Standard & Poor’s (S&P) has updated how they treat Lenders Mortgage Insurance in rating Residential Mortgage Backed Securities (RMBS). This article details who these changes are relevant to and what the likely effects will be
Highlighting the key differences between fixed and floating rate bonds
A step by step guide of the basic process ratings agencies apply, using the recently issued Pepper Residential Securities Trust No. 12 as an example, showing the substantial amounts of housing market stress that even sub-investment grade RMBS are designed to withstand.
Liquidity in OTC bond markets. (06/06/13)
The start of 2013 has seen several issuers tap RMBS markets in significant volume, achieving notably tight pricing
Liquidity in OTC debt markets discussed as at 29 April 2013.
At the Australian Securitisation Forum in October, both the Australian Prudential Regulation Authority (APRA) and the Reserve Bank of Australia (RBA) announced changes important to any investors interested in RMBS. APRA clarified how it will allow ADIs to issue and hold RMBS in the future, while the RBA established detailed new reporting standards.