Finance

BShould the FHFA raise fees high enough, it could eventually resurrect a private securitization market and shrink Fannie and Freddie.

The public report will be based on a tally of the relief provided so far on a state-by-state basis, monitor Joseph Smith said

The RUB13.2bln RMBS deal is the sixth for Russia's Agency for Housing Mortgage Lending.

New issue volume for credit card ABS has already surpassed 2011 volumes despite the contraction of receivables balances for existing credit card trusts.

Freddie Mac reported 30-year fixed mortgage rates averaged 3.62% for the week ending August 16, up three basis points from last week.

Lehman Brothers Holdings has removed WCAS Fraser Sullivan as the manager of a portfolio of commercial loans.

Jill Showell, who was formerly from PMI Group, becomes the mortgage servicer's senior vice president for government and community relations.

The automobile finance firm has acquired subprime auto loan lender Resurgent Auto Finance and has secured fresh capital for growth.

Small servicers would essentially be subject to many of the same requirements that came out of the $25 billion mortgage settlement.

Stabilizing fundamentals and favorable performance so far this year has reduced Fitch’s concerns over potential losses for life company mortgage investments.

A CMBS bond from the top of the cashflow waterfall in a JPMorgan conduit deal was hit with an interest shortfall this month.

Six federal financial regulatory agencies are looking over a proposed rule to establish new appraisal requirements for "higher-risk mortgage loans."

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.