Residential Mortgage-Backed Securities › Standard & Poor's

Residential Mortgage-Backed Securities are financial instruments consisting of residential mortgages pooled together to form larger more complex financial commodities.

News & Analysis as of May 20, 2013

Rating Agency Developments - March 19, 2013

by Orrick - Structured Finance Group on 3/19/2013

On March 12, S&P updated its methodology for second-lien RMBS surveillance and cash flow analysis for pre-2009 originations. On March 11, Moody’s released its approach to rating RMBS using the MILAN framework. On March 11,...more

Rating Agency Developments - February 25, 2013

by Orrick - Structured Finance Group on 2/25/2013

On February 21, Fitch published its global rating criteria for single- and multi-name credit-linked notes. On February 21, Fitch updated its criteria for solar power projects. On February 20, Fitch released a report on U.S....more

California Attorney General Brings Action Against Standard and Poor’s

by Orrick - Structured Finance Group on 2/20/2013

On February 5, the Attorney General of California, Kamala D. Harris, filed suit in Superior Court in California against Standard & Poor’s and its parent company, the McGraw Hill Company. The Complaint alleges violations of...more

Orrick's Financial Industry Week In Review - February 19, 2013

by Orrick, Herrington & Sutcliffe LLP on 2/19/2013

In This Issue: - Financial Industry Developments •CFPB Implementation Plan for Mortgage Rules •FDIC Proposed Rule on Insured Deposits at Foreign Branches of U.S. Banks •CFPB Bulletin on Servicers'...more

Orrick's Financial Industry Week In Review - February 11, 2013

by Orrick, Herrington & Sutcliffe LLP on 2/14/2013

In This Issue: *RMBS Litigation - Assured Wins $90 Million in Damages in RMBS Breach of Contract Trial - DOJ Brings Civil Fraud Action Against S&P - S&P Seeks Declaration That Credit Ratings Are Immune From...more

DOJ Lawsuit Against S&P and McGraw Hill

by Russell Koonin, Philip R. Stein | Bilzin Sumberg Mortgage Repurchase Group on 2/14/2013

Last week, the Department of Justice (DOJ) filed a civil suit in the Central District of California against Standard & Poor’s Financial Services (S&P) and its parent company McGraw-Hill. The suit alleges that S&P engaged in a...more

S&P Seeks Declaration That Credit Ratings Are Immune From Liability

by Orrick - Structured Finance Group on 2/11/2013

On February 5, two Standard & Poor’s entities filed a declaratory judgment action in the Southern District of South Carolina seeking to bar the South Carolina Attorney General from suing S&P under South Carolina’s Unfair...more

DOJ Brings Civil Fraud Action Against S&P

by Orrick - Structured Finance Group on 2/11/2013

On February 4, the Department of Justice filed a complaint in the Central District of California against two Standard & Poor’s entities in connection with credit ratings S&P provided for certain RMBS and CDOs....more

Second Circuit Affirms Dismissal of Class Action Against S&P Over MBS Ratings

by Orrick - Structured Finance Group on 1/10/2013

On December 20, 2012, the Second Circuit affirmed a decision by Judge Sidney H. Stein of the Southern District of New York dismissing a putative class action suit alleging that Standard & Poor’s Ratings Services intentionally...more

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