Residential mortgage backed securities

Residential mortgage backed securities (RMBS)

Mortgage Backed Securities that are backed by loans secured with residential rather than commercial property.

Residential Mortgage-Backed Security

A derivative whose value is derived from home equity loans and mortgages on properties where people live. As with all mortgage-backed securities, this entitles the owner to a claim on the principal and interest payments on the particular mortgages underpinning the security. MBS's pay an interest rate that is usually related to the interest rates the homeowners are paying on their mortgages. The equivalent of the coupon on a mortgage backed security is a percentage of the interest and principal paid on the mortgages backing the security. An obvious risk to a residential MBS is the possibility that interest rates on home loans may decline, causing homeowners to refinance their mortgages and deprive the holder of the security from future interest payments.
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References in periodicals archive ?
Five Oaks said it intends to use the net proceeds from the offering to purchase non-agency mortgage assets (including prime jumbo residential whole loans, other mortgage loans and new issue non-agency residential mortgage backed securities, or RMBS), multi-family MBS, legacy non-agency RMBS and, to a lesser extent, agency RMBS.
Five Oaks Investment prices 3.5m common shares
UK lender Lloyds Banking Group plc (LON:LLOY) said it had agreed to shed a portfolio of US residential mortgage backed securities (RMBS) with a book value of some GBP2.
Deal snapshot: LLOYDS TO SELL US RMBS PORTFOLIO FOR GBP3.3BN
DE) has said that it has appointed former Fannie Mae (NYSE: FNM) official Sal Mirran as Asia-Pacific head of residential mortgage backed securities, as the German bank increases its focus on originating and selling such products in the region.
Deutsche Bank names head of mortgage-backed securities
MortgageIT will become a part of Deutsche Bank's Residential Mortgage Backed Securities group and Doug Naidus, CEO of MortgageIT, will become a Managing Director and Head of Mortgage Origination within the group.
Deutsche Bank Completes Acquisition Of MortgageIT Holdings
However, BB&T has no operating history in performing residential mortgage backed securities (RMBS) servicing.
Fitch Assigns BB&T Resi Servicer Rating of 'RPS3'
First Horizon has serviced a broad array of residential loans for more than 22 years and has been servicing residential mortgage backed securities (RMBS) for more than six years.
Fitch Affirms First Horizon's Prime & Alt-A Resi Servicer Ratings
is a real estate investment trust (REIT) that invests in residential mortgage backed securities (RMBS).
Fitch Upgrades American Home Mortgage's Primary Servicer Rating To 'RPS3+'
C-BASS' general business strategy involves targeted investments in subprime whole loans, subordinate Residential Mortgage Backed Securities (RMBS), scratch-and-dent subperforming and nonperforming whole loans, and servicing rights.
Fitch Rates C-BASS CBO XVII Ltd. 'AAA/AA/A/BBB'
These include residential and multifamily; commercial (office, industrial, retail and hospitality); Real Estate Investment Trusts (REITs); Residential Mortgage Backed Securities (RMBS); and Commercial Mortgage Backed Securities (CMBS).
Critical Investment Factors Are Discussed Inside the Investment Real Estate - US - August 2006 Research Report
Although UMS was formed in October 2002, the company has over 11 years of experience master servicing residential mortgage backed securities through its predecessors First Union and Wachovia.
Fitch Upgrades Universal Master Servicing LLC (UMS) to 'RMS3+'
Over the past three years the company began to pursue private investor and residential mortgage backed securities (RMBS) servicing.
Fitch Assigns Central Mortgage Company Resi Servicer Rating of 'RP3+'
AHL has been servicing residential mortgage backed securities (RMBS) for six years with servicing offices located in San Diego, CA, and Orlando, FL.
Fitch Upgrades Accredited's RESI Servicer Rating to 'RPS3+'

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