RMBS

The performance of the collateral behind residential mortgage-backed securities (RMBS) in the U.S. continued improving in November.

Policymakers appear unwilling to take on the future of Fannie Mae and Freddie Mac as they face other issues and the housing market begins to recover.

Fannie Mae said on Friday that issued $107.8 billion in MBS in November, up from $62.7 billion in October.

Between $500 million and $600 million will be returned to the MF Global Inc. estate under an agreement between the Securities Investor Protection Act and a joint administrator of MF Global UK Ltd. The funds would be enough to fully satisfy investor claims.

New York Mortgage Trust, a mortgage real estate investment trust, on Friday announced its $59.6 million, privately placed RMBS securitization.

Standard & Poor’s rated a $1.6 billion transaction with multiple tranches, originated by Home Loan Servicing Solutions.

Quantitative easing, particularly the Federal Reserve’s ongoing effort to buy mortgage-backed securities, has frustrated smaller banks that are also in the market for such assets.

Canada Mortgage and Housing Corporation (CMHC) announced today the details of the legal framework for Canadian covered bonds.

Carrington Holding Co. has hired Christopher Whalen to head its investment banking operations, according to the Santa Ana, Calif., mortgage banking and servicing company.