Private label RMBS gathers strength

摘要

Private label RMBS in the US -that is, mortgage-backed securitisations that do not involve guarantees from the country's giant government-sponsored entities - is finally staging something of a comeback after its fall from grace in the financial crisis. The week of June 5 saw nearly US$3bn of supply coming from such deals, with the transactions backed by everything from prime jumbo loans to formerly defaulted debt to non-prime mortgages, according to IFR data.