RMBS

Given the importance of housing to MBS credit and prepayment performance, MBS investors have always kept one eye on trends in national and regional real estate markets.

Interactive Mortgage Advisors is offering a package of Ginnie Mae bulk servicing rights with an option to buy upwards of $1.5 billion in added ‘flow’ rights in the next year.

The European Central Bank this week said it will delay the go live date of its European DataWarehouse, pushing the implementation timeline for RMBS to Jan. 3, 2013 from Dec. 1, 2012.

Redwood Trust said it has closed on a $291 million securitization of mezzanine loans and other subordinate commercial real estate debt.

Freddie Mac’s efforts to support the pricing of its MBS — known as “participation certificates”— resulted in a spike in its loan and MBS purchases in October.

Mortgage rates held near their historic lows in the week ending November 29.

The nation’s top five servicers had a combined servicing market share of 55.6% at Sept. 30, a stunning loss of eight points in share over the past 12 months.

FHFA acting director Edward DeMarco noted that the g-fee hikes will move GSE pricing “closer to what it would be were mortgage credit risk borne solely by private capital.”

Credit Suisse has won a small victory in a legal battle over its sale of MBS.

Mortgage application activity was little changed overall in the holiday-shortened week ending Nov. 23.