Residential MBS

Highlights

• 1 May 2012
  • Extension risk remains significant for UK RMBS Master Trusts
    Extension risk for scheduled and bullet notes remains significant for many UK RMBS master trusts, including Aire Valley, Gracechurch, Lanark, Langton and Lannraig. Extension beyond a scheduled or bullet maturity can lead to the repricing of risk, low redemption rates and actual and potential trigger breaches in some trusts. These breaches affect principal payment allocation and can significantly affect yields... Full Report
• 16 Apr 2012
  • Credit Insight Newsletter Highlights EMEA ABS Performance in April Edition
    We have published the April edition of Credit Insight, in which we discuss (i) the performance of EMEA ABS, which have remained in line with expectations so far since the onset of the financial crisis; (ii) the limited impact on RMBS of the Spanish government's recent mortgage decree; and (iii) the overall credit positive impact of the Italian government's law proposal regulating the restructuring of over-indebted consumers… Press Release l Full Report
• 12 Apr 2012
  • Resi Landscape rank-orders servicers’ ability to generate cash flows from delinquent subprime loans
    GMAC, SLS, and American Home generate the most cash flow from delinquent subprime loans, we find, as we rank-order the major US subprime servicers based on a cash flow collection efficiency metric. Also discussed: HomEq's servicing transfer to Ocwen is neutral for loan performance, the housing market’s signs of recovery, policymakers’ efforts to encourage the conversion of distressed homes to rental units...Full Report