RMBS

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.

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.