RMBS

Bank of America has escalated a longstanding dispute with MBIA over securities backed by residential mortgages.

Evan Malik has joined BNP Paribas’ securitization group, a spokeswoman at the bank confirmed today.

It looks like the CFPB’s deliberations over the qualified mortgage rule will go down to the wire, with agency officials still divided over underwriting requirements that could set the standard for years to come.

The White House has put together a long list of candidates who might eventually replace Edward DeMarco as director of the Federal Housing Finance Agency, according to officials who have been briefed on the matter.

Mortgage backed securities account for the lowest share of total structured finance issuance in four years, according to data published by Dealogic.

The Bank of England’s Funding for Lending Scheme (FLS) has slowed U.K. RMBS issuance and is partly responsible for a slowdown in European securitization issuance in October, according to Standard & Poor’s.

Due diligence provider Allonhill LLC, Denver, Thursday afternoon laid off 140 staff workers and contractors as part of a company-wide restructuring.

A slight decline in refinance activity for all of November supports current prepayment expectations for December and January.