--Amelia Granger
Investors say they want to buy new issue residential mortgage-backed securities and banks are building up their RMBS desks to cater to that demand. But rating agency standards that call for high credit enhancement levels and a lack of new private label mortgages to securitize are still posing significant obstacles to the market’s return, according to market officials.
Deutsche Bank recently hired Noel Doromal (see story page TK) to head up its RMBS structuring desk, and ....