...

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Smaller Banks Picked up RMBS Slack in Q3

The third quarter of 2017 saw many of the larger bank servicers scaling back their portfolios of residential mortgage-backed securities (RMBS), while smaller regional banks and non-bank servicers moved to seize the opportunity, as reported by Fitch Ratings’ latest RMBS ...

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Steady 2018 RMBS Market Still Holds Risks

As companies start to issue more transactions in the new year, a new report takes a look at how the RMBS market will continue to perform.

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Royal Bank of Scotland Settlement with DOJ Might Not Happen

Following its role in the underwriting of toxic residential mortgage backed securities, the Royal Bank of Scotland expected to pay several billion in fines to the US Department of Justice. However, nothing has been settled just yet.

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RMBS Issuance Dips, But Still Outpaces 2016

Issuance of residential mortgage-backed securities in Q3 2017 has jumped up a huge amount over the same period last year, according to Moody’s.

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FDIC Continues a Complaint Against Banks’ RMBS Practices

According to a recent report, the Federal Deposit Insurance Corp. is continuing to push its complaints toward Alabama’s Colonial Bank and its affiliates for allegedly selling risky RMBS.

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