RMBS

The HUD has admitted that the FHA Mutual Mortgage Insurance Fund is in the red by at least $16.3 billion with a negative capital ratio of 1.44%.

Ginnie Mae saw its profits fall almost 50% in fiscal year 2012, according to figures released Thursday.

Aside from adding TBA and specified pools, FINRA also continues to study collateralized MBS and other types of ABS for possible addition to TRACE.

Freddie Mac reported new records set along 30- and 15-year fixed mortgage rates as well as on one-year ARMs in the week ending Nov. 14.

BofA has so far offered $15.8 billion in consumer relief under the national mortgage settlement. It expects to meet all of its financial obligations by the end of February, two years ahead of its deadline.

Mortgage bankers are certain that if the fund goes negative, it will result in a premium increase for consumers.

Gleacher & Co. adds two managing directors Brendan Keane and Robert Miller to its MBS and rates division.

The rating agency cited the pending acquisition by Ocwen of ResCap's loan servicing unit.

Some banks, after shrinking their investment in servicing, may see value in the product.

Mortgage application activity rose 12.6% in the week ending Nov. 9, according to the Mortgage Bankers Association.