RMBS

Neighborhood Pay Services (NPS) said it plans to expand its direct deposit platform, Rent Assurance, to distressed single family rentals that will be packaged in securitizations.

Issuance of Government National Mortgage Association-backed MBS jumped 12% in November on a sequential basis, to the highest level since December 2009.

Redwood Trust plans to increase its origination private label RMBS origination activity in 2013.

MBS spreads had been tighter heading into Wednesday's FOMC statement; however, the news served to back-up rates with the 10-year note yield rising to 1.699 percent from 1.649 percent

Bob Ryan, a senior HUD official who launched FHA’s foray into risk management as it pertains to lenders, has accepted a position within the capital markets group at Wells Fargo Home Mortgage, according to two Washington sources who have been briefed on the matter.

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.