According to a tally from Inside MBS & ABS, RBS/Greenwich Capital ranked second among all subprime MBS underwriters that brought deals to market from 2004 to 2007 with $261 billion.
The New York Fed argues that CRTs have reduced the GSEs’ exposure to mortgage credit risk without disrupting the stability of the secondary mortgage market…
MBS investors are encouraged the bureau is more willing to listen to industry participants, but they have concerns about assignee liability and grim predictions about increased regulation by the states.
The CFPB’s impact on the mortgage-backed security market remained a touchy subject at the SFIG Vegas conference last week. MBS investors are encouraged that the bureau is more willing to listen to industry participants, but they have concerns about assignee liability and grim predictions about increased regulation by the states. For a time after the CFPB implemented the TILA-RESPA Integrated Disclosure rule, sales of non-agency mortgages were difficult to complete. TRID includes assignee liability ...