RMBS

Lawsuits that charge Goldman Sachs and Deutsche Bank with misleading mortgage investors may proceed, a federal judge in Manhattan has ruled.

Redwood Trust is planning to sell its sixth transaction of 2012 called Sequoia Mortgage Trust 2012-6, a Jumbo prime RMBS transaction.

Raj Date, the CFPB's No. 2, will leave the agency after it finalizes a package of mortgage rules it is currently writing, a spokeswoman said.

A crucial audit will be released on the FHA mutual mortgage insurance fund, but recent figures released by the agency indicate that late payments are headed in the wrong direction.

Mortgage servicers are making a push to remind homeowners who may be facing foreclosure they have roughly 48 days to request independent reviews.

Allonhill, Denver, recently laid off roughly 10 full-time appraisers because of a cutback by one of its mortgage clients, according to industry officials close to the matter.

While Fannie Mae and Freddie Mac remained trapped in federal conservatorships, the two still dominate the mortgage market and little has been done to revive private lending. But that could be changing.

In the wake of Hurricane Sandy, delinquency rates are expected to rise in RMBS deals.

Speakers at information Management Network's ABS East who tackled the housing market harped on two topics hampering the comeback of private-label RMBS issuance.

Investors in RMBS that buy mortgages previously serviced by a firm that has