RMBS

The qualified mortgage test and risk retention rules will cement Fannie Mae and Freddie Mac’s dominance in the secondary market.

Mortgage bankers issued almost $37 billion of Ginnie Mae MBS in October, a 6% decline from the month prior.

UBS claims that the FHFA waited too long to file suits that charged it and other underwriters with misconduct in the sale of RMBS.

Cole Taylor Mortgage is seeking out MSRs packages in the range of $200 million to $500 million.

The Mortgage Forgiveness Debt Relief Act is slated to expire at the end of the year unless Congress passes a bill to continue it in the next few weeks.

The annual FHA actuarial report showed that loans originated after fiscal-year 2009 downward will perform much better and generate needed revenue for the agency's mortgage insurance fund.

Mortgage application volume decreased by 2.2% on a seasonally adjusted basis for the week ended Nov. 16, according to the MBA.

The affected securities are backed by first- or second-lien residential mortgages, private student loans, RMBS, CMBS and ABS, the agency said.

The move to raise the premium should not become a considerable impediment to refinancing for most FHA borrowers since they can still apply for a mortgage.

New York Attorney General Eric Schneiderman has filed a lawsuit against Credit Suisse for allegedly deceiving investors in MBS.