Overall, the August prepayment report is viewed as uneventful for the most part since it did not reflect the sharp drop in mortgage rates that occurred beginning in August.

Congress wanted to create a large category of high-quality residential mortgages that would be exempt from risk retention and easily securitized – but banking regulators have taken the opposite approach, according to Sen. Johnny Isakson, R-Ga.

Fixed- and one-year adjustable rate mortgage rates set new record lows in the week ending Sept. 8 in response to the flight-to-safety rally that occurred with the stunningly weak employment report and continued sovereign debt induced anxiety in Europe.

In the 1980s Freddie Mac had a marketing campaign The Gnomes Know, touting their expertise in mortgage markets. Now the Federal Housing Finance Agency (FHFA) has filed a $200 billion lawsuit against 17 of the nation's largest mortgage lenders arguing that during the subprime lending debacle of the last decade the gnomes didn't know!The lawsuits all relate to publicly offered private label subprime MBS purchased by Fannie Mae and Freddie mostly from 2005 through 2007. They purchased mostly senior investment grade securities because these not only qualified towards their housing "mission" goals required by Department of Housing and Urban Development's (HUD) "mission regulator," but also because the Office of Federal Housing Enterprise Oversight, FHFA's predecessor prudential regulator, required only 20% as much capital as for whole loan purchases.

Last December, when Carlyle Group took over four CLOs previously managed by Mizuho Alternative Investment, it didn’t just get the management contracts; it also acquired equity in these deals.

The State of Board of Regents in the State of Utah is issuing a $436.1 million student loan-backed deal, according to a preliminary official statement from the agency released today.

International law firm Walkers launched its Insurance Linked Securities (ILS) group, bringing together lawyers within the firm that have expertise in alternative risk transfer arrangements such as catastrophe bonds, reinsurance sidecars and securitization vehicles.

The group of state attorneys general lead by Iowa's Tom Miller have offered the banking industry new settlement terms in their negotiations around the robosigning controversy, according to a Financial Times report.

MBS issuers have long enjoyed an exemption from onerous provisions of the Investment Company Act (ICA) since the start of mortgage securitization in the early 1980s, but all that could change under a new proposal being weighed by the Securities and Exchange Commission (SEC).

Mortgage application declined 4.9% in the week ending Sept. 2 in response to lower refinancing activity.

KGS-Alpha Capital Markets hired Robert Piano for the firm's new ABS team. Piano joins from Barclays Capital after nine years in the bank's asset securitization group, where he was most recently a director specializing in esoteric asset deals.

Prudential Mortgage Capital Co. appointed Scott Heath to its Atlanta office as a loan officer covering the mid-Atlantic, southeast and southwest regions.