The proposals are a potential credit negative for RMBS if they cover securitized loans, according to a Standard & Poor's note released this morning.

The debate inside the Republican Party over the future of Fannie Mae and Freddie Mac has taken a right turn with Mitt Romney's selection of Rep. Paul Ryan as his running mate.

The Mortgage Bankers Association reported its Refinance Index declined 5.1% to 5077.3 in the week ending Aug. 10.

Rahm Emanuel on Tuesday shot down the idea of the city's plan to seize underwater mortgages, the Chicago Tribune reported.

Moody's said that the increasing number of consolidated loans will lessen excess spread availability to cover loan losses from poorer-quality borrowers.

The bank will pay over $6.5 million to settle claims that its brokerage firm and a former executive did not properly disclose risks in MBS investments.

The data provides a good early projection of shifts in bank assets and liabilities.

Some firms grew their MSR portfolios by fourfold or more over the past 12 months.

The firm has goal is to put at least $500 million of investor money to use, buying MSRs in the secondary market.

Liquidations in loans backing the JPMCC 2006-CB15 transaction were have resulted in losses worth $35.1 million.

Tom Deutsch, executive director of the trade group, warned Chicago against the use of eminent domain to take underwater mortgages.

Ally is seeking to divest more than $30 billion of assets in Canada, Mexico, Europe and Latin America.