Oakleaf offers New RMBS Investor Notice Monitoring Service

RMBS Investor Notice Monitoring Service

The Oakleaf Group is pleased to announce the introduction a new RMBS Investor Notice Monitoring Service for tracking investor notices for US private-label Residential Mortgage-Backed Security transactions.

To aid portfolio surveillance efforts for our clients, Oakleaf collects and analyzes investor notices on public RMBS transactions. Oakleaf will provide a weekly investor notice monitoring report to investors who provide their holdings (CUSIPs or Deal names), which will include the investor notices issued that week plus Oakleaf’s analysis of the importance and urgency of each notice.


Oakleaf Investor Notice Monitoring Service

Oakleaf can also monitor notices for private RMBS on a portfolio basis upon request.

While some notices are administrative in nature (i.e., annual servicer compliance certifications), others are material to the waterfall calculation or payment priorities such as potential or pending litigation, trust instruction proceedings (TIPs), servicing transfers, and optional calls/terminations.

For example, nine of the 1,800 notices compiled by Oakleaf in Q4 in 2021 consisted of TIPS (TIPs are petitions filed by trustees seeking judicial guidance on document ambiguities or conflicting direction.) Outcomes of TIP petitions can impact the broader U.S. RMBS market, and materially impact cash flow distributions and payment priorities. Yet, during this same period, 1,000 standardized LIBOR transition notices were also compiled. Oakleaf’s new RMBS Investor Notice Monitoring Service helps investors to more easily identify and sort through the high impact notices from standardized notices.

Want to learn more about our Investor Notice Monitoring Service?

Monitoring investor notices require frequent checking of trustee websites, which often use obsolete technology and are challenging to navigate. Locating the notices is a cumbersome process and sorting through them for material information demands time and resources especially for holders of large RMBS portfolios. Oftentimes, the Depository Trust Company (DTC) is the holder of record who forwards the notices to custodians, which may not be delivered to account holders.

Oakleaf’s new RMBS Investor Notice Monitoring Service provides introduces a low-cost solution for bringing critical information directly to investors on a weekly basis. Investors who lack access to a platform to monitor and distil these notifications can greatly benefit from Oakleaf’s investor notice and assessment service. Visit our service page and contact us to learn more or reach out to Suzanne Mistretta.

Oakleaf at a Glance

The Oakleaf Group is a Washington DC-based, management consulting firm focused exclusively on the financial services, banking, and mortgage industry. Our team consists of industry subject matter experts, risk management professionals, and technologists who work together to help solve our clients’ toughest problems. Oakleaf strives to enhance the financial and regulatory industry with data-driven, model-informed, analytics-enabled, and operationally rigorous services and solutions.

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As a mortgage and financial services consulting firm, we assist companies throughout the mortgage and financial services industry, including banks and non-bank mortgage firms, GSEs, regulators, government agencies, law firms, insurance companies, asset managers, hedge funds, and other financial clients. We work closely with management to identify and prioritize challenges, and we apply deep industry expertise that drives performance, resulting in performance transformation across the organization.

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